Andrew Hill Investment Advisors Inc. Makes New $2.07 Million Investment in YETI Holdings, Inc. $YETI

by · The Cerbat Gem

Andrew Hill Investment Advisors Inc. purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 65,669 shares of the company’s stock, valued at approximately $2,070,000. YETI accounts for approximately 1.7% of Andrew Hill Investment Advisors Inc.’s investment portfolio, making the stock its 26th biggest position. Andrew Hill Investment Advisors Inc. owned about 0.08% of YETI at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Costello Asset Management INC acquired a new position in YETI during the first quarter worth about $25,000. Parallel Advisors LLC boosted its stake in shares of YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after acquiring an additional 375 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of YETI during the 1st quarter worth approximately $34,000. LRI Investments LLC acquired a new stake in shares of YETI in the 1st quarter worth approximately $65,000. Finally, Quarry LP increased its stake in YETI by 815.4% in the 1st quarter. Quarry LP now owns 2,682 shares of the company’s stock valued at $89,000 after purchasing an additional 2,389 shares in the last quarter.

YETI Trading Down 0.4%

Shares of YETI stock opened at $35.42 on Thursday. 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 fifty-two week low of $26.61 and a fifty-two week high of $45.25. The firm’s 50 day moving average price is $35.32 and its two-hundred day moving average price is $32.52. The stock has a market cap of $2.88 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 2.51 and a beta of 1.86.

YETI (NYSE:YETI – Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a research report on Tuesday. Canaccord Genuity Group boosted their price objective on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research report on Friday, August 8th. Morgan Stanley reissued a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Stifel Nicolaus upped their price target on shares of YETI from $31.00 to $33.00 and gave the company a “hold” rating in a report on Friday, August 8th. Finally, Raymond James Financial reissued an “outperform” rating and set a $37.00 price objective (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $38.54.

Get Our Latest Research Report on YETI

About YETI

(Free Report)

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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