Reinhart Partners LLC. Purchases 373,641 Shares of YETI Holdings, Inc. $YETI

Reinhart Partners LLC. grew its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 14.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,035,561 shares of the company’s stock after purchasing an additional 373,641 shares during the quarter. YETI makes up 4.0% of Reinhart Partners LLC.’s holdings, making the stock its 3rd biggest holding. Reinhart Partners LLC. owned approximately 3.90% of YETI worth $134,081,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in YETI. Integrated Wealth Concepts LLC boosted its stake in shares of YETI by 9.6% during the first quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after purchasing an additional 569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of YETI by 5.5% during the first 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 purchasing an additional 14,920 shares in the last quarter. M&T Bank Corp boosted its stake in shares of YETI by 17.6% during the second quarter. M&T Bank Corp now owns 8,648 shares of the company’s stock valued at $272,000 after purchasing an additional 1,294 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of YETI by 48.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 16,404 shares of the company’s stock valued at $517,000 after purchasing an additional 5,379 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of YETI by 2.5% during the second quarter. California Public Employees Retirement System now owns 144,069 shares of the company’s stock valued at $4,541,000 after purchasing an additional 3,507 shares in the last quarter.

YETI Trading Down 2.7%

NYSE YETI opened at $46.12 on Wednesday. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.56 and a beta of 1.74. YETI Holdings, Inc. has a 52 week low of $29.12 and a 52 week high of $51.29. The business has a 50 day moving average price of $40.13 and a 200-day moving average price of $42.65. 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 (NYSE:YETI) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.26 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, equities analysts expect that YETI Holdings, Inc. will post 2.34 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler lifted their price objective on YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Wall Street Zen lowered YETI from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Canaccord Genuity Group lifted their price objective on YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Robert W. Baird lifted their price objective on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Finally, Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Nine research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.42.

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.