YETI Holdings, Inc. $YETI Stake Trimmed by SummitTX Capital L.P.

SummitTX Capital L.P. lessened its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 71.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 also recently made changes to their positions in the company. Richardson Financial Services Inc. purchased a new position in shares of YETI in the fourth quarter worth approximately $25,000. Blue Trust Inc. boosted 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 purchasing an additional 603 shares during the period. SBI Securities Co. Ltd. grew its position in YETI by 91.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Quarry LP acquired a new stake in YETI during the 3rd quarter valued at $30,000. Finally, Safe Harbor Fiduciary LLC acquired a new stake in YETI during the 4th quarter valued at $41,000.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price on shares of YETI in a research report on Friday, May 15th. Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. UBS Group increased their price objective on YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Morgan Stanley set a $45.00 price objective on YETI in a research report on Tuesday, June 23rd. Finally, Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, YETI has a consensus rating of “Moderate Buy” and an average price target of $52.83.

YETI Stock Performance

Shares of NYSE YETI opened at $49.03 on Friday. The business’s 50-day moving average price is $49.00 and its two-hundred day moving average price is $44.64. 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 Holdings, Inc. has a one year low of $30.51 and a one year high of $53.21. The company has a market capitalization of $3.71 billion, a P/E ratio of 25.02, a price-to-earnings-growth ratio of 1.54 and a beta of 1.73.

YETI (NYSE:YETI) last issued its earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $374.73 million. During the same period in the prior year, the firm posted $0.31 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Analysts anticipate that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

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.