Reinhart Partners LLC. Purchases 158,957 Shares of YETI Holdings, Inc. $YETI

Reinhart Partners LLC. grew its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 5.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 3,277,296 shares of the company’s stock after buying an additional 158,957 shares during the quarter. YETI accounts for approximately 3.7% of Reinhart Partners LLC.’s investment portfolio, making the stock its 6th largest holding. Reinhart Partners LLC.’s holdings in YETI were worth $162,423,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of YETI. Baillie Gifford & Co. boosted its holdings 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 worth $174,259,000 after acquiring an additional 1,330,278 shares in the last quarter. Cooper Creek Partners Management LLC acquired a new stake in YETI during the 3rd quarter valued at $36,150,000. Morgan Stanley raised its position in YETI by 117.5% in the 4th quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock valued at $83,232,000 after purchasing an additional 1,017,947 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in YETI in the 4th quarter valued at $44,666,000. Finally, Disciplined Growth Investors Inc. MN bought a new position in YETI in the 3rd quarter valued at $25,640,000.

YETI Stock Up 0.5%

Shares of YETI opened at $52.13 on Friday. The business’s fifty day moving average price is $49.52 and its two-hundred day moving average price is $44.71. The firm has a market capitalization of $3.95 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 1.64 and a beta of 1.72. YETI Holdings, Inc. has a 52 week low of $31.56 and a 52 week high of $53.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10.

YETI (NYSE:YETI) last released its earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. YETI had a return on equity of 22.61% and a net margin of 8.36%.The company had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. On average, analysts predict that YETI Holdings, Inc. will post 2.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on YETI. Stifel Nicolaus set a $42.00 target price on YETI in a report on Friday, May 15th. Canaccord Genuity Group lifted their price target on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Raymond James Financial reiterated an “outperform” rating and set a $55.00 price target on shares of YETI in a research report on Friday, May 15th. Wall Street Zen raised shares of YETI from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Weiss Ratings cut shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.83.

YETI 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.