Wellington Management Group LLP cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) by 11.3% during the second quarter, Holdings Channel reports. The fund owned 4,231,102 shares of the company’s stock after selling 538,840 shares during the quarter. Wellington Management Group LLP owned about 0.06% of YETI worth $209,693,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in YETI. GAMMA Investing LLC lifted its holdings in YETI by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,113 shares of the company’s stock valued at $253,000 after purchasing an additional 211 shares during the last quarter. Cardinal Point Capital Management ULC increased its holdings in shares of YETI by 0.7% in the fourth quarter. Cardinal Point Capital Management ULC now owns 41,845 shares of the company’s stock valued at $1,848,000 after purchasing an additional 300 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of YETI by 91.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of YETI by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $250,000 after purchasing an additional 321 shares during the period. Finally, IFP Advisors Inc raised its position in shares of YETI by 35.4% in the fourth quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock valued at $55,000 after purchasing an additional 327 shares during the period.
Analysts Set New Price Targets
A number of analysts have recently issued reports on YETI shares. Stifel Nicolaus raised their target price on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, August 14th. Piper Sandler increased their price target on shares of YETI from $54.00 to $58.00 and gave the company an “overweight” rating in a report on Monday, August 10th. The Goldman Sachs Group upgraded shares of YETI from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $46.00 to $63.00 in a research report on Monday, July 20th. Jefferies Financial Group restated a “buy” rating and set a $80.00 price objective on shares of YETI in a report on Thursday, August 13th. Finally, Weiss Ratings raised YETI from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Ten investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, YETI has a consensus rating of “Moderate Buy” and a consensus price target of $55.57.
YETI Stock Down 1.3%
YETI opened at $41.02 on Tuesday. The stock has a fifty day moving average of $48.32 and a 200-day moving average of $44.39. The company has a market capitalization of $2.99 billion, a P/E ratio of 17.91, a P/E/G ratio of 1.08 and a beta of 1.72. YETI Holdings, Inc. has a fifty-two week low of $31.66 and a fifty-two week high of $53.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 1.75.
YETI (NYSE:YETI – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. YETI had a net margin of 9.24% and a return on equity of 23.79%. The business had revenue of $483.87 million for the quarter, compared to the consensus estimate of $483.80 million. During the same period in the prior year, the company posted $0.66 earnings per share. YETI’s revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, equities analysts expect that YETI Holdings, Inc. will post 2.58 EPS for the current 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.
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