Victory Capital Management Inc. Has $26.94 Million Position in YETI Holdings, Inc. $YETI

Victory Capital Management Inc. grew its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 439.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 812,056 shares of the company’s stock after acquiring an additional 661,398 shares during the period. Victory Capital Management Inc. owned 1.04% of YETI worth $26,944,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Reinhart Partners LLC. lifted its holdings in shares of YETI by 24.2% during the 3rd quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock valued at $88,323,000 after buying an additional 519,102 shares during the last quarter. Cardinal Capital Management acquired a new position in YETI in the third quarter worth approximately $1,077,000. Level Four Advisory Services LLC raised its position in YETI by 26.6% during the second quarter. Level Four Advisory Services LLC now owns 50,302 shares of the company’s stock valued at $1,586,000 after acquiring an additional 10,577 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in YETI in the third quarter valued at approximately $744,000. Finally, WCM Investment Management LLC lifted its stake in YETI by 19.0% in the third quarter. WCM Investment Management LLC now owns 563,881 shares of the company’s stock valued at $19,240,000 after acquiring an additional 90,158 shares during the last quarter.

YETI Stock Performance

NYSE:YETI opened at $40.43 on Tuesday. The firm has a market capitalization of $3.04 billion, a PE ratio of 19.92 and a beta of 1.77. YETI Holdings, Inc. has a 1 year low of $26.61 and a 1 year high of $51.29. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. The firm’s fifty day simple moving average is $46.58 and its 200 day simple moving average is $40.66.

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

Insider Buying and Selling

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the transaction, the senior vice president directly owned 56,397 shares in the company, valued at $2,555,912.04. The trade was a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.08% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. 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 note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research report on Wednesday, January 21st. The Goldman Sachs Group restated a “neutral” rating and set a $45.00 target price on shares of YETI in a report on Tuesday, January 27th. Piper Sandler upped their price target on YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, Stifel Nicolaus increased their price objective on YETI from $34.00 to $43.00 and gave the company a “hold” rating in a report on Friday, December 12th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.08.

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.