WCM Investment Management LLC Lowers Holdings in YETI Holdings, Inc. $YETI

WCM Investment Management LLC lowered its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 42.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 255,906 shares of the company’s stock after selling 186,615 shares during the period. WCM Investment Management LLC’s holdings in YETI were worth $9,090,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of YETI. Congress Asset Management Co. boosted its stake in shares of YETI by 4.8% during the 4th quarter. Congress Asset Management Co. now owns 1,293,164 shares of the company’s stock worth $57,119,000 after acquiring an additional 59,474 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of YETI by 16,553.6% in the 4th quarter. SG Americas Securities LLC now owns 747,747 shares of the company’s stock valued at $33,028,000 after purchasing an additional 743,257 shares in the last quarter. Baillie Gifford & Co. increased its stake in shares of YETI by 50.9% in the 4th quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock valued at $174,259,000 after purchasing an additional 1,330,278 shares in the last quarter. M&T Bank Corp raised its holdings in YETI by 240.7% in the 4th quarter. M&T Bank Corp now owns 38,006 shares of the company’s stock worth $1,679,000 after purchasing an additional 26,851 shares during the period. Finally, Hillsdale Investment Management Inc. raised its holdings in YETI by 21,066.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company’s stock worth $3,485,000 after purchasing an additional 94,800 shares during the period.

YETI Stock Performance

NYSE YETI opened at $50.91 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $47.48 and its 200-day simple moving average is $44.37. The company has a market cap of $3.86 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.61 and a beta of 1.73. YETI Holdings, Inc. has a 1-year low of $30.51 and a 1-year high of $53.21.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.26 EPS 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 firm had revenue of $380.41 million during the quarter, compared to analysts’ expectations of $374.73 million. During the same period in the previous year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, equities research analysts anticipate that YETI Holdings, Inc. will post 2.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on YETI shares. The Goldman Sachs Group raised YETI from a “neutral” rating to a “buy” rating and raised their price objective for the company from $46.00 to $63.00 in a report on Monday. Canaccord Genuity Group increased their target price on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Raymond James Financial reiterated an “outperform” rating and set a $55.00 target price on shares of YETI in a research report on Friday, May 15th. Wall Street Zen upgraded shares of YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Stifel Nicolaus set a $42.00 price objective on shares of YETI in a report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $52.83.

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.