Morningstar Investment Management LLC Takes $589,000 Position in YETI Holdings, Inc. $YETI

Morningstar Investment Management LLC bought a new position in YETI Holdings, Inc. (NYSE:YETI) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,096 shares of the company’s stock, valued at approximately $589,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings downgraded YETI from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Canaccord Genuity Group upped their price objective on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of YETI in a research note on Friday, May 15th. Finally, Robert W. Baird lifted their target price on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $52.83.

YETI Stock Performance

YETI stock opened at $50.36 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. The company has a market capitalization of $3.82 billion, a PE ratio of 25.70, a P/E/G ratio of 1.59 and a beta of 1.73. The company has a 50 day moving average price of $48.32 and a 200-day moving average price of $44.54. YETI Holdings, Inc. has a fifty-two week low of $30.51 and a fifty-two week high of $53.21.

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

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.