Bank of America Corp DE Lowers Stock Holdings in YETI Holdings, Inc. $YETI

Key Points

• Bank of America reduced its YETI position by 18.6% in the first quarter, selling 119,675 shares and retaining 524,151 shares valued at approximately $19.2 million.
• YETI reported quarterly revenue of $483.87 million, up 8.5% year over year, while earnings per share of $0.67 exceeded analyst expectations of $0.54. The company issued fiscal 2026 EPS guidance of $2.94–$3.00.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $55.29, compared with the stock’s recent opening price of $44.17.

Bank of America Corp DE decreased its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 524,151 shares of the company's stock after selling 119,675 shares during the period. Bank of America Corp DE owned about 0.69% of YETI worth $19,179,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Edgestream Partners L.P. purchased a new position in YETI during the 1st quarter valued at about $4,406,000. Janus Henderson Group PLC increased its stake in shares of YETI by 4.3% during the 1st quarter. Janus Henderson Group PLC now owns 367,082 shares of the company's stock valued at $13,432,000 after acquiring an additional 15,154 shares during the last quarter. Amundi increased its position in YETI by 56.7% during the first quarter. Amundi now owns 15,756 shares of the company's stock worth $577,000 after purchasing an additional 5,703 shares during the last quarter. California State Teachers Retirement System raised its position in shares of YETI by 21.5% in the 1st quarter. California State Teachers Retirement System now owns 94,803 shares of the company's stock worth $3,469,000 after buying an additional 16,804 shares during the period. Finally, Empowered Funds LLC raised its holdings in shares of YETI by 2,858.7% in the 1st quarter. Empowered Funds LLC now owns 289,125 shares of the company's stock worth $10,579,000 after purchasing an additional 279,353 shares during the period.

YETI Price Performance

Shares of YETI opened at $44.17 on Thursday. 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 Holdings, Inc. has a twelve month low of $31.66 and a twelve month high of $53.99. The firm's 50 day moving average price is $49.40 and its 200 day moving average price is $44.63. The firm has a market cap of $3.22 billion, a PE ratio of 19.29, a PEG ratio of 1.19 and a beta of 1.72.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.67 EPS for the quarter, topping 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 firm had revenue of $483.87 million for the quarter, compared to the consensus estimate of $483.80 million. During the same quarter last year, the firm posted $0.66 EPS. The business's quarterly revenue was up 8.5% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. As a group, research analysts expect that YETI Holdings, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on YETI. Canaccord Genuity Group lifted 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. Jefferies Financial Group reaffirmed a "buy" rating and issued a $80.00 price objective on shares of YETI in a report on Thursday, August 13th. 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 report on Friday, August 14th. Roth Capital reiterated a "buy" rating and issued a $62.00 target price on shares of YETI in a research note on Friday, August 14th. Finally, Wall Street Zen raised YETI from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $55.29.

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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