NFJ Investment Group LLC Boosts Stake in YETI Holdings, Inc. $YETI

Key Points

• NFJ Investment Group LLC increased its stake in YETI Holdings, Inc. by 49% in the first quarter, acquiring a total of 85,690 shares valued at approximately $2.84 million.
• YETI reported earnings per share of $0.66 for the most recent quarter, surpassing estimates, but revenue decreased by 3.8% year-over-year.
• Analysts have mixed ratings for YETI, with five firms giving it a Buy rating and nine assigning a Hold rating, setting a consensus price target of $38.54.

NFJ Investment Group LLC raised its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 49.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,690 shares of the company's stock after acquiring an additional 28,195 shares during the quarter. NFJ Investment Group LLC owned approximately 0.10% of YETI worth $2,836,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. New Vernon Capital Holdings II LLC bought a new stake in YETI during the 1st quarter valued at approximately $6,593,000. Integrated Wealth Concepts LLC boosted its position in YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company's stock valued at $214,000 after acquiring an additional 569 shares in the last quarter. Engaged Capital LLC bought a new stake in YETI during the 1st quarter valued at approximately $51,090,000. AQR Capital Management LLC boosted its position in YETI by 780.9% during the 1st quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company's stock valued at $47,752,000 after acquiring an additional 1,280,622 shares in the last quarter. Finally, Dark Forest Capital Management LP bought a new stake in shares of YETI in the 1st quarter worth approximately $3,492,000.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on YETI shares. Stifel Nicolaus boosted their price target on YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. 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. 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. Raymond James Financial reissued an "outperform" rating and issued a $37.00 price target (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Finally, Cowen reissued a "hold" rating on shares of YETI in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $38.54.

YETI Stock Down 0.6%

YETI stock traded down $0.22 during midday trading on Wednesday, hitting $35.39. The company's stock had a trading volume of 1,407,885 shares, compared to its average volume of 2,124,048. The company has a market cap of $2.87 billion, a PE ratio of 16.85, a P/E/G ratio of 2.52 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. The firm's 50-day moving average is $34.96 and its 200-day moving average is $32.53. 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 business had revenue of $445.89 million during 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 quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.70 EPS. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, equities research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

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.