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% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,614,918 shares of the company’s stock after selling 75,815 shares during the quarter. Baillie Gifford & Co. owned about 3.22% of YETI worth $86,763,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in YETI. Westwood Holdings Group Inc. raised its stake in YETI by 110.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after buying an additional 1,314,878 shares during the period. Norges Bank bought a new stake in shares of YETI during the second quarter valued at approximately $32,995,000. Engaged Capital LLC increased its holdings in shares of YETI by 40.1% during the second quarter. Engaged Capital LLC now owns 2,162,518 shares of the company’s stock valued at $68,163,000 after acquiring an additional 619,000 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of YETI during the second quarter worth approximately $19,285,000. Finally, William Blair Investment Management LLC bought a new position in shares of YETI in the 2nd quarter worth $16,960,000.

Insider Activity at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the sale, the senior vice president directly 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group boosted their price target on shares of YETI from $38.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Morgan Stanley set a $48.00 price objective on shares of YETI in a report on Friday, January 16th. Canaccord Genuity Group boosted their target price on shares of YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. Stifel Nicolaus raised their price target on shares of YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research report on Friday, December 12th. Finally, William Blair reiterated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.08.

YETI Stock Down 2.9%

YETI opened at $47.43 on Friday. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $51.29. The firm has a market capitalization of $3.69 billion, a P/E ratio of 24.70, a PEG ratio of 2.61 and a beta of 1.77. The company’s 50-day moving average is $44.43 and its 200 day moving average is $38.31. 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 posted its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $480.08 million. During the same quarter last year, the business posted $0.71 EPS. 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 expect 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.