Pacer Advisors Inc. Cuts Stock Holdings in YETI Holdings, Inc. $YETI

Pacer Advisors Inc. lessened its position in YETI Holdings, Inc. (NYSE:YETI) by 28.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 263,469 shares of the company’s stock after selling 103,095 shares during the quarter. Pacer Advisors Inc. owned about 0.32% of YETI worth $8,742,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in YETI. Andrew Hill Investment Advisors Inc. lifted its holdings in YETI by 94.9% in the 3rd quarter. Andrew Hill Investment Advisors Inc. now owns 127,994 shares of the company’s stock valued at $4,247,000 after purchasing an additional 62,325 shares in the last quarter. L. Roy Papp & Associates LLP grew its holdings in shares of YETI by 4.8% during the third quarter. L. Roy Papp & Associates LLP now owns 52,855 shares of the company’s stock worth $1,754,000 after buying an additional 2,408 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of YETI by 2.5% in the third quarter. Moody National Bank Trust Division now owns 14,740 shares of the company’s stock valued at $489,000 after buying an additional 356 shares during the last quarter. Aaron Wealth Advisors LLC lifted its stake in shares of YETI by 123.0% in the third quarter. Aaron Wealth Advisors LLC now owns 22,153 shares of the company’s stock worth $735,000 after buying an additional 12,219 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in YETI by 47.8% during the third quarter. GAMMA Investing LLC now owns 4,805 shares of the company’s stock worth $159,000 after acquiring an additional 1,554 shares during the last quarter.

YETI Price Performance

NYSE:YETI opened at $45.83 on Monday. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $46.28. The stock’s fifty day moving average is $39.53 and its two-hundred day moving average is $36.01. The company has a market capitalization of $3.57 billion, a P/E ratio of 23.87, a P/E/G ratio of 2.94 and a beta of 1.78. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last issued its quarterly earnings data 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. The firm had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Insider Activity

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the company’s 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 transaction, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This represents a 14.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.08% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on YETI shares. Canaccord Genuity Group increased their price objective on shares of YETI from $34.00 to $37.00 and gave the company a “hold” rating in a report on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. Morgan Stanley upped their target price on YETI from $37.00 to $39.00 and gave the company an “equal weight” rating in a report on Monday, October 27th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Finally, B. Riley reissued a “neutral” rating and set a $35.00 price target (up previously from $32.00) on shares of YETI in a research report on Monday, November 10th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.17.

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.