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 reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 28.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Strs Ohio purchased a new position in shares of YETI during the first quarter worth $964,000. Intech Investment Management LLC boosted its position in shares of YETI by 41.1% during the first quarter. Intech Investment Management LLC now owns 257,062 shares of the company's stock worth $8,509,000 after buying an additional 74,848 shares during the period. Bayforest Capital Ltd purchased a new position in shares of YETI during the first quarter worth $908,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of YETI by 5.5% during 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 buying an additional 14,920 shares during the period. Finally, Optimize Financial Inc boosted its position in shares of YETI by 53.5% during the first quarter. Optimize Financial Inc now owns 20,880 shares of the company's stock worth $691,000 after buying an additional 7,273 shares during the period.

YETI Stock Down 3.5%

YETI stock traded down $1.24 during midday trading on Friday, reaching $34.60. The company's stock had a trading volume of 2,384,053 shares, compared to its average volume of 1,489,990. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.81 billion, a P/E ratio of 16.48, a P/E/G ratio of 2.53 and a beta of 1.86. The business has a 50-day simple moving average of $35.43 and a 200-day simple moving average of $32.52.

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, beating analysts' consensus estimates of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The company had revenue of $445.89 million for the quarter, compared to analysts' expectations of $461.73 million. During the same period last year, the firm earned $0.70 earnings per share. YETI's quarterly revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on YETI. Raymond James Financial restated an "outperform" rating and set a $37.00 price target (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Canaccord Genuity Group increased their price objective on YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research note on Friday, August 8th. Stifel Nicolaus increased their price objective on YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research note on Friday, August 8th. UBS Group increased their price objective on YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Morgan Stanley reiterated a "cautious" rating on shares of YETI in a research note on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.54.

About YETI

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.