Wellington Management Group LLP reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,231,102 shares of the company's stock after selling 538,840 shares during the period. Wellington Management Group LLP owned about 5.80% of YETI worth $209,693,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. Hillsdale Investment Management Inc. boosted its position in YETI by 21,066.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company's stock worth $3,485,000 after acquiring an additional 94,800 shares during the last quarter. Quantedge Capital Pte Ltd acquired a new stake in shares of YETI in the first quarter valued at approximately $904,000. One Capital Management LLC raised its holdings in shares of YETI by 32.4% in the fourth quarter. One Capital Management LLC now owns 59,917 shares of the company's stock valued at $2,647,000 after purchasing an additional 14,666 shares during the last quarter. Swedbank AB bought a new stake in shares of YETI in the first quarter worth $7,318,000. Finally, Renaissance Technologies LLC lifted its position in shares of YETI by 105.5% in the first quarter. Renaissance Technologies LLC now owns 85,500 shares of the company's stock worth $3,128,000 after purchasing an additional 43,900 shares in the last quarter.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of YETI from $48.00 to $49.00 and gave the company an "equal weight" rating in a research report on Thursday, August 20th. Piper Sandler raised their price objective on YETI from $54.00 to $58.00 and gave the company an "overweight" rating in a report on Monday, August 10th. Canaccord Genuity Group lifted their target price on YETI from $42.00 to $45.00 and gave the company a "hold" rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reiterated a "buy" rating and set a $80.00 target price on shares of YETI in a report on Thursday, August 13th. Finally, Robert W. Baird raised their price target on YETI from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Ten investment 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.
Read Our Latest Report on YETI
YETI Stock Performance
NYSE YETI opened at $41.02 on Tuesday. The firm has a market capitalization of $2.99 billion, a P/E ratio of 17.91, a price-to-earnings-growth ratio of 1.08 and a beta of 1.72. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average price is $48.32 and its two-hundred day moving average price is $44.39. YETI Holdings, Inc. has a 1 year low of $31.66 and a 1 year high of $53.99.
YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.13. The company had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. YETI had a net margin of 9.24% and a return on equity of 23.79%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. As a group, research analysts anticipate that YETI Holdings, Inc. will post 2.58 EPS for the current year.
YETI Company Profile
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Free Report)
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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