Picton Mahoney Asset Management Invests $749,000 in YETI Holdings, Inc. $YETI

Picton Mahoney Asset Management purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) during the third quarter, HoldingsChannel reports. The firm purchased 22,547 shares of the company’s stock, valued at approximately $749,000.

Several other hedge funds have also added to or reduced their stakes in YETI. Reinhart Partners LLC. raised its holdings in YETI by 24.2% in the 3rd quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock valued at $88,323,000 after acquiring an additional 519,102 shares during the period. Level Four Advisory Services LLC lifted its position in YETI by 26.6% during the second quarter. Level Four Advisory Services LLC now owns 50,302 shares of the company’s stock worth $1,586,000 after acquiring an additional 10,577 shares during the last quarter. Cardinal Capital Management acquired a new stake in YETI during the third quarter worth approximately $1,077,000. Lecap Asset Management Ltd. bought a new stake in shares of YETI during the third quarter worth approximately $744,000. Finally, WCM Investment Management LLC grew its position in shares of YETI by 19.0% in the third quarter. WCM Investment Management LLC now owns 563,881 shares of the company’s stock valued at $19,240,000 after purchasing an additional 90,158 shares during the last quarter.

Insider Buying and Selling at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the sale, the senior vice president directly owned 56,397 shares of the company’s stock, valued at approximately $2,555,912.04. This represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.94% of the company’s stock.

YETI Stock Down 3.8%

NYSE YETI opened at $40.42 on Friday. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.25 and a beta of 1.77. The company has a 50 day moving average of $46.67 and a 200-day moving average of $40.57. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $51.29.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. YETI had a return on equity of 22.53% and a net margin of 8.85%.The business had revenue of $583.71 million for the quarter, compared to the consensus estimate of $582.43 million. During the same quarter in the prior year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on YETI. Roth Mkm upgraded YETI from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, February 17th. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. B. Riley Financial raised YETI from a “neutral” rating to a “buy” rating and upped their price objective for the company from $35.00 to $54.00 in a report on Friday, February 20th. UBS Group increased their price objective on YETI from $38.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Finally, Robert W. Baird boosted their target price on shares of YETI from $52.00 to $54.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $50.08.

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.