YETI Holdings, Inc. $YETI Holdings Lifted by Ieq Capital LLC

Key Points

• Ieq Capital LLC significantly increased its stake in YETI Holdings, Inc. by 1,026.1% during the 1st quarter, acquiring 103,254 additional shares to total 113,317 shares.
• YETI reported a quarterly earnings per share of $0.66, exceeding estimates of $0.54, although its revenue for the quarter was down 3.8% year-over-year.
• Analysts have varied outlooks on YETI's stock, with target prices ranging from $31.00 to $55.00, resulting in an average rating of "Hold" and an average target price of $38.54.

Ieq Capital LLC boosted its stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 1,026.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,317 shares of the company's stock after purchasing an additional 103,254 shares during the quarter. Ieq Capital LLC owned approximately 0.14% of YETI worth $3,751,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in YETI. Costello Asset Management INC acquired a new position in YETI during the 1st quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in YETI during the 1st quarter valued at approximately $34,000. LRI Investments LLC acquired a new position in YETI during the 1st quarter valued at approximately $65,000. Covestor Ltd boosted its position in YETI by 35.2% during 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 period. Finally, Portside Wealth Group LLC boosted its position in YETI by 14.5% during the 1st quarter. Portside Wealth Group LLC now owns 6,025 shares of the company's stock valued at $199,000 after purchasing an additional 762 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on YETI. Cowen reiterated a "hold" rating on shares of YETI in a research report on Friday, August 8th. UBS Group boosted their price target on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group boosted their price target on YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 price target on shares of YETI in a research report on Monday, May 5th. Finally, Citigroup boosted their price target on YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, YETI has an average rating of "Hold" and an average price target of $38.54.

YETI Trading Down 1.3%

Shares of YETI stock traded down $0.47 on Tuesday, reaching $34.69. 1,684,172 shares of the company were exchanged, compared to its average volume of 2,149,888. The stock has a fifty day moving average price of $34.42 and a 200-day moving average price of $32.58. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 2.48 and a beta of 1.86. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week 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 (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 analyst estimates of $461.73 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.YETI's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current year.

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.