Invesco Ltd. Has $29.09 Million Position in YETI Holdings, Inc. $YETI

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 position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 3.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 878,983 shares of the company's stock after buying an additional 27,427 shares during the period. Invesco Ltd. owned 1.06% of YETI worth $29,094,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Gates Capital Management Inc. acquired a new position in shares of YETI in the 4th quarter worth approximately $135,356,000. Dimensional Fund Advisors LP boosted its stake in YETI by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock worth $57,812,000 after purchasing an additional 22,123 shares in the last quarter. Congress Asset Management Co. grew its holdings in shares of YETI by 7.7% during the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock worth $40,315,000 after purchasing an additional 86,906 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of YETI by 23.8% in the first quarter. Westwood Holdings Group Inc. now owns 1,193,043 shares of the company's stock valued at $39,490,000 after buying an additional 229,709 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of 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 buying an additional 10,673 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on YETI shares. Stifel Nicolaus increased their price objective on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a report on Friday, August 8th. Jefferies Financial Group reiterated a "buy" rating and set a $55.00 target price on shares of YETI in a research report on Monday, May 5th. Canaccord Genuity Group raised their price target on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a report on Friday, August 8th. UBS Group boosted 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, Citigroup increased their price objective on YETI from $36.00 to $44.00 and gave the company 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 issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $38.54.

YETI Trading Up 5.1%

YETI traded up $1.7450 during trading on Friday, reaching $35.6750. 1,884,173 shares of the company's stock were exchanged, compared to its average volume of 2,377,670. The company's fifty day moving average price is $33.74 and its 200-day moving average price is $32.72. The firm has a market capitalization of $2.90 billion, a PE ratio of 16.99, a P/E/G ratio of 2.39 and a beta of 1.84. YETI Holdings, Inc. has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. 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 posted its quarterly 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. 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 the consensus estimate of $461.73 million. During the same quarter in the prior year, the business posted $0.70 EPS. The firm'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. As a group, equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current 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.