Xcel Wealth Management LLC Has $1.56 Million Stock Position in YETI Holdings, Inc. $YETI

Xcel Wealth Management LLC lessened its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 21.0% during the third quarter, Holdings Channel.com reports. The institutional investor owned 46,968 shares of the company’s stock after selling 12,520 shares during the quarter. Xcel Wealth Management LLC’s holdings in YETI were worth $1,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in YETI. Integrated Wealth Concepts LLC boosted its stake in shares of YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock worth $214,000 after acquiring an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in YETI by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock worth $9,527,000 after purchasing an additional 14,920 shares during the period. Parallel Advisors LLC boosted its position in YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after purchasing an additional 375 shares during the period. UMB Bank n.a. increased its holdings in shares of YETI by 109.3% in the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares during the last quarter. Finally, Wedge Capital Management L L P NC increased its holdings in shares of YETI by 28.2% in the second quarter. Wedge Capital Management L L P NC now owns 51,952 shares of the company’s stock valued at $1,638,000 after purchasing an additional 11,418 shares during the last quarter.

Insider Buying and Selling at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

YETI Price Performance

YETI stock opened at $50.77 on Monday. The firm has a market cap of $3.95 billion, a PE ratio of 26.44, a price-to-earnings-growth ratio of 2.82 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. The stock’s fifty day moving average price is $43.32 and its two-hundred day moving average price is $37.77. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $51.29.

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. William Blair reissued an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Canaccord Genuity Group boosted their price target on YETI from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. B. Riley reissued a “neutral” rating and set a $35.00 target price (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Finally, UBS Group boosted their target price on shares of YETI from $38.00 to $51.00 and gave the company a “neutral” rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, YETI currently has an average rating of “Hold” and an average price target of $43.08.

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.