Public Employees Retirement System of Ohio Invests $9.36 Million in YETI Holdings, Inc. $YETI

Public Employees Retirement System of Ohio acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 188,824 shares of the company’s stock, valued at approximately $9,358,000. Public Employees Retirement System of Ohio owned about 0.26% of YETI as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in YETI. Ancora Advisors LLC raised its position in YETI by 104.3% during the second quarter. Ancora Advisors LLC now owns 2,940 shares of the company’s stock valued at $146,000 after purchasing an additional 1,501 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of YETI during the 2nd quarter valued at about $57,971,000. Handelsbanken Fonder AB increased its position in shares of YETI by 165.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 482,858 shares of the company’s stock valued at $23,930,000 after purchasing an additional 300,958 shares during the last quarter. Reinhart Partners LLC. raised its holdings in shares of YETI by 5.1% during the 2nd quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock valued at $162,423,000 after buying an additional 158,957 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in YETI by 4.3% in the 2nd quarter. GAMMA Investing LLC now owns 5,113 shares of the company’s stock worth $253,000 after buying an additional 211 shares during the last quarter.

Wall Street Analysts Forecast Growth

YETI has been the subject of several research reports. Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. The Goldman Sachs Group upgraded shares of YETI from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $63.00 in a report on Monday, July 20th. Morgan Stanley upped their price objective on shares of YETI from $48.00 to $49.00 and gave the company an “equal weight” rating in a research note on Thursday, August 20th. Canaccord Genuity Group raised their price target on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of YETI in a research note on Thursday, August 13th. Ten equities 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.57.

YETI Price Performance

YETI stock opened at $41.02 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. YETI Holdings, Inc. has a 1 year low of $31.66 and a 1 year high of $53.99. The firm has a 50-day moving average of $48.32 and a 200 day moving average of $44.39. The company has a market cap of $2.99 billion, a P/E ratio of 17.91, a PEG ratio of 1.08 and a beta of 1.72.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%.The business had revenue of $483.87 million for the quarter, compared to analysts’ expectations of $483.80 million. During the same period in the previous year, the firm posted $0.66 EPS. The business’s revenue was up 8.5% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, sell-side analysts forecast that YETI Holdings, Inc. will post 2.58 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.