Andrew Hill Investment Advisors Inc. Invests $2.07 Million in YETI Holdings, Inc. $YETI

Key Points

• Andrew Hill Investment Advisors Inc. has invested $2.07 million in YETI Holdings, acquiring 65,669 shares, which represents about 1.7% of their total investment portfolio.
• YETI reported earnings of $0.66 EPS, exceeding analysts' expectations of $0.54, but its revenue declined 3.8% year-over-year to $445.89 million.
• Analysts currently hold a mixed sentiment on YETI, with five giving it a "Buy" rating and nine issuing a "Hold" rating, leading to an average price target of $38.54.

Andrew Hill Investment Advisors Inc. bought a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 65,669 shares of the company's stock, valued at approximately $2,070,000. YETI comprises about 1.7% of Andrew Hill Investment Advisors Inc.'s holdings, making the stock its 26th largest position. Andrew Hill Investment Advisors Inc. owned approximately 0.08% of YETI at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Costello Asset Management INC purchased a new position in YETI during the 1st quarter worth $25,000. Parallel Advisors LLC raised its position in YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after acquiring an additional 375 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in YETI during the first quarter worth about $34,000. LRI Investments LLC purchased a new stake in shares of YETI during the first quarter worth about $65,000. Finally, Quarry LP grew its holdings in shares of YETI by 815.4% during the first quarter. Quarry LP now owns 2,682 shares of the company's stock worth $89,000 after buying an additional 2,389 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Jefferies Financial Group restated a "buy" rating on shares of YETI in a report on Tuesday, September 16th. Cowen reissued a "hold" rating on shares of YETI in a research report on Friday, August 8th. Stifel Nicolaus boosted their target price on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Morgan Stanley reissued a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Finally, UBS Group boosted their target price on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Five research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $38.54.

YETI Stock Performance

Shares of NYSE:YETI traded up $0.57 on Monday, reaching $35.16. 395,378 shares of the company's stock were exchanged, compared to its average volume of 2,093,809. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 2.44 and a beta of 1.86. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The business's 50-day moving average is $35.43 and its two-hundred day moving average is $32.49. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The company had revenue of $445.89 million for the quarter, compared to analysts' expectations of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The firm's revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.