Empowered Funds LLC Increases Stake in YETI Holdings, Inc. $YETI

Key Points

• Empowered Funds LLC increased its stake in YETI Holdings, Inc. by 2,337.7%, acquiring 216,519 additional shares, making a total of 225,781 shares worth approximately $7.47 million.
• YETI reported earnings on August 7th, posting an EPS of $0.66, surpassing estimates of $0.54, though its revenue decreased by 3.8% year-over-year.
• Analysts have mixed ratings on YETI, with a consensus rating of "Hold" and an average price target of $38.54, suggesting potential growth despite recent downward trends in trading.

Empowered Funds LLC increased its holdings in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 2,337.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 225,781 shares of the company's stock after buying an additional 216,519 shares during the period. Empowered Funds LLC owned about 0.27% of YETI worth $7,473,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Costello Asset Management INC purchased a new stake in YETI during the 1st quarter worth approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of YETI in the 1st quarter valued at approximately $34,000. LRI Investments LLC purchased a new stake in shares of YETI in the 1st quarter valued at approximately $65,000. Quarry LP increased its position in shares of YETI by 815.4% in the 1st 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 increased its position in shares of YETI by 35.2% in the 1st 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%

NYSE YETI opened at $35.39 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The firm's fifty day moving average price is $35.00 and its 200 day moving average price is $32.55. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.51 and a beta of 1.86. 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 posted its earnings results on Thursday, August 7th. The company reported $0.66 EPS 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 the consensus estimate of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company's revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

YETI has been the topic of a number of recent analyst reports. UBS Group increased their price objective on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Citigroup increased 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. Cowen reissued a "hold" rating on shares of YETI in a research report on Friday, August 8th. Canaccord Genuity Group increased their price objective on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $37.00 target price (up from $34.00) on shares of YETI 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's stock. Based on data from MarketBeat, the stock 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.

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