ING Groep NV acquired a new position in YETI Holdings, Inc. (NYSE:YETI – Free Report) in the fourth quarter, HoldingsChannel reports. The fund acquired 75,900 shares of the company’s stock, valued at approximately $3,353,000.
A number of other hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in YETI by 14.3% in the third quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock worth $185,089,000 after acquiring an additional 696,983 shares during the period. Baillie Gifford & Co. lifted its stake in YETI by 50.9% in the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock worth $174,259,000 after acquiring an additional 1,330,278 shares during the period. Reinhart Partners LLC. lifted its stake in YETI by 14.0% in the fourth quarter. Reinhart Partners LLC. now owns 3,035,561 shares of the company’s stock worth $134,081,000 after acquiring an additional 373,641 shares during the period. American Century Companies Inc. lifted its stake in YETI by 38.1% in the third quarter. American Century Companies Inc. now owns 1,981,953 shares of the company’s stock worth $65,761,000 after acquiring an additional 547,098 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in YETI by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,847,025 shares of the company’s stock worth $61,291,000 after acquiring an additional 41,766 shares during the period.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on YETI. Wall Street Zen lowered shares of YETI from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Piper Sandler boosted their target price on shares of YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Robert W. Baird increased their price target on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group lifted their price objective on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, UBS Group reduced their price objective on shares of YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.42.
YETI Stock Up 0.5%
Shares of YETI stock opened at $47.62 on Tuesday. YETI Holdings, Inc. has a 1-year low of $29.12 and a 1-year high of $51.29. The stock’s fifty day moving average price is $41.18 and its 200 day moving average price is $43.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 1.49 and a beta of 1.74.
YETI (NYSE:YETI – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. YETI had a return on equity of 22.61% and a net margin of 8.36%.The company had revenue of $380.41 million during the quarter, compared to analysts’ expectations of $374.73 million. During the same period last year, the business posted $0.31 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. On average, research analysts expect that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.
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.
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