Clearbridge Investments LLC Sells 51,956 Shares of YETI Holdings, Inc. $YETI

Clearbridge Investments LLC cut its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,399 shares of the company’s stock after selling 51,956 shares during the quarter. Clearbridge Investments LLC’s holdings in YETI were worth $9,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in YETI. Baillie Gifford & Co. boosted its position in shares of YETI by 50.9% during the fourth 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. Cooper Creek Partners Management LLC bought a new stake in YETI in the third quarter worth $36,150,000. Disciplined Growth Investors Inc. MN bought a new stake in YETI in the third quarter worth $25,640,000. SG Americas Securities LLC boosted its holdings in YETI by 16,553.6% in the fourth quarter. SG Americas Securities LLC now owns 747,747 shares of the company’s stock worth $33,028,000 after acquiring an additional 743,257 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in YETI by 14.3% in the third quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock worth $185,089,000 after acquiring an additional 696,983 shares in the last quarter.

YETI Stock Down 1.8%

YETI stock opened at $48.41 on Thursday. YETI Holdings, Inc. has a 1-year low of $29.12 and a 1-year high of $51.29. The business has a fifty day moving average price of $41.71 and a 200-day moving average price of $43.18. 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 has a market capitalization of $3.67 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.55 and a beta of 1.74.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share 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 quarter in the previous year, the business earned $0.31 earnings per share. The company’s revenue was up 8.3% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Equities analysts forecast that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

YETI has been the topic of several analyst reports. Robert W. Baird boosted their target price on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. UBS Group dropped their target price on YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Raymond James Financial reissued an “outperform” rating and issued a $55.00 target price on shares of YETI in a report on Friday, May 15th. Morgan Stanley boosted their target price on YETI from $47.00 to $48.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. Finally, Stifel Nicolaus set a $42.00 target price on YETI in a report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, YETI has an average rating of “Moderate Buy” and a consensus target price of $50.42.

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.