Congress Asset Management Co. Buys 59,474 Shares of YETI Holdings, Inc. $YETI

Congress Asset Management Co. increased its stake in shares of YETI Holdings, Inc. (NYSE:YETI) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,293,164 shares of the company’s stock after purchasing an additional 59,474 shares during the period. Congress Asset Management Co. owned approximately 1.66% of YETI worth $57,119,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC boosted its holdings in YETI by 8.0% during the third quarter. LRI Investments LLC now owns 4,170 shares of the company’s stock worth $138,000 after buying an additional 309 shares during the last quarter. Fulton Bank N.A. increased its stake in shares of YETI by 2.2% in the 4th quarter. Fulton Bank N.A. now owns 15,553 shares of the company’s stock valued at $687,000 after acquiring an additional 333 shares during the last quarter. Arizona State Retirement System raised its position in shares of YETI by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 24,506 shares of the company’s stock valued at $813,000 after acquiring an additional 346 shares during the period. Versant Capital Management Inc raised its position in shares of YETI by 2.7% in the 3rd quarter. Versant Capital Management Inc now owns 13,311 shares of the company’s stock valued at $442,000 after acquiring an additional 354 shares during the period. Finally, Moody National Bank Trust Division boosted its stake in YETI by 2.5% during the 3rd quarter. Moody National Bank Trust Division now owns 14,740 shares of the company’s stock worth $489,000 after acquiring an additional 356 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Citigroup boosted their price objective on shares of YETI from $44.00 to $53.00 and gave the company a “buy” rating in a report on Tuesday, February 24th. Canaccord Genuity Group lifted their price target on shares of YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. The Goldman Sachs Group reissued a “neutral” rating and issued a $45.00 price target on shares of YETI in a report on Tuesday, January 27th. KeyCorp upgraded shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 price objective for the company in a research report on Friday, January 16th. Finally, B. Riley Financial raised YETI from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $54.00 in a research note on Friday, February 20th. Nine analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.00.

YETI Stock Performance

Shares of YETI opened at $37.56 on Tuesday. The firm has a market cap of $2.83 billion, a P/E ratio of 18.50 and a beta of 1.77. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $51.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.11 and a current ratio of 1.98. The firm’s 50 day moving average price is $44.60 and its two-hundred day moving average price is $40.76.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.04. The company had revenue of $583.71 million during the quarter, compared to the consensus estimate of $582.43 million. YETI had a net margin of 8.85% and a return on equity of 22.53%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.00 earnings per share. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. On average, 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.