William Blair Investment Management LLC Reduces Holdings in YETI Holdings, Inc. $YETI

William Blair Investment Management LLC trimmed its stake in YETI Holdings, Inc. (NYSE:YETI) by 5.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 507,420 shares of the company’s stock after selling 30,661 shares during the quarter. William Blair Investment Management LLC’s holdings in YETI were worth $16,836,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LRI Investments LLC increased its stake in YETI by 8.0% in the third quarter. LRI Investments LLC now owns 4,170 shares of the company’s stock valued at $138,000 after purchasing an additional 309 shares during the last quarter. Arizona State Retirement System raised its holdings in YETI by 1.4% in the third quarter. Arizona State Retirement System now owns 24,506 shares of the company’s stock valued at $813,000 after buying an additional 346 shares during the period. Versant Capital Management Inc raised its holdings in YETI by 2.7% in the third quarter. Versant Capital Management Inc now owns 13,311 shares of the company’s stock valued at $442,000 after buying an additional 354 shares during the period. Moody National Bank Trust Division lifted its position in YETI by 2.5% during the third quarter. Moody National Bank Trust Division now owns 14,740 shares of the company’s stock valued at $489,000 after buying an additional 356 shares in the last quarter. Finally, Assetmark Inc. grew its stake in YETI by 6.9% during the third quarter. Assetmark Inc. now owns 7,388 shares of the company’s stock worth $245,000 after buying an additional 479 shares during the period.

YETI Stock Performance

Shares of YETI stock opened at $43.36 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.98 and a quick ratio of 1.11. The company’s fifty day moving average price is $46.92 and its two-hundred day moving average price is $40.40. The firm has a market capitalization of $3.37 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.43 and a beta of 1.77. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $51.29.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. YETI had a return on equity of 22.53% and a net margin of 8.85%.The business had revenue of $583.71 million for the quarter, compared to analyst estimates of $582.43 million. During the same period in the previous year, the company earned $1.00 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. On average, research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

YETI has been the subject of several recent research reports. B. Riley Financial raised shares of YETI from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $54.00 in a research report on Friday, February 20th. Robert W. Baird increased their price target on YETI from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. Roth Mkm raised YETI from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a research report on Tuesday, February 17th. Finally, Morgan Stanley set a $48.00 target price on YETI in a research note on Friday, January 16th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.08.

Insider Transactions at YETI

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the sale, the senior vice president directly owned 56,397 shares in the company, valued at $2,555,912.04. The trade was a 14.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.08% of the stock is owned by corporate insiders.

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.