YETI Holdings, Inc. $YETI Stake Lifted by Legato Capital Management LLC

Legato Capital Management LLC increased its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 27.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,097 shares of the company’s stock after purchasing an additional 19,289 shares during the period. Legato Capital Management LLC owned 0.11% of YETI worth $2,956,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in YETI. First Eagle Investment Management LLC increased its position in shares of YETI by 2.3% during the 3rd quarter. First Eagle Investment Management LLC now owns 142,400 shares of the company’s stock valued at $4,725,000 after purchasing an additional 3,200 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of YETI by 1.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 157,688 shares of the company’s stock valued at $5,233,000 after buying an additional 2,261 shares during the period. Victory Capital Management Inc. boosted its stake in YETI by 439.0% during the third quarter. Victory Capital Management Inc. now owns 812,056 shares of the company’s stock valued at $26,944,000 after buying an additional 661,398 shares in the last quarter. Elo Mutual Pension Insurance Co acquired a new position in YETI during the third quarter worth about $738,000. Finally, Royce & Associates LP grew its holdings in YETI by 1.2% during the third quarter. Royce & Associates LP now owns 949,461 shares of the company’s stock worth $31,503,000 after acquiring an additional 11,690 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group upped their price target on shares of YETI from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 8th. Citigroup increased their target price on shares of YETI from $44.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. KeyCorp upgraded shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 price target on the stock in a research report on Friday, January 16th. Morgan Stanley set a $48.00 price target on YETI in a report on Friday, January 16th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $50.08.

Insider Activity

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.08% of the stock is owned by company insiders.

YETI Price Performance

YETI opened at $43.36 on Tuesday. The firm has a market capitalization of $3.37 billion, a P/E ratio of 21.36, a PEG ratio of 2.43 and a beta of 1.77. The stock has a fifty day moving average of $46.92 and a 200-day moving average of $40.40. The company has a quick ratio of 1.11, a current ratio of 1.98 and a debt-to-equity ratio of 0.11. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $51.29.

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

YETI Company 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.