YETI Holdings, Inc. $YETI Shares Sold by First Hawaiian Bank

Key Points

• First Hawaiian Bank has reduced its stake in YETI Holdings, Inc. by 28.5%, now owning 19,032 shares worth approximately $630,000.
• YETI reported earnings of $0.66 per share for the last quarter, exceeding expectations, though revenue was down 3.8% year-over-year at $445.89 million.
• Analysts have mixed views on YETI, with a consensus target price of $38.54, including ratings of "Buy" from five analysts and "Hold" from nine analysts.

First Hawaiian Bank cut its stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 28.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,032 shares of the company's stock after selling 7,581 shares during the period. First Hawaiian Bank's holdings in YETI were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of YETI. Costello Asset Management INC acquired a new stake in YETI during the 1st quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of YETI in the 1st quarter worth $34,000. LRI Investments LLC purchased a new stake in shares of YETI during the 1st quarter valued at approximately $65,000. Quarry LP boosted its stake in 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 during the period. Finally, Covestor Ltd grew its stake in shares of YETI by 35.2% in the first quarter. Covestor Ltd now owns 4,683 shares of the company's stock valued at $155,000 after buying an additional 1,220 shares in the last quarter.

YETI Price Performance

YETI opened at $35.50 on Monday. 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 Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The stock has a fifty day moving average of $35.13 and a 200-day moving average of $32.48. The firm has a market capitalization of $2.88 billion, a P/E ratio of 16.90, a PEG ratio of 2.50 and a beta of 1.86.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $461.73 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.The business's quarterly revenue was down 3.8% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on YETI. Cowen reiterated a "hold" rating on shares of YETI in a research note on Friday, August 8th. Canaccord Genuity Group increased their price objective on YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Stifel Nicolaus raised their target price on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a report on Friday, August 8th. Raymond James Financial reissued an "outperform" rating and issued a $37.00 price target (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Finally, Citigroup increased their price objective on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, YETI has an average rating of "Hold" and a consensus target price of $38.54.

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.

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