YETI Holdings, Inc. $YETI Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its position in YETI Holdings, Inc. (NYSE:YETI) by 57.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 86,586 shares of the company’s stock after selling 117,633 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.11% of YETI worth $2,873,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in YETI. Raymond James Financial Inc. increased its stake in shares of YETI by 16.1% during the first quarter. Raymond James Financial Inc. now owns 188,052 shares of the company’s stock worth $6,225,000 after acquiring an additional 26,019 shares during the period. Hsbc Holdings PLC lifted its position in YETI by 2.5% in the first quarter. Hsbc Holdings PLC now owns 19,429 shares of the company’s stock valued at $638,000 after purchasing an additional 483 shares during the period. AlphaQuest LLC boosted its holdings in YETI by 677.8% in the 1st quarter. AlphaQuest LLC now owns 9,474 shares of the company’s stock valued at $314,000 after purchasing an additional 8,256 shares in the last quarter. Jump Financial LLC increased its position in YETI by 66.8% during the 1st quarter. Jump Financial LLC now owns 36,061 shares of the company’s stock worth $1,194,000 after purchasing an additional 14,437 shares during the period. Finally, Ieq Capital LLC increased its position in YETI by 1,026.1% during the 1st quarter. Ieq Capital LLC now owns 113,317 shares of the company’s stock worth $3,751,000 after purchasing an additional 103,254 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a report on Tuesday, September 16th. William Blair reiterated an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. UBS Group boosted their target price on shares of YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Canaccord Genuity Group upped their price target on shares of YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Finally, Stifel Nicolaus raised their price objective on shares of YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, YETI currently has an average rating of “Hold” and an average price target of $39.17.

YETI Stock Up 0.5%

YETI stock opened at $45.14 on Thursday. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $46.28. The firm has a market capitalization of $3.51 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 2.90 and a beta of 1.78. The stock’s fifty day moving average is $39.05 and its two-hundred day moving average is $35.79. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 2.16.

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

Insider Activity at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the transaction, the senior vice president directly owned 56,397 shares of the company’s stock, valued at $2,555,912.04. This trade represents a 14.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.94% of the stock is owned by corporate insiders.

YETI Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.