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

Harbor Capital Advisors Inc. reduced its stake in YETI Holdings, Inc. (NYSE:YETI) by 57.6% during the 3rd quarter, Holdings Channel reports. The fund owned 86,586 shares of the company’s stock after selling 117,633 shares during the period. Harbor Capital Advisors Inc.’s holdings in YETI were worth $2,873,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. UMB Bank n.a. raised its stake in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after buying an additional 865 shares in the last quarter. Parallel Advisors LLC raised its position in shares of YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares during the last quarter. MAI Capital Management acquired a new position in shares of YETI in the second quarter valued at approximately $31,000. Finally, Headlands Technologies LLC purchased a new position in shares of YETI during the second quarter valued at approximately $52,000.

Insider Transactions at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the 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 sale, the senior vice president owned 56,397 shares of the company’s stock, valued at approximately $2,555,912.04. This represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on YETI. Canaccord Genuity Group lifted their target price 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. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Stifel Nicolaus upped their target price on YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Finally, B. Riley restated a “neutral” rating and issued a $35.00 price target (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average price target of $39.17.

YETI Trading Up 0.5%

Shares of YETI opened at $45.14 on Thursday. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $46.28. The firm has a market capitalization of $3.51 billion, a P/E ratio of 23.51, a price-to-earnings-growth ratio of 2.90 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. The stock’s fifty day simple moving average is $39.05 and its 200 day simple moving average is $35.79.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate 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 return on equity of 23.62% and a net margin of 8.75%.The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

YETI Company 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.