YETI (NYSE:YETI) Announces Quarterly Earnings Results, Beats Estimates By $0.04 EPS

YETI (NYSE:YETI) posted its quarterly earnings data on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04, Briefing.com reports. The firm had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. YETI updated its FY 2025 guidance to 2.380-2.490 EPS.

YETI Price Performance

Shares of NYSE YETI traded up $1.14 during mid-day trading on Friday, hitting $36.27. 4,052,184 shares of the stock traded hands, compared to its average volume of 1,741,602. The company has a market cap of $2.95 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.48 and a beta of 1.89. YETI has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.48. The firm has a 50 day simple moving average of $34.63 and a two-hundred day simple moving average of $33.13.

Institutional Trading of YETI

A number of hedge funds have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in shares of YETI by 9.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after buying an additional 569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in YETI by 5.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock valued at $9,527,000 after acquiring an additional 14,920 shares during the period. M&T Bank Corp increased its position in YETI by 17.6% in the 2nd quarter. M&T Bank Corp now owns 8,648 shares of the company’s stock valued at $272,000 after acquiring an additional 1,294 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of YETI by 48.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 16,404 shares of the company’s stock valued at $517,000 after acquiring an additional 5,379 shares during the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of YETI by 2.5% during the second quarter. California Public Employees Retirement System now owns 144,069 shares of the company’s stock worth $4,541,000 after purchasing an additional 3,507 shares during the period.

Analyst Upgrades and Downgrades

YETI has been the topic of several research reports. Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Morgan Stanley boosted their price objective on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a report on Monday, October 27th. Citigroup raised their target price on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a research note on Wednesday, July 23rd. Cowen reiterated a “hold” rating on shares of YETI in a research report on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, YETI has an average rating of “Hold” and a consensus price target of $39.08.

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.