Schwartz Investment Counsel Inc. Lowers Stock Holdings in YETI Holdings, Inc. $YETI

by · The Cerbat Gem

Schwartz Investment Counsel Inc. reduced its position in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 76.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,550 shares of the company’s stock after selling 272,520 shares during the quarter. Schwartz Investment Counsel Inc. owned about 0.10% of YETI worth $2,739,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC lifted its stake in YETI by 14.9% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 9,238 shares of the company’s stock worth $307,000 after purchasing an additional 1,199 shares in the last quarter. Reinhart Partners LLC. grew its position in shares of YETI by 24.2% during the 3rd quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock valued at $88,323,000 after purchasing an additional 519,102 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of YETI by 2.7% in the third quarter. Versant Capital Management Inc now owns 13,311 shares of the company’s stock worth $442,000 after purchasing an additional 354 shares during the period. Kera Capital Partners Inc. raised its position in shares of YETI by 4.2% in the third quarter. Kera Capital Partners Inc. now owns 12,520 shares of the company’s stock worth $415,000 after buying an additional 505 shares in the last quarter. Finally, Prosperitas Financial LLC purchased a new stake in shares of YETI in the third quarter worth $1,741,000.

YETI Stock Up 2.9%

Shares of NYSE YETI opened at $50.77 on Monday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 26.44, a PEG ratio of 2.82 and a beta of 1.77. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $51.29. The firm’s 50 day simple moving average is $43.32 and its two-hundred day simple moving average is $37.77. 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 – Get Free Report) 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. YETI had a net margin of 8.75% and a return on equity of 23.62%. The company had revenue of $487.77 million during the quarter, compared to analysts’ expectations of $480.08 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm’s revenue was up 1.9% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Canaccord Genuity Group upped their target price on YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Stifel Nicolaus upped their price objective 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. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. KeyCorp raised shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a report on Friday. Finally, Morgan Stanley set a $48.00 price objective on shares of YETI in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $43.08.

Get Our Latest Report on YETI

Insider Activity

In other news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $45.32, for a total value 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. The trade was a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.94% of the company’s stock.

YETI Profile

(Free Report)

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.

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