YETI Holdings, Inc. $YETI Stock: Van Berkom & Associates Inc. Cuts Holdings

Key Points

• Van Berkom & Associates cut its YETI stake 2.0% in the third quarter, selling 23,804 shares; it retained 1,187,959 shares, valued at about $48.7 million.
• YETI reported quarterly EPS of $0.67, beating the $0.54 consensus, while revenue rose 8.5% year over year to $483.87 million.
• Analysts’ consensus rating was “Moderate Buy”, with an average price target of $55.20; 13 analysts rated the stock Buy and four rated it Hold.

Van Berkom & Associates Inc. cut its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,187,959 shares of the company's stock after selling 23,804 shares during the quarter. Van Berkom & Associates Inc. owned 1.63% of YETI worth $48,730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of YETI. Alps Advisors Inc. acquired a new stake in shares of YETI in the third quarter worth $583,000. Kestra Advisory Services LLC acquired a new position in YETI during the third quarter valued at $257,000. Chicago Partners Investment Group LLC lifted its position in YETI by 2.0% during the third quarter. Chicago Partners Investment Group LLC now owns 23,604 shares of the company's stock valued at $1,010,000 after purchasing an additional 471 shares during the period. Covestor Ltd lifted its position in YETI by 27.3% during the third quarter. Covestor Ltd now owns 1,479 shares of the company's stock valued at $60,000 after purchasing an additional 317 shares during the period. Finally, Bridge City Capital LLC lifted its position in YETI by 21.6% during the third quarter. Bridge City Capital LLC now owns 83,199 shares of the company's stock valued at $3,413,000 after purchasing an additional 14,755 shares during the period.

YETI Price Performance

Shares of NYSE YETI opened at $45.91 on Tuesday. 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 $3.35 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.27 and a beta of 1.63. The firm's 50 day simple moving average is $42.06 and its 200-day simple moving average is $43.97. YETI Holdings, Inc. has a 12 month low of $34.90 and a 12 month high of $53.99.

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

Wall Street Analyst Weigh In

Several research firms have commented on YETI. Robert W. Baird upped their price target on shares of YETI from $55.00 to $57.00 and gave the company an "outperform" rating in a report on Friday, August 14th. Wall Street Zen lowered YETI from a "buy" rating to a "hold" rating in a research note on Saturday. The Goldman Sachs Group raised YETI from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $46.00 to $63.00 in a report on Monday, July 20th. UBS Group set a $44.00 price objective on YETI in a report on Thursday, October 15th. Finally, Weiss Ratings upgraded YETI from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, August 21st. Thirteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $55.20.

YETI Profile

YETI Holdings, Inc designs, markets and distributes premium outdoor products. Founded in 2006 by brothers Roy and Ryan Seiders, the company is headquartered in Austin, Texas.

Its product lineup includes hard and soft coolers, insulated drinkware, bags, outdoor and camping equipment, and related accessories. YETI sells through its website, company-operated stores and a network of retail partners.

The company serves customers in the United States and international markets, including Canada, Europe, Australia and parts of Asia.

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