OP Asset Management Ltd acquired a new stake in YETI Holdings, Inc. (NYSE:YETI – Free Report) in the first quarter, Holdings Channel.com reports. The fund acquired 19,593 shares of the company’s stock, valued at approximately $717,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. L. Roy Papp & Associates LLP boosted its holdings in YETI by 0.5% during the 4th quarter. L. Roy Papp & Associates LLP now owns 53,095 shares of the company’s stock valued at $2,345,000 after acquiring an additional 240 shares during the period. Cardinal Point Capital Management ULC increased its stake in YETI by 0.7% during the fourth quarter. Cardinal Point Capital Management ULC now owns 41,845 shares of the company’s stock worth $1,848,000 after purchasing an additional 300 shares during the period. SBI Securities Co. Ltd. increased its stake in YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of YETI by 6.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $250,000 after purchasing an additional 321 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of YETI by 35.4% during the fourth quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock worth $55,000 after purchasing an additional 327 shares in the last quarter.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on YETI. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 target price on shares of YETI in a research note on Friday, May 15th. UBS Group decreased their price target on shares of YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Canaccord Genuity Group boosted their price target on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Morgan Stanley set a $45.00 target price on YETI in a report on Tuesday, June 23rd. Finally, Robert W. Baird boosted their target price on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.42.
YETI Price Performance
Shares of NYSE:YETI opened at $49.63 on Wednesday. YETI Holdings, Inc. has a 12 month low of $30.51 and a 12 month high of $51.89. The firm has a market capitalization of $3.76 billion, a P/E ratio of 25.32, a P/E/G ratio of 1.58 and a beta of 1.74. 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’s fifty day moving average price is $45.03 and its 200 day moving average price is $43.91.
YETI (NYSE:YETI – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. YETI had a net margin of 8.36% and a return on equity of 22.61%. The company had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. YETI’s revenue for the quarter was up 8.3% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.
About YETI
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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