American Century Companies Inc. Acquires 706,601 Shares of YETI Holdings, Inc. $YETI

Key Points

• American Century Companies Inc. increased its stake in YETI Holdings, Inc. by 48.9%, acquiring 706,601 shares, making its total holdings 2,150,724 shares valued at approximately $71.2 million.
• YETI reported earnings of $0.66 per share, exceeding estimates, but its revenue of $445.89 million fell short of the expected $461.73 million.
• Market analysts have mixed views on YETI, with a consensus rating of "Hold" and a target price of $38.54, although some firms have varying price objectives ranging from $29.00 to $44.00.

American Century Companies Inc. lifted its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 48.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,150,724 shares of the company's stock after acquiring an additional 706,601 shares during the quarter. American Century Companies Inc. owned approximately 2.60% of YETI worth $71,189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new position in shares of YETI during the first quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in YETI in the 1st quarter worth approximately $34,000. GeoWealth Management LLC acquired a new position in YETI during the 4th quarter worth $48,000. LRI Investments LLC acquired a new position in YETI during the 1st quarter worth $65,000. Finally, Sterling Capital Management LLC boosted its position in YETI by 45.7% in the 4th quarter. Sterling Capital Management LLC now owns 3,993 shares of the company's stock valued at $154,000 after buying an additional 1,252 shares during the last quarter.

YETI Price Performance

Shares of NYSE:YETI traded up $1.7450 during trading on Friday, reaching $35.6750. 1,884,173 shares of the company traded hands, compared to its average volume of 2,163,935. The firm has a market capitalization of $2.90 billion, a PE ratio of 16.99, a PEG ratio of 2.41 and a beta of 1.84. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The company's 50 day moving average is $33.62 and its two-hundred day moving average is $32.73.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The company had revenue of $445.89 million for the quarter, compared to analysts' expectations of $461.73 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.YETI's revenue was down 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Raymond James Financial reissued an "outperform" rating and set a $37.00 price target (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Stifel Nicolaus upped their target price on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Canaccord Genuity Group lifted their price objective on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a report on Friday, August 8th. Piper Sandler lowered their price target on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, UBS Group upped their target price on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.54.

YETI Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.