YETI Holdings, Inc. $YETI Stock Position Raised by Intech Investment Management LLC

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 lifted its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 41.1% in the 1st quarter, according to the company in its most recent filing with the SEC. 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 approximately 0.31% of YETI worth $8,509,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Mystic Asset Management Inc. lifted its position in shares of YETI by 2.0% in the 1st quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company's stock valued at $638,000 after acquiring an additional 375 shares in the last quarter. Hsbc Holdings PLC lifted its position in YETI by 2.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,429 shares of the company's stock worth $638,000 after buying an additional 483 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in YETI by 1.0% in the 4th quarter. Azzad Asset Management Inc. ADV now owns 51,779 shares of the company's stock worth $1,994,000 after buying an additional 497 shares in the last quarter. Assetmark Inc. lifted its position in YETI by 9.7% in the 1st quarter. Assetmark Inc. now owns 6,421 shares of the company's stock worth $213,000 after buying an additional 568 shares in the last quarter. Finally, Integrated Wealth Concepts LLC lifted its position in YETI by 9.6% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company's stock worth $214,000 after buying an additional 569 shares in the last quarter.

YETI Stock Performance

Shares of YETI opened at $35.39 on Thursday. The company's fifty day moving average is $35.00 and its 200-day moving average is $32.55. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $45.25. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 16.85, a price-to-earnings-growth ratio of 2.51 and a beta of 1.86. 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 quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter in the prior year, the business 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. Equities analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of research analyst reports. Canaccord Genuity Group increased their target price 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. Cowen reiterated a "hold" rating on shares of YETI in a research report on Friday, August 8th. Citigroup increased their target price 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. Raymond James Financial reiterated an "outperform" rating and issued a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Finally, UBS Group increased their price target on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Five analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.

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