Glenmede Trust Co. NA Sells 27,082 Shares of YETI Holdings, Inc. $YETI

Key Points

• Glenmede Trust Co. NA reduced its YETI Holdings position by 8.8% in the first quarter, selling 27,082 shares and retaining 282,162 shares valued at approximately $10.3 million.
• YETI reported quarterly earnings of $0.26 per share, beating estimates of $0.17, while revenue rose 8.3% year over year to $380.4 million. The company issued fiscal 2026 EPS guidance of $2.83 to $2.89.
• YETI shares recently traded near $49, within a 52-week range of $30.51 to $53.21. Analysts maintain a “Moderate Buy” consensus with an average price target of $52.83.

Glenmede Trust Co. NA lessened its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 8.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 282,162 shares of the company's stock after selling 27,082 shares during the period. Glenmede Trust Co. NA owned about 0.37% of YETI worth $10,324,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in YETI. L. Roy Papp & Associates LLP boosted its position in YETI by 0.5% in the fourth quarter. L. Roy Papp & Associates LLP now owns 53,095 shares of the company's stock valued at $2,345,000 after buying an additional 240 shares in the last quarter. Cardinal Point Capital Management ULC increased its holdings in shares of 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 buying an additional 300 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of 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 buying an additional 309 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of YETI by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company's stock valued at $250,000 after acquiring an additional 321 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of YETI by 35.4% in the fourth quarter. IFP Advisors Inc now owns 1,250 shares of the company's stock valued at $55,000 after acquiring an additional 327 shares during the last quarter.

YETI Stock Performance

Shares of YETI stock opened at $49.03 on Monday. 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 firm has a market cap of $3.71 billion, a P/E ratio of 25.02, a P/E/G ratio of 1.54 and a beta of 1.73. The firm has a 50 day simple moving average of $49.00 and a 200 day simple moving average of $44.60. YETI Holdings, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $53.21.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The firm had revenue of $380.41 million during the quarter, compared to analysts' expectations of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. YETI's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 EPS. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Sell-side analysts predict that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings lowered YETI from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, May 11th. UBS Group boosted their price objective on YETI from $45.00 to $51.00 and gave the stock a "neutral" rating in a research note on Thursday, July 16th. Canaccord Genuity Group increased their target price on YETI from $42.00 to $45.00 and gave the stock a "hold" rating in a report on Tuesday, June 23rd. Raymond James Financial restated an "outperform" rating and issued a $55.00 target price on shares of YETI in a research note on Friday, May 15th. Finally, Morgan Stanley set a $45.00 price target on YETI in a report on Tuesday, June 23rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $52.83.

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.

Want to see what other hedge funds are holding YETI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for YETI Holdings, Inc. (NYSE:YETI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.