YETI Holdings, Inc. $YETI Stock Position Lessened by SummitTX Capital L.P.

SummitTX Capital L.P. trimmed its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 71.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,241 shares of the company’s stock after selling 18,297 shares during the period. SummitTX Capital L.P.’s holdings in YETI were worth $265,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on YETI shares. The Goldman Sachs Group raised shares of YETI from a “neutral” rating to a “buy” rating and upped their price target for the stock from $46.00 to $63.00 in a research note on Monday, July 20th. Canaccord Genuity Group boosted their target price on YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. UBS Group upped their target price on YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Wall Street Zen upgraded YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Morgan Stanley set a $45.00 price target on YETI in a research note on Tuesday, June 23rd. Ten investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.83.

YETI Stock Down 1.2%

YETI stock opened at $49.03 on Friday. The firm has a market cap of $3.71 billion, a PE ratio of 25.02, a P/E/G ratio of 1.54 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. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06. The firm has a 50 day simple moving average of $49.00 and a 200 day simple moving average of $44.64.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.09. The firm 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%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Equities research analysts forecast that YETI Holdings, Inc. will post 2.44 earnings per share 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.