Empowered Funds LLC Has $10.58 Million Holdings in YETI Holdings, Inc. $YETI

Empowered Funds LLC grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 2,858.7% in the first quarter, HoldingsChannel.com reports. The fund owned 289,125 shares of the company’s stock after acquiring an additional 279,353 shares during the quarter. Empowered Funds LLC’s holdings in YETI were worth $10,579,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of YETI. Wellington Management Group LLP increased its holdings in YETI by 14.3% in the 3rd quarter. Wellington Management Group LLP now owns 5,578,329 shares of the company’s stock valued at $185,089,000 after buying an additional 696,983 shares during the period. Baillie Gifford & Co. lifted its holdings in shares of YETI by 50.9% during the 4th quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock worth $174,259,000 after acquiring an additional 1,330,278 shares during the period. Reinhart Partners LLC. lifted its holdings in shares of YETI by 14.0% during the 4th quarter. Reinhart Partners LLC. now owns 3,035,561 shares of the company’s stock worth $134,081,000 after acquiring an additional 373,641 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of YETI by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company’s stock worth $69,043,000 after acquiring an additional 70,273 shares in the last quarter. Finally, Morgan Stanley boosted its position in shares of YETI by 117.5% during the 4th quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock worth $83,232,000 after acquiring an additional 1,017,947 shares in the last quarter.

YETI Stock Performance

NYSE:YETI opened at $49.65 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. YETI Holdings, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $53.21. The company has a 50 day simple moving average of $48.93 and a two-hundred day simple moving average of $44.61. The company has a market capitalization of $3.76 billion, a PE ratio of 25.33, a P/E/G ratio of 1.61 and a beta of 1.73.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The firm had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. YETI had a return on equity of 22.61% and a net margin of 8.36%.The business’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business posted $0.31 EPS. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Research analysts anticipate that YETI Holdings, Inc. will post 2.44 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Morgan Stanley set a $45.00 price objective on YETI in a research report on Tuesday, June 23rd. Wall Street Zen upgraded YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Robert W. Baird boosted their target price on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $55.00 target price on shares of YETI in a report on Friday, May 15th. Ten analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, YETI 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.