Employees Retirement System of Texas Raises Stock Position in YETI Holdings, Inc. $YETI

Employees Retirement System of Texas boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 60.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,692 shares of the company’s stock after purchasing an additional 12,280 shares during the quarter. Employees Retirement System of Texas’ holdings in YETI were worth $1,444,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in YETI. Richardson Financial Services Inc. purchased a new position in shares of YETI during the fourth quarter valued at about $25,000. Blue Trust Inc. grew its position in shares of YETI by 2,079.3% during the fourth quarter. Blue Trust Inc. now owns 632 shares of the company’s stock valued at $28,000 after purchasing an additional 603 shares in the last quarter. SBI Securities Co. Ltd. grew 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 valued at $29,000 after purchasing an additional 309 shares in the last quarter. Quarry LP purchased a new position in shares of YETI during the third quarter valued at about $30,000. Finally, Abich Financial Wealth Management LLC purchased a new position in shares of YETI during the third quarter valued at about $39,000.

YETI Stock Up 2.3%

Shares of NYSE YETI opened at $47.08 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 24.02, a PEG ratio of 1.52 and a beta of 1.69. The stock has a 50 day moving average price of $39.49 and a 200 day moving average price of $42.43. YETI Holdings, Inc. has a 52-week low of $29.12 and a 52-week high of $51.29.

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

Wall Street Analyst Weigh In

YETI has been the subject of a number of research analyst reports. Roth Mkm upgraded YETI from a “neutral” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Tuesday, February 17th. Piper Sandler raised their price objective on YETI from $43.00 to $54.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Wall Street Zen lowered YETI from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. Stifel Nicolaus set a $42.00 price objective on YETI in a research report on Friday, May 15th. Finally, Canaccord Genuity Group lifted their price objective on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.42.

About YETI

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.