Louisiana State Employees Retirement System Purchases Shares of 22,600 YETI Holdings, Inc. $YETI

Louisiana State Employees Retirement System acquired a new position in shares of YETI Holdings, Inc. (NYSE:YETI) in the first quarter, Holdings Channel reports. The institutional investor acquired 22,600 shares of the company’s stock, valued at approximately $827,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Richardson Financial Services Inc. bought a new position in YETI during the 4th quarter worth approximately $25,000. Blue Trust Inc. boosted its stake in shares of YETI by 2,079.3% in the 4th quarter. Blue Trust Inc. now owns 632 shares of the company’s stock valued at $28,000 after purchasing an additional 603 shares during 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 buying an additional 309 shares during the period. Quarry LP acquired a new stake in shares of YETI during the third quarter worth $30,000. Finally, Safe Harbor Fiduciary LLC bought a new position in YETI during the fourth quarter worth $41,000.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on YETI shares. Stifel Nicolaus set a $42.00 target price on shares of YETI in a report on Friday, May 15th. Robert W. Baird increased their price target on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canaccord Genuity Group lifted their price objective on YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Weiss Ratings downgraded YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research note on Saturday. Nine 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 currently has a consensus rating of “Moderate Buy” and an average target price of $50.42.

YETI Stock Down 0.3%

Shares of NYSE YETI opened at $49.54 on Monday. The firm has a market cap of $3.75 billion, a PE ratio of 25.28, a P/E/G ratio of 1.57 and a beta of 1.73. YETI Holdings, Inc. has a 12-month low of $30.51 and a 12-month high of $51.89. The company’s fifty day simple moving average is $45.53 and its 200 day simple moving average is $44.01. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10.

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 the consensus estimate of $0.17 by $0.09. YETI had a net margin of 8.36% and a return on equity of 22.61%. The firm had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. During the same period in the previous year, the firm posted $0.31 earnings per share. 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. As a group, sell-side analysts forecast that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

YETI Company 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.