YETI (NYSE:YETI) Updates FY 2025 Earnings Guidance

Key Points

• YETI updated its FY 2025 earnings guidance, projecting EPS of 2.340-2.480, which surpasses the consensus estimate of 2.023, and revenue expectations of $1.8 billion to $1.9 billion, slightly below the consensus of $1.9 billion.
• Analysts have mixed ratings on YETI, with Morgan Stanley raising their price target to $34.00, while Goldman Sachs reduced theirs to $29.00; the consensus target price is $39.47.
• A hedge fund recently increased its stake in YETI by 5.5%, owning 287,837 shares worth approximately $9.5 million as per recent SEC filings.

YETI (NYSE:YETI - Get Free Report) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided EPS guidance of 2.340-2.480 for the period, compared to the consensus EPS estimate of 2.023. The company issued revenue guidance of $1.8 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.

YETI Trading Down 0.0%

YETI traded down $0.01 on Friday, hitting $32.65. 2,908,088 shares of the company were exchanged, compared to its average volume of 2,845,910. The firm has a fifty day simple moving average of $33.20 and a two-hundred day simple moving average of $32.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 2.52. YETI has a 12 month low of $26.61 and a 12 month high of $45.25. The stock has a market capitalization of $2.70 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 2.82 and a beta of 1.84.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.12. The firm had revenue of $445.89 million for 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%. The business's quarterly revenue was down 3.8% compared to the same quarter last year. During the same period last year, the company earned $0.70 EPS. Sell-side analysts expect that YETI will post 2.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on YETI. The Goldman Sachs Group lowered their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Cowen reiterated a "hold" rating on shares of YETI in a research note on Friday. UBS Group boosted their price target on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Canaccord Genuity Group lifted their price objective on YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a report on Friday. Finally, KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Eleven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.07.

Hedge Funds Weigh In On YETI

An institutional investor recently raised its position in YETI stock. Integrated Wealth Concepts LLC increased its position in YETI Holdings, Inc. (NYSE:YETI - Free Report) by 9.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,466 shares of the company's stock after buying an additional 569 shares during the period. Integrated Wealth Concepts LLC's holdings in YETI were worth $214,000 at the end of the most recent quarter.

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.