Renaissance Technologies LLC Increases Position in YETI Holdings, Inc. $YETI

Renaissance Technologies LLC grew its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 105.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 85,500 shares of the company’s stock after buying an additional 43,900 shares during the period. Renaissance Technologies LLC’s holdings in YETI were worth $3,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Richardson Financial Services Inc. bought a new stake in shares of YETI during the 4th quarter worth approximately $25,000. Blue Trust Inc. grew its stake 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 acquiring an additional 603 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new position in YETI in the third quarter worth approximately $30,000. Finally, Safe Harbor Fiduciary LLC bought a new position in YETI in the fourth quarter worth approximately $41,000.

YETI Trading Up 0.5%

Shares of NYSE:YETI opened at $52.13 on Friday. YETI Holdings, Inc. has a 12-month low of $31.56 and a 12-month high of $53.99. The business’s fifty day simple moving average is $49.52 and its 200-day simple moving average is $44.71. The company has a market capitalization of $3.95 billion, a PE ratio of 26.60, a P/E/G ratio of 1.65 and a beta of 1.72. The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10.

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

Wall Street Analyst Weigh In

YETI has been the subject of a number of research analyst reports. Canaccord Genuity Group lifted their target price on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group raised YETI from a “neutral” rating to a “buy” rating and increased their price target for the stock from $46.00 to $63.00 in a research report on Monday, July 20th. Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Morgan Stanley set a $45.00 price objective on shares of YETI in a research note on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of YETI from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.