Andrew Hill Investment Advisors Inc. Sells 66,333 Shares of YETI Holdings, Inc. $YETI

Key Points

• Andrew Hill Investment Advisors cut its YETI stake by 85.4%, selling 66,333 shares and retaining 11,309 shares valued at approximately $464,000.
• YETI reported quarterly EPS of $0.67, beating estimates of $0.54, while revenue rose 8.5% year over year to $483.87 million.
• Analysts remain broadly positive, with a “Moderate Buy” consensus from 17 ratings and an average price target of $55.27, above the reported share price of $42.83.

Andrew Hill Investment Advisors Inc. decreased its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 85.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,309 shares of the company's stock after selling 66,333 shares during the quarter. Andrew Hill Investment Advisors Inc.'s holdings in YETI were worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new stake in shares of YETI in the second quarter valued at about $57,971,000. Quantinno Capital Management LP increased its position in YETI by 46.0% in the 1st quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company's stock valued at $68,467,000 after acquiring an additional 589,205 shares in the last quarter. Handelsbanken Fonder AB raised its position in YETI by 165.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 482,858 shares of the company's stock worth $23,930,000 after purchasing an additional 300,958 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of YETI by 2,858.7% in the 1st quarter. Empowered Funds LLC now owns 289,125 shares of the company's stock valued at $10,579,000 after purchasing an additional 279,353 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in YETI by 38.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company's stock valued at $34,780,000 after purchasing an additional 235,490 shares during the last quarter.

YETI Stock Down 2.7%

Shares of NYSE:YETI opened at $42.83 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The stock has a fifty day simple moving average of $41.59 and a two-hundred day simple moving average of $44.46. YETI Holdings, Inc. has a 12-month low of $32.26 and a 12-month high of $53.99. The stock has a market capitalization of $3.13 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 1.15 and a beta of 1.68.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.13. YETI had a net margin of 9.24% and a return on equity of 23.79%. The business had revenue of $483.87 million during the quarter, compared to analysts' expectations of $483.80 million. During the same period in the previous year, the company earned $0.66 earnings per share. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, research analysts anticipate that YETI Holdings, Inc. will post 2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on YETI. LADENBURG THALM/SH SH started coverage on shares of YETI in a research note on Tuesday, October 13th. They issued a "buy" rating and a $52.00 target price for the company. Roth Capital reiterated a "buy" rating and issued a $62.00 price objective on shares of YETI in a report on Friday, August 14th. Piper Sandler increased their price objective on YETI from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Bank of America increased their price target on YETI from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Finally, UBS Group set a $44.00 price target on shares of YETI in a research report on Thursday, October 15th. Thirteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $55.27.

YETI Company Profile

YETI Holdings, Inc NYSE: YETI designs, markets and distributes premium outdoor products for customers who spend time fishing, hunting, camping, boating and participating in other outdoor activities. The company is headquartered in Austin, Texas, and was founded in 2006 by brothers Roy and Ryan Seiders.

YETI's product portfolio includes hard and soft coolers, drinkware, insulated bags, outdoor gear, cookware and products for outdoor living. Its offerings are designed to provide durability, insulation and performance in demanding conditions, and are sold under the YETI brand through the company's website, retail stores and a network of wholesale partners.

The company serves customers primarily in North America while also operating in international markets, including parts of Europe, Australia and Asia.

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