Reinhart Partners LLC. grew its position in YETI Holdings, Inc. (NYSE:YETI – Free Report) by 5.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,277,296 shares of the company’s stock after purchasing an additional 158,957 shares during the period. YETI comprises about 3.7% of Reinhart Partners LLC.’s holdings, making the stock its 6th largest position. Reinhart Partners LLC. owned approximately 4.33% of YETI worth $162,423,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in YETI. Richardson Financial Services Inc. acquired a new stake in YETI in the fourth quarter valued at approximately $25,000. Blue Trust Inc. lifted its stake in shares of 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 last quarter. SBI Securities Co. Ltd. lifted its stake in shares of 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 last quarter. Quarry LP bought a new stake in YETI in the third quarter worth $30,000. Finally, Safe Harbor Fiduciary LLC bought a new position in YETI during the fourth quarter valued at about $41,000.
YETI Stock Performance
NYSE YETI opened at $52.13 on Friday. YETI Holdings, Inc. has a twelve month low of $31.56 and a twelve month high of $53.99. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.95 billion, a P/E ratio of 26.60, a PEG ratio of 1.64 and a beta of 1.72. The company’s 50-day simple moving average is $49.52 and its 200 day simple moving average is $44.71.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on YETI shares. Weiss Ratings lowered YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Robert W. Baird lifted their target price on shares of YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. UBS Group raised their target price on YETI from $45.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Finally, Canaccord Genuity Group increased 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. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $52.83.
Read Our Latest Report on YETI
YETI 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.
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