YETI Holdings, Inc. $YETI Holdings Reduced by Engaged Capital LLC

Engaged Capital LLC lowered its holdings in YETI Holdings, Inc. (NYSE:YETI) by 12.2% in the 1st quarter, Holdings Channel reports. The firm owned 1,784,095 shares of the company’s stock after selling 248,600 shares during the period. YETI accounts for 21.5% of Engaged Capital LLC’s portfolio, making the stock its 2nd biggest holding. Engaged Capital LLC’s holdings in YETI were worth $65,280,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of YETI. Richardson Financial Services Inc. purchased a new stake in shares of YETI during the fourth quarter valued at $25,000. Blue Trust Inc. raised its position in YETI by 2,079.3% in the 4th quarter. Blue Trust Inc. now owns 632 shares of the company’s stock worth $28,000 after buying an additional 603 shares during the last quarter. SBI Securities Co. Ltd. raised its position in YETI by 91.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after buying an additional 309 shares during the last quarter. Quarry LP bought a new position in YETI during the 3rd quarter valued at about $30,000. Finally, Safe Harbor Fiduciary LLC bought a new position in YETI during the 4th quarter valued at about $41,000.

YETI Price Performance

Shares of NYSE:YETI opened at $50.93 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.86 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.59 and a beta of 1.73. The firm’s 50 day moving average price is $48.49 and its 200-day moving average price is $44.56. YETI Holdings, Inc. has a twelve month low of $30.51 and a twelve 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 (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. YETI had a net margin of 8.36% and a return on equity of 22.61%. The company had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. During the same period in the previous year, the business posted $0.31 earnings per share. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Equities research analysts expect that YETI Holdings, Inc. will post 2.44 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on YETI shares. UBS Group lifted their price target 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. Weiss Ratings downgraded shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. The Goldman Sachs Group upgraded shares of YETI from a “neutral” rating to a “buy” rating and raised their target price for the stock from $46.00 to $63.00 in a report on Monday, July 20th. Robert W. Baird lifted their target price 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. Finally, Stifel Nicolaus set a $42.00 target price on shares of YETI in a research note on Friday, May 15th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.