NFJ Investment Group LLC Sells 166,496 Shares of YETI Holdings, Inc. $YETI

NFJ Investment Group LLC decreased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 71.0% in the fourth quarter, Holdings Channel reports. The fund owned 68,100 shares of the company’s stock after selling 166,496 shares during the quarter. NFJ Investment Group LLC’s holdings in YETI were worth $3,008,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of YETI by 14.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock valued at $185,089,000 after acquiring an additional 696,983 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in shares of YETI by 50.9% in the 4th quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock valued at $174,259,000 after acquiring an additional 1,330,278 shares during the last quarter. Reinhart Partners LLC. lifted its holdings in shares of YETI by 14.0% in the 4th quarter. Reinhart Partners LLC. now owns 3,035,561 shares of the company’s stock valued at $134,081,000 after acquiring an additional 373,641 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of YETI by 38.1% in the 3rd quarter. American Century Companies Inc. now owns 1,981,953 shares of the company’s stock valued at $65,761,000 after acquiring an additional 547,098 shares during the last quarter. Finally, Morgan Stanley lifted its holdings in shares of YETI by 117.5% in the 4th quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock valued at $83,232,000 after acquiring an additional 1,017,947 shares during the last quarter.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of analyst reports. Citigroup increased their price target on shares of YETI from $44.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Roth Mkm raised shares of YETI from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research report on Tuesday, February 17th. Morgan Stanley increased their price objective on shares of YETI from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Piper Sandler increased their price objective on shares of YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Finally, Robert W. Baird increased their price objective on shares of YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.42.

YETI Stock Performance

Shares of NYSE:YETI opened at $50.42 on Monday. The firm has a market cap of $3.82 billion, a PE ratio of 25.73, a price-to-earnings-growth ratio of 1.59 and a beta of 1.74. The firm’s 50 day simple moving average is $42.26 and its 200-day simple moving average is $43.34. YETI Holdings, Inc. has a one year low of $29.12 and a one year high of $51.49. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The company had revenue of $380.41 million for the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. YETI’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.44 EPS for the current year.

YETI Profile

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.