Fort Washington Investment Advisors Inc. OH grew its holdings in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 30.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 677,360 shares of the company’s stock after purchasing an additional 159,450 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in YETI were worth $24,785,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Baillie Gifford & Co. boosted its holdings in YETI by 50.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock worth $174,259,000 after purchasing an additional 1,330,278 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new stake in YETI in the 3rd quarter valued at $36,150,000. Morgan Stanley lifted its position in YETI by 117.5% during the 4th quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock worth $83,232,000 after buying an additional 1,017,947 shares in the last quarter. Clark Capital Management Group Inc. bought a new stake in YETI during the 4th quarter worth about $44,666,000. Finally, Disciplined Growth Investors Inc. MN acquired a new position in shares of YETI during the 3rd quarter worth about $25,640,000.
YETI Stock Performance
Shares of YETI stock opened at $51.21 on Monday. The company has a fifty day moving average price of $44.63 and a two-hundred day moving average price of $43.83. YETI Holdings, Inc. has a one year low of $30.15 and a one year high of $51.89. The stock has a market cap of $3.88 billion, a P/E ratio of 26.13, a P/E/G ratio of 1.61 and a beta of 1.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06.
YETI News Summary
Here are the key news stories impacting YETI this week:
- Positive Sentiment: Multiple shopping articles spotlight Prime Day discounts on YETI coolers and drinkware, including savings of up to 30% and even 40% on some items, which could boost traffic and sales volume for the brand. The Best Prime Day Cooler Deals on Yeti, Ninja, Igloo, and More
- Positive Sentiment: Coverage of “YETI’s best sale of the year” at REI and other retailer promotions suggests strong consumer interest and promotional visibility for the company’s premium outdoor products. Yeti’s best sale of the year is hiding at REI right now
- Positive Sentiment: Analysts continue to view the stock favorably, with one note saying YETI has a consensus rating of “Moderate Buy,” which can reinforce investor confidence. YETI Holdings, Inc. (NYSE:YETI) Given Consensus Rating of “Moderate Buy” by Analysts
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on YETI shares. Canaccord Genuity Group raised their price objective on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Morgan Stanley set a $45.00 target price on YETI in a report on Tuesday, June 23rd. Wall Street Zen downgraded YETI from a “buy” rating to a “hold” rating in a research note on Sunday, June 21st. Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Robert W. Baird upped their price objective on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $50.42.
Read Our Latest Analysis on YETI
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.
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