Edgestream Partners L.P. Makes New Investment in YETI Holdings, Inc. $YETI

Edgestream Partners L.P. bought a new position in YETI Holdings, Inc. (NYSE:YETI) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 120,423 shares of the company’s stock, valued at approximately $4,406,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janus Henderson Group PLC grew its stake in YETI by 4.3% in the first quarter. Janus Henderson Group PLC now owns 367,082 shares of the company’s stock worth $13,432,000 after purchasing an additional 15,154 shares during the period. Amundi raised its holdings in YETI by 56.7% in the first quarter. Amundi now owns 15,756 shares of the company’s stock worth $577,000 after purchasing an additional 5,703 shares in the last quarter. California State Teachers Retirement System raised its holdings in YETI by 21.5% in the first quarter. California State Teachers Retirement System now owns 94,803 shares of the company’s stock worth $3,469,000 after purchasing an additional 16,804 shares in the last quarter. Empowered Funds LLC lifted its position in YETI by 2,858.7% during the first quarter. Empowered Funds LLC now owns 289,125 shares of the company’s stock valued at $10,579,000 after buying an additional 279,353 shares during the period. Finally, Quantinno Capital Management LP lifted its position in YETI by 46.0% during the first quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock valued at $68,467,000 after buying an additional 589,205 shares during the period.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stifel Nicolaus set a $42.00 target price on shares of YETI in a research report on Friday, May 15th. Weiss Ratings cut shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. The Goldman Sachs Group raised shares of YETI from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $46.00 to $63.00 in a research note on Monday, July 20th. Morgan Stanley set a $45.00 price objective on shares of YETI in a report on Tuesday, June 23rd. Finally, Canaccord Genuity Group raised their target price on shares of YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $52.83.

YETI Trading Down 1.2%

YETI stock opened at $49.03 on Friday. YETI Holdings, Inc. has a 12 month low of $30.51 and a 12 month high of $53.21. The company has a market capitalization of $3.71 billion, a price-to-earnings ratio of 25.02, a price-to-earnings-growth ratio of 1.56 and a beta of 1.73. The business’s fifty day simple moving average is $49.00 and its two-hundred day simple moving average is $44.64. The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last issued 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. The firm had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. YETI had a return on equity of 22.61% and a net margin of 8.36%.The company’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, equities analysts predict 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.