YETI Holdings, Inc. $YETI Shares Acquired by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in YETI Holdings, Inc. by 3.2% in the first quarter, now owning approximately 1.06% of the company valued at around $29 million.
• YETI reported earnings of $0.66 per share, surpassing estimates but showing a 3.8% decline in quarterly revenue compared to the same period last year.
• Analysts have a consensus rating of "Hold" for YETI, with a current average price target of $38.54.

Invesco Ltd. raised its holdings in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 3.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 878,983 shares of the company's stock after buying an additional 27,427 shares during the quarter. Invesco Ltd. owned approximately 1.06% of YETI worth $29,094,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Mystic Asset Management Inc. grew its holdings in shares of YETI by 2.0% during the 1st quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company's stock worth $638,000 after purchasing an additional 375 shares during the period. Azzad Asset Management Inc. ADV grew its holdings in shares of YETI by 1.0% during the 4th quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company's stock worth $1,994,000 after purchasing an additional 497 shares during the period. Assetmark Inc. grew its holdings in shares of YETI by 9.7% during the 1st quarter. Assetmark Inc. now owns 6,421 shares of the company's stock worth $213,000 after purchasing an additional 568 shares during the period. Costello Asset Management INC purchased a new stake in shares of YETI during the 1st quarter worth about $25,000. Finally, Bridge City Capital LLC grew its holdings in shares of YETI by 1.3% during the 1st quarter. Bridge City Capital LLC now owns 58,887 shares of the company's stock worth $1,949,000 after purchasing an additional 755 shares during the period.

YETI Stock Down 0.5%

Shares of YETI traded down $0.1890 during trading on Monday, reaching $35.5210. The company's stock had a trading volume of 1,430,212 shares, compared to its average volume of 2,216,888. The company has a fifty day moving average of $33.84 and a two-hundred day moving average of $32.65. YETI Holdings, Inc. has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 16.91, a P/E/G ratio of 2.52 and a beta of 1.84. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09.

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 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 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. YETI's quarterly revenue 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, sell-side analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Morgan Stanley reiterated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 target price on shares of YETI in a report on Monday, May 5th. UBS Group boosted their target price on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Stifel Nicolaus upped their price target on YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Finally, Piper Sandler decreased their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $38.54.

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.