Tidal Investments LLC Trims Holdings in YETI Holdings, Inc. $YETI

Key Points

• Tidal Investments cut its YETI stake by 30.6% in the second quarter, selling 33,207 shares and retaining 75,387 shares valued at approximately $3.7 million.
• Institutional sentiment was mixed, with several major investors increasing their positions. Analysts maintain a “Moderate Buy” consensus and an average price target of $55.57, with targets ranging from $45 to $63.
• YETI reported quarterly EPS of $0.67, beating estimates of $0.54, while revenue rose 8.5% year over year to $483.87 million. Shares opened at $40.88, below their 50-day and 200-day moving averages.

Tidal Investments LLC decreased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 30.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,387 shares of the company's stock after selling 33,207 shares during the period. Tidal Investments LLC owned 0.10% of YETI worth $3,736,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of YETI by 4,438.8% in the second quarter. California State Teachers Retirement System now owns 4,302,948 shares of the company's stock worth $213,254,000 after buying an additional 4,208,145 shares in the last quarter. Reinhart Partners LLC. lifted its position in YETI by 5.1% during the second quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company's stock valued at $162,423,000 after purchasing an additional 158,957 shares during the period. Dimensional Fund Advisors LP boosted its holdings in YETI by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company's stock worth $69,043,000 after purchasing an additional 70,273 shares during the last quarter. Quantinno Capital Management LP raised its stake in YETI by 46.0% during the 1st 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 last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of YETI during the 2nd quarter valued at $57,971,000.

Analysts Set New Price Targets

YETI has been the subject of several research analyst reports. Bank of America lifted their price objective on YETI from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, August 14th. Canaccord Genuity Group increased their price target on shares of YETI from $42.00 to $45.00 and gave the stock a "hold" rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised shares of YETI from a "neutral" rating to a "buy" rating and increased their target price for the stock from $46.00 to $63.00 in a report on Monday, July 20th. Robert W. Baird boosted their price objective on YETI from $55.00 to $57.00 and gave the company an "outperform" rating in a research report on Friday, August 14th. Finally, Stifel Nicolaus boosted their price target on shares of YETI from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Friday, August 14th. Ten equities research 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 presently has an average rating of "Moderate Buy" and a consensus price target of $55.57.

YETI Stock Performance

Shares of YETI stock opened at $40.88 on Tuesday. The company's 50 day moving average is $46.54 and its 200 day moving average is $43.92. YETI Holdings, Inc. has a 52-week low of $31.66 and a 52-week high of $53.99. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 1.05 and a beta of 1.70. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly 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. The business had revenue of $483.87 million for the quarter, compared to analyst estimates of $483.80 million. YETI had a net margin of 9.24% and a return on equity of 23.79%. YETI's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.58 EPS for the current fiscal year.

YETI 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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