Swedbank AB purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI – Free Report) in the first quarter, HoldingsChannel.com reports. The firm purchased 200,000 shares of the company’s stock, valued at approximately $7,318,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in YETI. Richardson Financial Services Inc. acquired a new position in YETI in the 4th quarter worth $25,000. Blue Trust Inc. grew its stake in shares of YETI by 2,079.3% during the fourth quarter. Blue Trust Inc. now owns 632 shares of the company’s stock valued at $28,000 after acquiring an additional 603 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after acquiring an additional 309 shares in the last quarter. Quarry LP purchased a new stake in shares of YETI during the third quarter worth about $30,000. Finally, Safe Harbor Fiduciary LLC purchased a new stake in shares of YETI during the fourth quarter worth about $41,000.
Analysts Set New Price Targets
A number of research analysts recently commented on the company. Canaccord Genuity Group increased their price target on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings downgraded YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Stifel Nicolaus set a $42.00 target price on YETI in a research report on Friday, May 15th. Raymond James Financial reissued an “outperform” rating and set a $55.00 price target on shares of YETI in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of YETI from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, YETI has a consensus rating of “Moderate Buy” and an average target price of $50.42.
YETI Stock Down 0.9%
NYSE:YETI traded down $0.45 during mid-day trading on Friday, reaching $48.89. The stock had a trading volume of 512,238 shares, compared to its average volume of 1,058,734. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 24.95, a price-to-earnings-growth ratio of 1.56 and a beta of 1.73. YETI Holdings, Inc. has a 1-year low of $30.51 and a 1-year high of $51.89. The stock’s 50 day simple moving average is $46.45 and its two-hundred day simple moving average is $44.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06.
YETI (NYSE:YETI – Get Free Report) last announced 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 return on equity of 22.61% and a net margin of 8.36%.The firm had revenue of $380.41 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Equities analysts anticipate that YETI Holdings, Inc. will post 2.44 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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