Clearbridge Investments LLC Sells 51,956 Shares of YETI Holdings, Inc. $YETI

Clearbridge Investments LLC trimmed its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 19.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 216,399 shares of the company’s stock after selling 51,956 shares during the quarter. Clearbridge Investments LLC owned approximately 0.28% of YETI worth $9,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Richardson Financial Services Inc. bought a new position in YETI during the 4th quarter worth approximately $25,000. Blue Trust Inc. grew its position in YETI by 2,079.3% during the 4th quarter. Blue Trust Inc. now owns 632 shares of the company’s stock worth $28,000 after acquiring an additional 603 shares during the last quarter. SBI Securities Co. Ltd. grew its position in YETI by 91.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares during the last quarter. Quarry LP bought a new position in YETI during the 3rd quarter worth approximately $30,000. Finally, Abich Financial Wealth Management LLC bought a new position in YETI during the 3rd quarter worth approximately $39,000.

YETI Trading Down 1.8%

NYSE YETI opened at $48.41 on Thursday. 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 twelve month low of $29.12 and a twelve month high of $51.29. The firm has a market capitalization of $3.67 billion, a PE ratio of 24.70, a P/E/G ratio of 1.55 and a beta of 1.74. The stock’s 50 day moving average is $41.71 and its 200 day moving average is $43.18.

YETI (NYSE:YETI) last released its quarterly earnings results 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 analyst estimates of $374.73 million. During the same period in the previous year, the company posted $0.31 earnings per share. The firm’s revenue 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 forecast that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of recent analyst reports. UBS Group cut their price objective on YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Stifel Nicolaus set a $42.00 price objective on YETI in a research report on Friday, May 15th. Piper Sandler lifted their price objective on YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 price objective on shares of YETI in a research report on Friday, May 15th. Finally, Citigroup lifted their price objective on YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $50.42.

About YETI

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.