Fifth Third Bancorp Has $1.11 Million Position in YETI Holdings, Inc. $YETI

Fifth Third Bancorp boosted its position in YETI Holdings, Inc. (NYSE:YETI) by 4,318.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 30,308 shares of the company’s stock after buying an additional 29,622 shares during the period. Fifth Third Bancorp’s holdings in YETI were worth $1,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Richardson Financial Services Inc. acquired a new stake in YETI in the 4th quarter worth about $25,000. Blue Trust Inc. boosted its holdings in YETI by 2,079.3% in the 4th quarter. Blue Trust Inc. now owns 632 shares of the company’s stock valued at $28,000 after purchasing an additional 603 shares during the period. SBI Securities Co. Ltd. boosted its holdings in YETI by 91.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the period. Quarry LP acquired a new position in shares of YETI during the 3rd quarter worth approximately $30,000. Finally, Safe Harbor Fiduciary LLC acquired a new position in shares of YETI during the 4th quarter worth approximately $41,000.

YETI Price Performance

Shares of NYSE:YETI opened at $50.36 on Friday. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 25.70, a PEG ratio of 1.59 and a beta of 1.73. 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 firm has a 50 day simple moving average of $48.32 and a 200 day simple moving average of $44.55. YETI Holdings, Inc. has a one year low of $30.51 and a one year high of $53.21.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, beating 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 company had revenue of $380.41 million for the quarter, compared to the consensus estimate of $374.73 million. During the same quarter last year, the business posted $0.31 EPS. YETI’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. Research analysts predict that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on YETI shares. UBS Group lifted their price target on shares of YETI from $45.00 to $51.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Stifel Nicolaus set a $42.00 price objective on YETI in a research note on Friday, May 15th. Weiss Ratings cut YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Raymond James Financial reiterated an “outperform” rating and set a $55.00 target price on shares of YETI in a research report on Friday, May 15th. Finally, Canaccord Genuity Group upped their target price on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Ten equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $52.83.

YETI Company 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.