Nuveen LLC Takes Position in YETI Holdings, Inc. $YETI

Key Points

• Nuveen LLC has invested approximately $8.46 million in YETI Holdings, acquiring over 255,000 shares during the first quarter, representing 0.31% of the company.
• YETI's stock has seen a recent increase of 5.1%, with the latest earnings report showing $0.66 EPS, surpassing analyst expectations but indicating a 3.8% decline in revenue year-over-year.
• Analysts have mixed sentiments about YETI, with a current consensus rating of "Hold" and an average target price of $38.54, while some firms have adjusted their price objectives upwards.

Nuveen LLC acquired a new stake in YETI Holdings, Inc. (NYSE:YETI - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 255,653 shares of the company's stock, valued at approximately $8,462,000. Nuveen LLC owned about 0.31% of YETI as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in YETI. Gates Capital Management Inc. acquired a new stake in shares of YETI in the fourth quarter valued at approximately $135,356,000. Reinhart Partners LLC. acquired a new position in shares of YETI during the 1st quarter worth approximately $35,177,000. Brown Advisory Inc. acquired a new position in shares of YETI during the 4th quarter worth approximately $40,496,000. Westwood Holdings Group Inc. acquired a new position in shares of YETI during the 4th quarter worth approximately $37,098,000. Finally, Nomura Holdings Inc. increased its position in shares of YETI by 595.8% during the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock worth $22,919,000 after purchasing an additional 509,616 shares during the last quarter.

YETI Stock Performance

NYSE YETI traded down $1.31 on Thursday, reaching $34.88. The stock had a trading volume of 962,437 shares, compared to its average volume of 2,147,058. 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 has a fifty day moving average of $34.10 and a two-hundred day moving average of $32.70. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a market cap of $2.83 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 2.52 and a beta of 1.84.

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, beating analysts' consensus estimates of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same period in the prior year, the firm posted $0.70 EPS. The company's revenue for the quarter was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on YETI shares. 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. Cowen reaffirmed a "hold" rating on shares of YETI in a research report on Friday, August 8th. Jefferies Financial Group reaffirmed a "buy" rating and set a $55.00 price target on shares of YETI in a research report on Monday, May 5th. 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. 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 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.com, the company presently has a consensus rating of "Hold" and an average target price of $38.54.

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.