Bank of New York Mellon Corp Acquires Shares of 1,169,707 YETI Holdings, Inc. $YETI

Bank of New York Mellon Corp bought a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 2nd quarter, Holdings Channel.com reports. The fund bought 1,169,707 shares of the company’s stock, valued at approximately $57,971,000.

Several other large investors have also made changes to their positions in YETI. SBI Securities Co. Ltd. raised its holdings in YETI by 91.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares during the last quarter. Quarry LP acquired a new position in YETI in the third quarter valued at approximately $30,000. Safe Harbor Fiduciary LLC bought a new position in YETI in the fourth quarter valued at approximately $41,000. Meeder Asset Management Inc. bought a new stake in shares of YETI during the 4th quarter valued at $44,000. Finally, SJS Investment Consulting Inc. boosted its position in shares of YETI by 56.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,385 shares of the company’s stock worth $51,000 after purchasing an additional 497 shares during the last quarter.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of recent analyst reports. Morgan Stanley raised their target price on YETI from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Canaccord Genuity Group upped their target price on shares of YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Roth Capital reiterated a “buy” rating and issued a $62.00 target price on shares of YETI in a report on Friday, August 14th. The Goldman Sachs Group raised shares of YETI from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $46.00 to $63.00 in a research report on Monday, July 20th. Finally, Bank of America upped their price objective on shares of YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, YETI presently has an average rating of “Moderate Buy” and an average target price of $55.57.

YETI News Roundup

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI is expanding its licensed college-football merchandise ahead of the season, launching limited-edition drinkware for 12 NCAA teams, including Alabama, Ohio State, Texas, Georgia, and Michigan. The products could support seasonal demand, brand visibility, and direct-to-consumer sales. YETI launches Limited-Edition College Football Drinkware
• Positive Sentiment: Reports that the Ohio State bottle is already selling quickly and that YETI has released new Alabama fan gear indicate strong consumer interest in the company’s college-sports merchandise, although the revenue contribution is not quantified. Ohio State limited-edition bottle
• Positive Sentiment: Additional lifestyle coverage highlights YETI coolers and accessories, providing favorable brand exposure and potentially reinforcing demand across its drinkware and outdoor-product categories. YETI cooler coverage
• Neutral Sentiment: Several articles cover the new 140mm MT trail bike and its Sixfinity suspension. That product is made by Yeti Cycles, a separate privately held brand, and should not be confused with publicly traded YETI Holdings. Yeti MT trail bike
• Neutral Sentiment: Overall, the articles do not report changes to revenue, earnings, pricing, supply, or guidance. Investors may therefore be focusing more on valuation, technical momentum, and broader consumer-spending conditions than on this product news.

YETI Trading Down 1.8%

YETI stock opened at $41.81 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 0.87. The firm has a 50-day moving average of $48.75 and a 200-day moving average of $44.51. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.11 and a beta of 1.72. YETI Holdings, Inc. has a one year low of $31.66 and a one year high of $53.99.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%.The business had revenue of $483.87 million for the quarter, compared to analyst estimates of $483.80 million. During the same period in the previous year, the firm earned $0.66 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, equities analysts expect that YETI Holdings, Inc. will post 2.58 earnings per share 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.