Bank of New York Mellon Corp Makes New Investment in YETI Holdings, Inc. $YETI

Key Points

• Bank of New York Mellon purchased 1,169,707 YETI shares worth approximately $58 million, giving it a 1.54% stake. Several other institutional investors also increased their positions during the first and second quarters.
• Analyst sentiment remains positive, with ten Buy ratings and six Holds producing a “Moderate Buy” consensus and an average price target of $55.57. Recent firms raised targets to between $57 and $62.
• YETI’s latest quarterly results exceeded expectations, with EPS of $0.67 versus $0.54 expected and revenue up 8.5% year over year to $483.87 million. Shares opened at $41.81, below both the 50-day and 200-day moving averages.

Bank of New York Mellon Corp bought a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,169,707 shares of the company's stock, valued at approximately $57,971,000. Bank of New York Mellon Corp owned about 1.54% of YETI at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Integrated Wealth Concepts LLC boosted its holdings in YETI by 9.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company's stock valued at $214,000 after purchasing an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of YETI by 5.5% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company's stock valued at $9,527,000 after purchasing an additional 14,920 shares during the period. M&T Bank Corp raised its stake in shares of YETI by 17.6% in the second quarter. M&T Bank Corp now owns 8,648 shares of the company's stock valued at $272,000 after purchasing an additional 1,294 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in YETI by 48.8% in the second quarter. Arrowstreet Capital Limited Partnership now owns 16,404 shares of the company's stock worth $517,000 after purchasing an additional 5,379 shares during the period. Finally, California Public Employees Retirement System lifted its position in YETI by 2.5% in the second quarter. California Public Employees Retirement System now owns 144,069 shares of the company's stock worth $4,541,000 after purchasing an additional 3,507 shares during the period.

Key Headlines Impacting YETI

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI is expanding its licensed college-football merchandise ahead of the season, launching limited-edition drinkware for 12 NCAA teams, including Alabama, Ohio State, Texas, Georgia, and Michigan. The products could support seasonal demand, brand visibility, and direct-to-consumer sales. YETI launches Limited-Edition College Football Drinkware
• Positive Sentiment: Reports that the Ohio State bottle is already selling quickly and that YETI has released new Alabama fan gear indicate strong consumer interest in the company’s college-sports merchandise, although the revenue contribution is not quantified. Ohio State limited-edition bottle
• Positive Sentiment: Additional lifestyle coverage highlights YETI coolers and accessories, providing favorable brand exposure and potentially reinforcing demand across its drinkware and outdoor-product categories. YETI cooler coverage
• Neutral Sentiment: Several articles cover the new 140mm MT trail bike and its Sixfinity suspension. That product is made by Yeti Cycles, a separate privately held brand, and should not be confused with publicly traded YETI Holdings. Yeti MT trail bike
• Neutral Sentiment: Overall, the articles do not report changes to revenue, earnings, pricing, supply, or guidance. Investors may therefore be focusing more on valuation, technical momentum, and broader consumer-spending conditions than on this product news.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on YETI. Robert W. Baird increased their price objective on shares of YETI from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Wall Street Zen upgraded shares of YETI from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Piper Sandler increased their target price on YETI from $54.00 to $58.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. Roth Capital restated a "buy" rating and set a $62.00 target price on shares of YETI in a research report on Friday, August 14th. Finally, Stifel Nicolaus boosted their price target on YETI from $42.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, August 14th. Ten research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $55.57.

YETI Trading Down 1.8%

Shares of YETI opened at $41.81 on Thursday. The stock has a fifty day moving average price of $48.75 and a two-hundred day moving average price of $44.51. 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 52-week low of $31.66 and a 52-week high of $53.99. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 1.11 and a beta of 1.72.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%.The company had revenue of $483.87 million for the quarter, compared to analyst estimates of $483.80 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. The business's revenue was up 8.5% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Analysts predict that YETI Holdings, Inc. will post 2.58 EPS 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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