Federated Hermes Inc. Sells 16,535 Shares of YETI Holdings, Inc. $YETI

Federated Hermes Inc. cut its position in YETI Holdings, Inc. (NYSE:YETI) by 3.3% during the 3rd quarter, HoldingsChannel reports. The firm owned 486,281 shares of the company’s stock after selling 16,535 shares during the quarter. Federated Hermes Inc.’s holdings in YETI were worth $16,135,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Integrated Wealth Concepts LLC raised its stake in YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock worth $214,000 after buying an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of YETI by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock worth $9,527,000 after acquiring an additional 14,920 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of YETI by 42.0% during the second quarter. Janney Montgomery Scott LLC now owns 33,733 shares of the company’s stock worth $1,063,000 after purchasing an additional 9,974 shares during the period. ZWJ Investment Counsel Inc. acquired a new stake in shares of YETI during the second quarter worth about $248,000. Finally, Valeo Financial Advisors LLC bought a new position in shares of YETI during the 2nd quarter valued at about $1,113,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. William Blair reiterated an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. B. Riley restated a “neutral” rating and set a $35.00 price objective (up from $32.00) on shares of YETI in a report on Monday, November 10th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $45.00 price objective on shares of YETI in a research report on Tuesday. Finally, Canaccord Genuity Group increased their target price on YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $44.42.

Insider Buying and Selling at YETI

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

YETI Trading Up 0.0%

YETI stock opened at $45.73 on Friday. The firm has a 50-day moving average of $45.43 and a 200-day moving average of $38.80. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $51.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 23.82, a P/E/G ratio of 2.52 and a beta of 1.77.

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