Intech Investment Management LLC Raises Stock Holdings in YETI Holdings, Inc. $YETI

Key Points

• Intech Investment Management LLC has increased its position in YETI Holdings, Inc. by 41.1%, owning approximately 257,062 shares valued at $8.5 million.
• YETI reported a quarterly EPS of $0.66, exceeding the consensus estimate of $0.54, but revenue decreased by 3.8% year-over-year.
• Analysts hold a consensus rating of "Hold" for YETI stock with a consensus price target of $38.54, reflecting a mixed outlook on the company's future performance.

Intech Investment Management LLC grew its position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) by 41.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,062 shares of the company's stock after acquiring an additional 74,848 shares during the quarter. Intech Investment Management LLC owned about 0.31% of YETI worth $8,509,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of YETI. Costello Asset Management INC bought a new stake in YETI during the first quarter worth $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in YETI during the first quarter worth $34,000. LRI Investments LLC bought a new stake in YETI during the first quarter worth $65,000. Quarry LP grew its holdings in YETI by 815.4% during the first quarter. Quarry LP now owns 2,682 shares of the company's stock worth $89,000 after buying an additional 2,389 shares in the last quarter. Finally, Covestor Ltd grew its holdings in YETI by 35.2% during the first quarter. Covestor Ltd now owns 4,683 shares of the company's stock worth $155,000 after buying an additional 1,220 shares in the last quarter.

YETI Stock Up 1.4%

Shares of YETI stock traded up $0.47 on Tuesday, reaching $35.24. The company's stock had a trading volume of 233,410 shares, compared to its average volume of 2,102,957. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 16.77, a P/E/G ratio of 2.50 and a beta of 1.86. The firm's fifty day simple moving average is $35.19 and its two-hundred day simple moving average is $32.48. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. 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 issued its quarterly earnings data on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. The company had revenue of $445.89 million during the quarter, compared to analyst estimates of $461.73 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.YETI's revenue was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on YETI shares. Morgan Stanley reissued a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Citigroup boosted their price objective on YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Jefferies Financial Group reaffirmed a "buy" rating on shares of YETI in a research report on Tuesday. Raymond James Financial reaffirmed an "outperform" rating and set a $37.00 price target (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Finally, Canaccord Genuity Group upped their price target on YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 8th. 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $38.54.

YETI Company 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.