YETI Holdings, Inc. $YETI Stock Holdings Raised by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC significantly increased its stake in YETI Holdings, Inc. by 780.9% during Q1, now owning approximately 1.74% of the company valued at $47.75 million.
• YETI's most recent earnings showed an EPS of $0.66, surpassing estimates, but revenue of $445.89 million fell short of expectations and was down 3.8% year-over-year.
• Wall Street analysts maintain a mixed outlook on YETI, with a consensus price target of $38.54 and ratings that include five "Buy" and nine "Hold" recommendations.

AQR Capital Management LLC increased its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 780.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,444,617 shares of the company's stock after purchasing an additional 1,280,622 shares during the period. AQR Capital Management LLC owned approximately 1.74% of YETI worth $47,752,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in YETI. Costello Asset Management INC acquired a new stake in shares of YETI in the first quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of YETI in the first quarter valued at approximately $34,000. LRI Investments LLC acquired a new stake in shares of YETI in the first quarter valued at approximately $65,000. Quarry LP grew its position in shares of YETI by 815.4% in the first quarter. Quarry LP now owns 2,682 shares of the company's stock valued at $89,000 after purchasing an additional 2,389 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of YETI by 35.2% in the first quarter. Covestor Ltd now owns 4,683 shares of the company's stock valued at $155,000 after purchasing an additional 1,220 shares during the last quarter.

YETI Trading Down 0.6%

Shares of YETI stock traded down $0.22 during mid-day trading on Wednesday, reaching $35.39. The company's stock had a trading volume of 1,408,972 shares, compared to its average volume of 2,124,055. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month 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 firm has a market capitalization of $2.87 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 2.52 and a beta of 1.86. The company's 50 day simple moving average is $34.96 and its 200-day simple moving average is $32.53.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The firm had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter in the previous year, the business posted $0.70 EPS. The firm's revenue was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, research analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Ratings Changes

YETI has been the topic of a number of analyst reports. Cowen restated a "hold" rating on shares of YETI in a research report on Friday, August 8th. UBS Group raised their target price on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Stifel Nicolaus raised their target price on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Citigroup raised their target price on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Finally, Morgan Stanley restated a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $38.54.

YETI Company 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.