Cardinal Capital Management Buys Shares of 32,462 YETI Holdings, Inc. $YETI

Cardinal Capital Management bought a new position in YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 32,462 shares of the company’s stock, valued at approximately $1,077,000.

Several other hedge funds have also recently made changes to their positions in YETI. Harbor Capital Advisors Inc. lifted its holdings in YETI by 66.7% during the second quarter. Harbor Capital Advisors Inc. now owns 204,219 shares of the company’s stock valued at $6,437,000 after purchasing an additional 81,720 shares during the last quarter. ZWJ Investment Counsel Inc. purchased a new position in YETI in the 2nd quarter valued at approximately $248,000. Strs Ohio bought a new stake in YETI during the 1st quarter valued at $964,000. Congress Asset Management Co. lifted its position in shares of YETI by 1.6% during the second quarter. Congress Asset Management Co. now owns 1,237,425 shares of the company’s stock worth $39,004,000 after acquiring an additional 19,459 shares in the last quarter. Finally, Reinhart Partners LLC. lifted its position in shares of YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after acquiring an additional 1,080,072 shares in the last quarter.

YETI Trading Up 0.2%

Shares of YETI opened at $49.27 on Friday. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $50.34. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $41.78 and its 200-day moving average price is $37.05. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.74 and a beta of 1.77.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. YETI’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Upgrades and Downgrades

YETI has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Morgan Stanley lifted their price objective on YETI from $37.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday, October 27th. UBS Group boosted their price objective on YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. B. Riley reiterated a “neutral” rating and set a $35.00 price objective (up from $32.00) on shares of YETI in a research report on Monday, November 10th. Finally, Stifel Nicolaus boosted their target price on YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, YETI has an average rating of “Hold” and an average target price of $39.82.

Insider Buying and Selling at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. The trade was a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.94% of the stock is owned by company insiders.

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.