JPMorgan Chase & Co. Purchases 22,551 Shares of YETI Holdings, Inc. $YETI

JPMorgan Chase & Co. boosted its position in YETI Holdings, Inc. (NYSE:YETI) by 3.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 666,723 shares of the company’s stock after acquiring an additional 22,551 shares during the quarter. JPMorgan Chase & Co.’s holdings in YETI were worth $22,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC grew its position in shares of YETI by 9.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after purchasing an additional 569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of YETI by 5.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock worth $9,527,000 after purchasing an additional 14,920 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of YETI by 4.9% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,278 shares of the company’s stock worth $671,000 after purchasing an additional 1,001 shares during the last quarter. MAI Capital Management bought a new stake in YETI during the 2nd quarter valued at approximately $31,000. Finally, Legal & General Group Plc boosted its stake in YETI by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 139,902 shares of the company’s stock valued at $4,410,000 after purchasing an additional 2,141 shares during the period.

YETI Trading Down 1.6%

Shares of YETI opened at $36.95 on Wednesday. The stock’s 50-day moving average price is $44.36 and its 200 day moving average price is $40.77. The company has a quick ratio of 1.11, a current ratio of 1.98 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 18.20 and a beta of 1.77. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $51.29.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. YETI had a return on equity of 22.53% and a net margin of 8.85%.The company had revenue of $583.71 million during the quarter, compared to the consensus estimate of $582.43 million. During the same quarter last year, the company earned $1.00 EPS. The company’s quarterly revenue was up 6.8% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on YETI shares. Roth Mkm raised YETI from a “neutral” rating to a “buy” rating and set a $60.00 price target on the stock in a research report on Tuesday, February 17th. KeyCorp raised 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. UBS Group raised their price objective 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. Piper Sandler boosted their target price on shares of YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $45.00 target price on shares of YETI in a research note on Tuesday, January 27th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, YETI has an average rating of “Moderate Buy” and an average target price of $50.00.

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.