Langdon Equity Partners Takes $28.79 Million Position in YETI Holdings, Inc. $YETI

Langdon Equity Partners acquired a new stake in shares of YETI Holdings, Inc. (NYSE:YETI) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 595,839 shares of the company’s stock, valued at approximately $28,788,000. YETI accounts for 14.8% of Langdon Equity Partners’ investment portfolio, making the stock its 3rd largest holding. Langdon Equity Partners owned approximately 0.77% of YETI as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Richardson Financial Services Inc. acquired a new position in shares of YETI during the fourth quarter valued at about $25,000. Blue Trust Inc. increased its position in shares of YETI by 2,079.3% during the fourth quarter. Blue Trust Inc. now owns 632 shares of the company’s stock worth $28,000 after acquiring an additional 603 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares in the last quarter. Quarry LP bought a new stake in shares of YETI during the third quarter worth about $30,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of YETI during the fourth quarter worth about $44,000.

YETI Trading Down 0.5%

NYSE:YETI opened at $50.42 on Friday. YETI Holdings, Inc. has a one year low of $29.12 and a one year high of $51.49. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06. The firm has a 50-day moving average of $42.26 and a 200-day moving average of $43.32. The company has a market cap of $3.82 billion, a PE ratio of 25.73, a PEG ratio of 1.60 and a beta of 1.74.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. YETI had a net margin of 8.36% and a return on equity of 22.61%. The business had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on YETI. 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. Wall Street Zen raised shares of YETI from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group decreased their target price on shares of YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. Citigroup boosted their target price on shares of YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Raymond James Financial reissued an “outperform” rating and set a $55.00 target price on shares of YETI in a research report on Friday, May 15th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, YETI has an average rating of “Moderate Buy” and an average price target of $50.42.

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.