Baillie Gifford & Co. Sells 75,815 Shares of YETI Holdings, Inc. $YETI

Baillie Gifford & Co. lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 2.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,614,918 shares of the company’s stock after selling 75,815 shares during the period. Baillie Gifford & Co.’s holdings in YETI were worth $86,763,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. grew its position in shares of YETI by 109.3% during the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after acquiring an additional 468 shares during the period. True Wealth Design LLC raised its holdings in shares of YETI by 141.1% in the 3rd quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares during the period. IFP Advisors Inc lifted its stake in YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after purchasing an additional 865 shares during the last quarter. Parallel Advisors LLC grew its holdings in YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during the period. Finally, MAI Capital Management bought a new position in YETI during the second quarter valued at $31,000.

Wall Street Analyst Weigh In

Several analysts have issued reports on YETI shares. UBS Group boosted their target price on YETI from $38.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a report on Wednesday. Morgan Stanley set a $48.00 price objective on YETI in a research note on Friday, January 16th. William Blair reiterated an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. Finally, Stifel Nicolaus lifted their target price on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $43.08.

Insider Transactions at YETI

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the sale, the senior vice president directly owned 56,397 shares in the company, valued at $2,555,912.04. This represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.94% of the stock is owned by corporate insiders.

YETI Stock Down 2.9%

Shares of NYSE YETI opened at $47.43 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.69 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.61 and a beta of 1.77. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $51.29. The business has a 50-day simple moving average of $44.43 and a two-hundred day simple moving average of $38.31.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. YETI had a net margin of 8.75% and a return on equity of 23.62%. The firm had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. During the same period in the prior year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.