Legato Capital Management LLC Lowers Stock Holdings in YETI Holdings, Inc. $YETI

Legato Capital Management LLC reduced its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 41.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,209 shares of the company’s stock after selling 36,888 shares during the period. Legato Capital Management LLC owned about 0.07% of YETI worth $2,306,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of YETI. Wellington Management Group LLP boosted its holdings in YETI by 14.3% in the third quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock valued at $185,089,000 after purchasing an additional 696,983 shares during the period. Baillie Gifford & Co. boosted its holdings in YETI by 50.9% in the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock valued at $174,259,000 after purchasing an additional 1,330,278 shares during the period. American Century Companies Inc. boosted its holdings in YETI by 38.1% in the third quarter. American Century Companies Inc. now owns 1,981,953 shares of the company’s stock valued at $65,761,000 after purchasing an additional 547,098 shares during the period. Dimensional Fund Advisors LP boosted its holdings in YETI by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,847,025 shares of the company’s stock valued at $61,291,000 after purchasing an additional 41,766 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in YETI by 4.8% in the fourth quarter. Congress Asset Management Co. now owns 1,293,164 shares of the company’s stock valued at $57,119,000 after purchasing an additional 59,474 shares during the period.

YETI Stock Up 2.9%

YETI stock opened at $45.25 on Friday. YETI Holdings, Inc. has a 1-year low of $28.98 and a 1-year high of $51.29. 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 stock has a market cap of $3.43 billion, a PE ratio of 23.09, a P/E/G ratio of 1.49 and a beta of 1.69. The stock’s fifty day moving average is $38.91 and its two-hundred day moving average is $42.11.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. YETI had a return on equity of 22.61% and a net margin of 8.36%.The company had revenue of $380.41 million for the quarter, compared to analysts’ expectations of $374.73 million. During the same period last year, the firm earned $0.31 earnings per share. YETI’s quarterly revenue was up 8.3% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. On average, sell-side analysts expect that YETI Holdings, Inc. will post 2.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group decreased their target price on YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, April 7th. Roth Mkm upgraded YETI from a “neutral” rating to a “buy” rating and set a $60.00 target price for the company in a report on Tuesday, February 17th. Robert W. Baird lifted their target price on YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of YETI in a report on Friday, May 15th. Finally, Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, YETI has a consensus rating of “Moderate Buy” and a consensus price target of $50.42.

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.