Employees Retirement System of Texas Acquires 12,280 Shares of YETI Holdings, Inc. $YETI

Employees Retirement System of Texas boosted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 60.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,692 shares of the company’s stock after acquiring an additional 12,280 shares during the quarter. Employees Retirement System of Texas’ holdings in YETI were worth $1,444,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of YETI. Integrated Wealth Concepts LLC lifted its holdings in shares of YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after buying an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of YETI by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock valued at $9,527,000 after buying an additional 14,920 shares during the period. M&T Bank Corp lifted its holdings in shares of YETI by 17.6% during the 2nd quarter. M&T Bank Corp now owns 8,648 shares of the company’s stock valued at $272,000 after buying an additional 1,294 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of YETI by 48.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 16,404 shares of the company’s stock valued at $517,000 after buying an additional 5,379 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of YETI by 2.5% during the 2nd quarter. California Public Employees Retirement System now owns 144,069 shares of the company’s stock valued at $4,541,000 after buying an additional 3,507 shares during the period.

YETI Price Performance

Shares of YETI stock opened at $47.08 on Thursday. YETI Holdings, Inc. has a one year low of $29.12 and a one year high of $51.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. The stock has a market cap of $3.57 billion, a P/E ratio of 24.02, a P/E/G ratio of 1.52 and a beta of 1.69. The stock’s fifty day moving average is $39.49 and its 200 day moving average is $42.43.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) 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 business had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. During the same quarter in the prior year, the business posted $0.31 EPS. YETI’s revenue for the quarter was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Sell-side analysts anticipate that YETI Holdings, Inc. will post 2.33 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on YETI. UBS Group cut their target price on shares of YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Wall Street Zen cut YETI from a “buy” rating to a “hold” rating in a report on Sunday, April 19th. Citigroup raised their target price on YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, February 24th. Morgan Stanley raised 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, Piper Sandler raised their target price on YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Nine investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.