Renaissance Technologies LLC Buys 43,900 Shares of YETI Holdings, Inc. $YETI

Key Points

• Renaissance Technologies more than doubled its YETI stake in the first quarter, purchasing 43,900 additional shares for a total of 85,500 shares valued at approximately $3.13 million.
• Wall Street sentiment is generally positive, with 10 analysts rating YETI a Buy and five a Hold. The stock has a “Moderate Buy” consensus rating and an average price target of $52.83.
• YETI exceeded quarterly expectations, reporting adjusted EPS of $0.26 versus the $0.17 consensus and revenue of $380.41 million, up 8.3% year over year. Shares opened at $52.13, near the company’s 52-week high of $53.99.

Renaissance Technologies LLC raised its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 105.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,500 shares of the company's stock after purchasing an additional 43,900 shares during the period. Renaissance Technologies LLC owned 0.11% of YETI worth $3,128,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new stake in shares of YETI in the fourth quarter worth about $25,000. Blue Trust Inc. boosted its stake in 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 buying an additional 603 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in YETI by 91.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company's stock valued at $29,000 after buying an additional 309 shares in the last quarter. Quarry LP bought a new stake in YETI in the 3rd quarter worth approximately $30,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in YETI in the 4th quarter worth approximately $41,000.

Wall Street Analyst Weigh In

YETI has been the subject of a number of research reports. Morgan Stanley set a $45.00 target price on YETI in a research report on Tuesday, June 23rd. UBS Group upped their price target on shares of YETI from $45.00 to $51.00 and gave the company a "neutral" rating in a research note on Thursday, July 16th. The Goldman Sachs Group upgraded shares of YETI from a "neutral" rating to a "buy" rating and increased their price objective for the company from $46.00 to $63.00 in a research report on Monday, July 20th. Raymond James Financial reissued an "outperform" rating and issued a $55.00 price objective on shares of YETI in a research note on Friday, May 15th. Finally, Canaccord Genuity Group upped their target price on shares of YETI from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Tuesday, June 23rd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $52.83.

YETI Stock Performance

NYSE YETI opened at $52.13 on Friday. The company has a market cap of $3.95 billion, a P/E ratio of 26.60, a P/E/G ratio of 1.65 and a beta of 1.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. The business's 50 day moving average price is $49.52 and its 200-day moving average price is $44.71. YETI Holdings, Inc. has a fifty-two week low of $31.56 and a fifty-two week high of $53.99.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.09. The company had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. YETI had a return on equity of 22.61% and a net margin of 8.36%.YETI's revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. 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 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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