Federated Hermes Inc. Has $16.14 Million Stock Holdings in YETI Holdings, Inc. $YETI

Federated Hermes Inc. lowered its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,281 shares of the company’s stock after selling 16,535 shares during the quarter. Federated Hermes Inc. owned approximately 0.60% of YETI worth $16,135,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after buying an additional 865 shares during the last quarter. True Wealth Design LLC boosted 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 acquiring an additional 518 shares in the last quarter. MAI Capital Management acquired a new position in shares of YETI in the 2nd quarter worth approximately $31,000. SJS Investment Consulting Inc. grew its position in YETI by 7,876.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,356 shares of the company’s stock worth $45,000 after acquiring an additional 1,339 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in YETI during the 2nd quarter valued at $52,000.

Insiders Place Their Bets

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the transaction, the senior vice president owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of recent analyst reports. UBS Group boosted their price objective on YETI from $38.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Stifel Nicolaus upped their price target on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $45.00 price objective on shares of YETI in a report on Tuesday. B. Riley restated a “neutral” rating and issued a $35.00 price objective (up previously from $32.00) on shares of YETI in a research report on Monday, November 10th. Finally, Morgan Stanley set a $48.00 target price on shares of YETI in a research report on Friday, January 16th. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.42.

YETI Trading Up 0.0%

YETI opened at $45.73 on Friday. The firm has a 50 day simple moving average of $45.43 and a 200 day simple moving average of $38.80. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $51.29. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 23.82, a price-to-earnings-growth ratio of 2.52 and a beta of 1.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16.

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

YETI 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.