OP Asset Management Ltd Takes Position in YETI Holdings, Inc. $YETI

OP Asset Management Ltd purchased a new position in YETI Holdings, Inc. (NYSE:YETI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 19,593 shares of the company’s stock, valued at approximately $717,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its holdings in shares of YETI by 39.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 6,150 shares of the company’s stock worth $272,000 after purchasing an additional 1,734 shares during the last quarter. Corient Private Wealth LLC boosted its stake in YETI by 8.8% during the fourth quarter. Corient Private Wealth LLC now owns 51,247 shares of the company’s stock worth $2,264,000 after buying an additional 4,130 shares during the last quarter. EP Wealth Advisors LLC acquired a new position in YETI during the fourth quarter worth $233,000. XTX Topco Ltd purchased a new stake in YETI in the 4th quarter valued at $2,480,000. Finally, Voloridge Investment Management LLC grew its holdings in YETI by 444.7% in the 4th quarter. Voloridge Investment Management LLC now owns 142,443 shares of the company’s stock valued at $6,292,000 after buying an additional 116,290 shares in the last quarter.

YETI Stock Performance

Shares of YETI stock opened at $49.63 on Wednesday. The firm has a market cap of $3.76 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.74. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. YETI Holdings, Inc. has a 52 week low of $30.51 and a 52 week high of $51.89. The business’s fifty day simple moving average is $45.03 and its 200-day simple moving average is $43.91.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.09. The firm had revenue of $380.41 million for the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. YETI’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. 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 year.

Analyst Ratings Changes

Several research firms have recently commented on YETI. UBS Group reduced their price target on YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Robert W. Baird upped their price objective on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Wall Street Zen cut shares of YETI from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Canaccord Genuity Group lifted their target price on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of YETI in a report on Friday, May 15th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.