Morningstar Investment Management LLC Buys Shares of 16,096 YETI Holdings, Inc. $YETI

Morningstar Investment Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,096 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds have also recently modified their holdings of YETI. Wellington Management Group LLP boosted its stake in shares of YETI by 14.3% during the third quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock valued at $185,089,000 after purchasing an additional 696,983 shares in the last quarter. Baillie Gifford & Co. raised its stake in YETI by 50.9% in the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock worth $174,259,000 after buying an additional 1,330,278 shares in the last quarter. Reinhart Partners LLC. raised its stake in YETI by 14.0% in the fourth quarter. Reinhart Partners LLC. now owns 3,035,561 shares of the company’s stock worth $134,081,000 after buying an additional 373,641 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in YETI by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company’s stock worth $69,043,000 after buying an additional 70,273 shares during the period. Finally, Morgan Stanley lifted its holdings in YETI by 117.5% during the fourth quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock worth $83,232,000 after buying an additional 1,017,947 shares during the period.

YETI Stock Down 0.0%

YETI stock opened at $50.36 on Monday. 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 $3.82 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.59 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. The business has a fifty day moving average price of $48.32 and a 200-day moving average price of $44.54.

YETI (NYSE:YETI) last announced its 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 for the quarter, compared to the consensus estimate of $374.73 million. During the same period in the previous year, the business earned $0.31 EPS. 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. Equities research analysts forecast that YETI Holdings, Inc. will post 2.44 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Weiss Ratings downgraded YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Wall Street Zen upgraded YETI from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price objective on shares of YETI in a research report on Friday, May 15th. Morgan Stanley set a $45.00 target price on YETI in a research note on Tuesday, June 23rd. Finally, UBS Group boosted their target price on shares of YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.