YETI (NYSE:YETI) Posts Earnings Results, Beats Estimates By $0.12 EPS

Key Points

• YETI reported earnings per share (EPS) of $0.66, exceeding analysts' estimates of $0.54 by $0.12, but revenue of $445.89 million fell short of expectations.
• The company's FY 2025 guidance has been updated to an EPS range of 2.340-2.480.
• Analysts have adjusted price targets for YETI, with the average target now at $39.07, reflecting a mix of ratings including eleven "hold" and five "buy" ratings.

YETI (NYSE:YETI - Get Free Report) posted its earnings results on Thursday. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates of $0.54 by $0.12, Briefing.com reports. The firm had revenue of $445.89 million during the quarter, compared to analysts' expectations of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The business's revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.70 earnings per share. YETI updated its FY 2025 guidance to 2.340-2.480 EPS.

YETI Stock Performance

Shares of YETI stock traded down $0.01 during trading hours on Friday, reaching $32.65. 2,908,088 shares of the stock traded hands, compared to its average volume of 2,845,910. YETI has a one year low of $26.61 and a one year high of $45.25. The company has a quick ratio of 1.47, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 2.82 and a beta of 1.84. The company has a 50 day moving average price of $33.20 and a 200 day moving average price of $32.96.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group reduced their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Canaccord Genuity Group lifted their price target on shares of YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday. Raymond James Financial lifted their price target on shares of YETI from $34.00 to $37.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Piper Sandler dropped their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $39.07.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in YETI stock. Integrated Wealth Concepts LLC grew its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,466 shares of the company's stock after acquiring an additional 569 shares during the quarter. Integrated Wealth Concepts LLC's holdings in YETI were worth $214,000 at the end of the most recent reporting period.

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.

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