Cardinal Capital Management Takes $1.08 Million Position in YETI Holdings, Inc. $YETI

Cardinal Capital Management purchased a new position in YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,462 shares of the company’s stock, valued at approximately $1,077,000.

Other large investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its stake in YETI by 66.7% in the second quarter. Harbor Capital Advisors Inc. now owns 204,219 shares of the company’s stock valued at $6,437,000 after acquiring an additional 81,720 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in shares of YETI during the 2nd quarter worth approximately $248,000. Strs Ohio bought a new stake in YETI in the 1st quarter valued at $964,000. Congress Asset Management Co. lifted its holdings in YETI by 1.6% during the 2nd quarter. Congress Asset Management Co. now owns 1,237,425 shares of the company’s stock valued at $39,004,000 after purchasing an additional 19,459 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its holdings in YETI by 101.6% during the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after purchasing an additional 1,080,072 shares during the last quarter.

Insider Activity at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the transaction, the senior vice president owned 56,397 shares of the company’s stock, valued at $2,555,912.04. This represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.94% of the stock is currently owned by company insiders.

YETI Stock Performance

NYSE:YETI opened at $49.27 on Friday. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $50.34. The company has a quick ratio of 1.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.10. The stock’s 50-day simple moving average is $41.78 and its 200 day simple moving average is $37.05. The firm has a market capitalization of $3.83 billion, a PE ratio of 25.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.77.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million during the quarter, compared to analysts’ expectations of $480.08 million. During the same period in the prior year, the company earned $0.71 EPS. YETI’s revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on YETI. UBS Group boosted their price objective on YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Stifel Nicolaus increased their price objective on YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. William Blair reissued an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Finally, Morgan Stanley raised their price target on shares of YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.82.

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.