YETI (NYSE:YETI) SVP Bryan Barksdale Sells 9,756 Shares

YETI Holdings, Inc. (NYSE:YETI) SVP Bryan Barksdale sold 9,756 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the transaction, the senior vice president directly owned 56,397 shares in the company, valued at $2,555,912.04. This trade represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

YETI Price Performance

YETI stock traded down $0.69 during trading on Monday, hitting $43.39. The company had a trading volume of 2,334,101 shares, compared to its average volume of 2,048,804. The business has a 50 day moving average of $37.33 and a 200 day moving average of $35.09. The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 2.85 and a beta of 1.78. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $46.28.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $487.77 million during the quarter, compared to analyst estimates of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Hedge Funds Weigh In On YETI

A number of institutional investors have recently bought and sold shares of YETI. LRI Investments LLC lifted its stake in YETI by 8.0% during the third quarter. LRI Investments LLC now owns 4,170 shares of the company’s stock valued at $138,000 after buying an additional 309 shares in the last quarter. Arizona State Retirement System increased its position in shares of YETI by 1.4% in the third quarter. Arizona State Retirement System now owns 24,506 shares of the company’s stock worth $813,000 after acquiring an additional 346 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of YETI by 2.7% during the third quarter. Versant Capital Management Inc now owns 13,311 shares of the company’s stock valued at $442,000 after acquiring an additional 354 shares during the period. Moody National Bank Trust Division lifted its position in shares of YETI by 2.5% in the 3rd quarter. Moody National Bank Trust Division now owns 14,740 shares of the company’s stock valued at $489,000 after acquiring an additional 356 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares during the period.

Analysts Set New Price Targets

A number of brokerages have issued reports on YETI. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. UBS Group lifted their target price on YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. B. Riley reissued a “neutral” rating and issued a $35.00 price target (up from $32.00) on shares of YETI in a report on Monday, November 10th. Canaccord Genuity Group raised their price objective on shares of YETI from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Friday, November 7th. Finally, Stifel Nicolaus boosted their target price on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a report on Friday. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $39.17.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.