YETI Holdings, Inc. $YETI Holdings Boosted by Cresset Asset Management LLC

Cresset Asset Management LLC raised its position in shares of YETI Holdings, Inc. (NYSE:YETI) by 40.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,292 shares of the company’s stock after purchasing an additional 22,521 shares during the quarter. Cresset Asset Management LLC owned 0.10% of YETI worth $2,598,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. True Wealth Design LLC raised its position in YETI by 141.1% during the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 518 shares during the period. MAI Capital Management purchased a new stake in YETI in the 2nd quarter worth about $31,000. Abich Financial Wealth Management LLC acquired a new stake in YETI during the 3rd quarter worth about $39,000. SJS Investment Consulting Inc. grew its stake in YETI by 7,876.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 1,356 shares of the company’s stock valued at $45,000 after acquiring an additional 1,339 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in YETI by 151.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,530 shares of the company’s stock valued at $51,000 after acquiring an additional 922 shares in the last quarter.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research analyst reports. UBS Group increased their price target on shares of YETI from $38.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. KeyCorp upgraded shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective on the stock in a research note on Friday, January 16th. Stifel Nicolaus increased their target price on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. Robert W. Baird lifted their target price on shares of YETI from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Finally, Citigroup boosted their price target on shares of YETI from $44.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $50.08.

Insider Transactions at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.94% of the company’s stock.

YETI Trading Down 3.8%

NYSE:YETI opened at $40.42 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of 19.91, a P/E/G ratio of 2.25 and a beta of 1.77. The stock’s 50 day moving average price is $46.67 and its 200 day moving average price is $40.57. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.11 and a current ratio of 1.98. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $51.29.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.88 by $0.04. YETI had a net margin of 8.85% and a return on equity of 22.53%. The company had revenue of $583.71 million during the quarter, compared to the consensus estimate of $582.43 million. During the same period in the previous year, the firm posted $1.00 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. On average, research analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

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.