Sterling Capital Management LLC Sells 32,053 Shares of YETI Holdings, Inc. $YETI

Key Points

• Sterling Capital Management cut its YETI stake by 93.6% in the third quarter, selling 32,053 shares and retaining 2,187 shares valued at approximately $90,000.
• YETI reported quarterly EPS of $0.67, beating estimates of $0.54, while revenue rose 8.5% year over year to $483.87 million. The company provided fiscal 2026 EPS guidance of $2.94–$3.00.
• Analyst sentiment remains positive, with 13 Buy ratings and four Holds; YETI has a “Moderate Buy” consensus rating and an average price target of $55.20, above its reported share price of $45.49.

Sterling Capital Management LLC reduced its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 93.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,187 shares of the company's stock after selling 32,053 shares during the period. Sterling Capital Management LLC's holdings in YETI were worth $90,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of YETI. Bank of New York Mellon Corp acquired a new position in YETI during the second quarter worth approximately $57,971,000. Quantinno Capital Management LP raised its stake in YETI by 46.0% in the first quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company's stock valued at $68,467,000 after buying an additional 589,205 shares during the period. Handelsbanken Fonder AB raised its stake in YETI by 165.5% in the second quarter. Handelsbanken Fonder AB now owns 482,858 shares of the company's stock valued at $23,930,000 after buying an additional 300,958 shares during the period. Empowered Funds LLC raised its stake in YETI by 2,858.7% in the first quarter. Empowered Funds LLC now owns 289,125 shares of the company's stock valued at $10,579,000 after buying an additional 279,353 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of YETI by 38.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company's stock valued at $34,780,000 after buying an additional 235,490 shares during the last quarter.

YETI Stock Up 4.2%

YETI stock opened at $45.49 on Tuesday. YETI Holdings, Inc. has a fifty-two week low of $32.26 and a fifty-two week high of $53.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 0.87. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 19.87, a PEG ratio of 1.13 and a beta of 1.68. The business's fifty day moving average price is $41.66 and its two-hundred day moving average price is $44.05.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.13. YETI had a net margin of 9.24% and a return on equity of 23.79%. The company had revenue of $483.87 million during the quarter, compared to analysts' expectations of $483.80 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. YETI'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. On average, equities analysts anticipate that YETI Holdings, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

YETI has been the subject of several research analyst reports. Bank of America lifted their target price on YETI from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, August 14th. The Goldman Sachs Group upgraded YETI from a "neutral" rating to a "buy" rating and increased their price target for the company from $46.00 to $63.00 in a research note on Monday, July 20th. UBS Group set a $44.00 price target on YETI in a research note on Thursday, October 15th. Roth Capital reaffirmed a "buy" rating and set a $62.00 price target on shares of YETI in a report on Friday, August 14th. Finally, Stifel Nicolaus raised shares of YETI from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $45.00 to $50.00 in a research report on Friday, September 18th. Thirteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $55.20.

YETI Profile

YETI Holdings, Inc NYSE: YETI designs, markets and distributes premium outdoor products for customers who spend time fishing, hunting, camping, boating and participating in other outdoor activities. The company is headquartered in Austin, Texas, and was founded in 2006 by brothers Roy and Ryan Seiders.

YETI's product portfolio includes hard and soft coolers, drinkware, insulated bags, outdoor gear, cookware and products for outdoor living. Its offerings are designed to provide durability, insulation and performance in demanding conditions, and are sold under the YETI brand through the company's website, retail stores and a network of wholesale partners.

The company serves customers primarily in North America while also operating in international markets, including parts of Europe, Australia and Asia.

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