Quantedge Capital Pte Ltd Acquires New Shares in YETI Holdings, Inc. $YETI

Quantedge Capital Pte Ltd acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI) during the first quarter, Holdings Channel.com reports. The fund acquired 24,700 shares of the company’s stock, valued at approximately $904,000.

Several other large investors have also added to or reduced their stakes in YETI. L. Roy Papp & Associates LLP grew its holdings in YETI by 0.5% during the 4th quarter. L. Roy Papp & Associates LLP now owns 53,095 shares of the company’s stock valued at $2,345,000 after buying an additional 240 shares in the last quarter. Cardinal Point Capital Management ULC lifted its holdings in shares of YETI by 0.7% in the fourth quarter. Cardinal Point Capital Management ULC now owns 41,845 shares of the company’s stock worth $1,848,000 after buying an additional 300 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of YETI by 91.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after buying an additional 309 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of YETI by 6.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $250,000 after acquiring an additional 321 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of YETI by 35.4% in the fourth quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock valued at $55,000 after acquiring an additional 327 shares during the period.

YETI Stock Up 0.3%

Shares of NYSE YETI opened at $50.98 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $47.70 and a 200-day moving average of $44.42. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of 26.01, a PEG ratio of 1.60 and a beta of 1.73. YETI Holdings, Inc. has a 12 month low of $30.51 and a 12 month high of $53.21.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on YETI shares. Morgan Stanley set a $45.00 price objective on shares of YETI in a research note on Tuesday, June 23rd. UBS Group increased their target price on shares of YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Stifel Nicolaus set a $42.00 price target on shares of YETI in a research report on Friday, May 15th. Wall Street Zen upgraded shares of YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Robert W. Baird upped their price target on shares of YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $52.83.

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.