Charles Schwab Investment Management Inc. Acquires 16,985 Shares of YETI Holdings, Inc. $YETI

Key Points

• Charles Schwab Investment Management Inc. increased its stake in YETI Holdings, Inc. by 2.2% during the 1st quarter, owning a total of 790,538 shares valued at approximately $26.17 million.
• YETI reported an EPS of $0.66 for its latest quarter, surpassing forecasts, despite a 3.8% decline in revenue year-over-year, totaling $445.89 million.
• Research analysts have set a consensus price target of $38.54 for YETI, with five analysts rating the stock as a Buy and nine as Hold.

Charles Schwab Investment Management Inc. increased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 2.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 790,538 shares of the company's stock after purchasing an additional 16,985 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.95% of YETI worth $26,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in YETI. Costello Asset Management INC purchased a new position in YETI in the 1st quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in YETI in the 1st quarter worth $34,000. GeoWealth Management LLC purchased a new position in YETI in the 4th quarter worth $48,000. LRI Investments LLC purchased a new position in YETI in the 1st quarter worth $65,000. Finally, Portside Wealth Group LLC raised its position in YETI by 14.5% in the 1st quarter. Portside Wealth Group LLC now owns 6,025 shares of the company's stock worth $199,000 after purchasing an additional 762 shares during the period.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. UBS Group lifted 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. Citigroup boosted their price objective on shares of YETI from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. Piper Sandler decreased their price objective on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Cowen restated a "hold" rating on shares of YETI in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price objective on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $38.54.

YETI Trading Up 5.1%

Shares of YETI traded up $1.7450 during trading hours on Friday, reaching $35.6750. 1,884,173 shares of the company traded hands, compared to its average volume of 2,377,670. The company's fifty day moving average price is $33.74 and its two-hundred day moving average price is $32.69. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.84. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25.

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

About YETI

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.