Harbor Capital Advisors Inc. Has $6.44 Million Holdings in YETI Holdings, Inc. $YETI

Key Points

• Harbor Capital Advisors Inc. significantly increased its stake in YETI Holdings, raising it by 66.7% during Q2, holding 204,219 shares valued at approximately $6.4 million.
• YETI reported a quarterly EPS of $0.66, exceeding analysts' estimates, though its revenue of $445.89 million fell short of expectations and marked a 3.8% decline year-over-year.
• Wall Street analysts have mixed ratings on YETI, with five analysts rating it as a Buy and nine as a Hold, while the consensus price target sits at $38.54.

Harbor Capital Advisors Inc. increased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 66.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 204,219 shares of the company's stock after buying an additional 81,720 shares during the quarter. Harbor Capital Advisors Inc. owned 0.25% of YETI worth $6,437,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of YETI. Costello Asset Management INC bought a new position in shares of YETI during the first quarter valued at approximately $25,000. Parallel Advisors LLC lifted its stake in YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company's stock valued at $31,000 after acquiring an additional 375 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of YETI during the 1st quarter valued at about $34,000. LRI Investments LLC acquired a new stake in shares of YETI during the 1st quarter worth approximately $65,000. Finally, Quarry LP increased its stake in shares of YETI by 815.4% in the 1st quarter. Quarry LP now owns 2,682 shares of the company's stock valued at $89,000 after purchasing an additional 2,389 shares in the last quarter.

Wall Street Analyst Weigh In

YETI has been the subject of a number of analyst reports. Raymond James Financial reissued an "outperform" rating and issued a $37.00 price objective (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Stifel Nicolaus raised their target price on YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Morgan Stanley restated a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Cowen reissued a "hold" rating on shares of YETI in a research report on Friday, August 8th. Finally, Canaccord Genuity Group raised their price objective on YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, YETI currently has a consensus rating of "Hold" and a consensus price target of $38.54.

YETI Stock Performance

Shares of NYSE YETI traded down $1.24 during midday trading on Friday, hitting $34.60. 2,384,053 shares of the stock traded hands, compared to its average volume of 1,489,990. The firm has a market capitalization of $2.81 billion, a P/E ratio of 16.48, a PEG ratio of 2.44 and a beta of 1.86. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $45.25. The firm has a 50-day moving average of $35.43 and a two-hundred day moving average of $32.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52.

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