YETI Holdings, Inc. $YETI Shares Acquired by Optimize Financial Inc

Key Points

• Optimize Financial Inc increased its stake in YETI Holdings by 53.5% in Q1, owning a total of 20,880 shares valued at $691,000 after purchasing an additional 7,273 shares.
• YETI has received analyst upgrades, with Raymond James setting a new price target of $37.00, while the stock has a consensus rating of "Hold" and an average price target of $38.54.
• In its latest earnings report, YETI posted $0.66 earnings per share, exceeding estimates, but experienced a 3.8% year-over-year revenue decline with revenues totaling $445.89 million.

Optimize Financial Inc increased its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 53.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,880 shares of the company's stock after acquiring an additional 7,273 shares during the quarter. Optimize Financial Inc's holdings in YETI were worth $691,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in YETI. Cetera Investment Advisers lifted its stake in YETI by 158.9% in the fourth quarter. Cetera Investment Advisers now owns 20,625 shares of the company's stock worth $794,000 after acquiring an additional 12,660 shares during the period. Focus Partners Wealth lifted its stake in YETI by 45.6% in the fourth quarter. Focus Partners Wealth now owns 31,323 shares of the company's stock worth $1,206,000 after acquiring an additional 9,815 shares during the period. Gotham Asset Management LLC purchased a new stake in YETI in the fourth quarter worth about $2,900,000. Janus Henderson Group PLC lifted its stake in YETI by 204.9% in the fourth quarter. Janus Henderson Group PLC now owns 240,275 shares of the company's stock worth $9,253,000 after acquiring an additional 161,467 shares during the period. Finally, Nuveen Asset Management LLC grew its stake in YETI by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 1,108,913 shares of the company's stock valued at $42,704,000 after purchasing an additional 10,673 shares during the last quarter.

YETI Stock Down 3.1%

NYSE:YETI traded down $1.13 during mid-day trading on Friday, hitting $35.50. 1,381,101 shares of the company's stock traded hands, compared to its average volume of 2,117,186. The company has a fifty day moving average of $35.08 and a 200 day moving average of $32.55. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a market capitalization of $2.88 billion, a P/E ratio of 16.90, a P/E/G ratio of 2.50 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52.

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, beating the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The company 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 company posted $0.70 EPS. The firm's quarterly revenue was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on YETI. Cowen reiterated a "hold" rating on shares of YETI in a report on Friday, August 8th. Citigroup lifted their price objective on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Morgan Stanley reaffirmed a "cautious" rating on shares of YETI in a research report on Monday, August 11th. UBS Group lifted their price objective 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. Finally, Canaccord Genuity Group lifted their price objective on shares of YETI from $33.00 to $34.00 and gave the stock 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target 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.