Hsbc Holdings PLC Takes Position in YETI Holdings, Inc. $YETI

Key Points

• HSBC Holdings PLC acquired 51,121 shares of YETI during the second quarter, valued at approximately $2.53 million and representing a 0.07% stake.
• Analyst sentiment is generally positive, with 10 Buy ratings and six Holds; YETI has a “Moderate Buy” consensus rating and an average price target of $55.57.
• YETI exceeded quarterly earnings expectations, reporting $0.67 in EPS versus the $0.54 consensus, while revenue rose 8.5% year over year to $483.87 million.

Hsbc Holdings PLC bought a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 51,121 shares of the company's stock, valued at approximately $2,527,000. Hsbc Holdings PLC owned 0.07% of YETI as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of YETI during the third quarter worth about $30,000. Safe Harbor Fiduciary LLC acquired a new position in shares of YETI in the 4th quarter valued at approximately $41,000. Meeder Asset Management Inc. purchased a new position in shares of YETI during the 4th quarter valued at approximately $44,000. IFP Advisors Inc grew 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 buying an additional 327 shares in the last quarter. Finally, SJS Investment Consulting Inc. grew its position in shares of YETI by 56.0% during the first quarter. SJS Investment Consulting Inc. now owns 1,385 shares of the company's stock worth $51,000 after buying an additional 497 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. UBS Group restated a "neutral" rating on shares of YETI in a research note on Thursday. Wall Street Zen upgraded YETI from a "hold" rating to a "buy" rating in a research note on Saturday, July 4th. Raymond James Financial boosted their price objective on YETI from $55.00 to $56.00 and gave the company an "outperform" rating in a report on Thursday, August 13th. The Goldman Sachs Group upgraded YETI from a "neutral" rating to a "buy" rating and upped their price objective for the company from $46.00 to $63.00 in a research note on Monday, July 20th. Finally, Morgan Stanley increased their target price on YETI from $48.00 to $49.00 and gave the stock an "equal weight" rating in a report on Thursday, August 20th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $55.57.

YETI Trading Up 2.0%

NYSE:YETI opened at $40.28 on Friday. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.03 and a beta of 1.70. 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 1 year low of $31.66 and a 1 year high of $53.99. The business has a fifty day moving average of $46.69 and a 200-day moving average of $43.96.

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 the consensus estimate of $483.80 million. During the same quarter in the previous year, the business earned $0.66 EPS. The company's quarterly revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts predict that YETI Holdings, Inc. will post 2.58 earnings per share for the current year.

YETI Company Profile

YETI Holdings, Inc designs, markets and distributes premium products for outdoor, recreation and everyday use. Its product portfolio includes hard and soft coolers, drinkware, bags, outdoor cooking products and related accessories designed for durability and performance.

The company sells its products through its direct-to-consumer business, including its website and retail stores, as well as through independent retailers and other wholesale channels. YETI serves customers primarily in the United States and Canada, with an expanding international presence.

YETI was founded in 2006 by brothers Roy and Ryan Seiders and is headquartered in Austin, Texas.

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