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

YETI (NYSE:YETI) released its quarterly earnings results on Thursday. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. YETI updated its FY 2025 guidance to 2.380-2.490 EPS.

YETI Price Performance

Shares of YETI traded up $1.14 during mid-day trading on Friday, reaching $36.27. The stock had a trading volume of 4,052,184 shares, compared to its average volume of 1,741,602. The business has a fifty day moving average of $34.63 and a 200 day moving average of $33.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.48 and a current ratio of 2.16. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 18.89, a PEG ratio of 2.48 and a beta of 1.89. YETI has a 12 month low of $26.61 and a 12 month high of $45.25.

Wall Street Analyst Weigh In

YETI has been the subject of several research reports. Cowen reaffirmed a “hold” rating on shares of YETI in a research report on Friday, August 8th. Citigroup upped their target price on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Stifel Nicolaus lifted their price target on shares of YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. UBS Group boosted their price objective on shares of YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Jefferies Financial Group restated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, YETI has a consensus rating of “Hold” and a consensus target price of $39.08.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of YETI. Headlands Technologies LLC purchased a new stake in YETI in the 2nd quarter worth $52,000. Integrated Wealth Concepts LLC lifted its position 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 acquiring an additional 569 shares in the last quarter. M&T Bank Corp boosted its stake in shares of YETI by 17.6% in the second quarter. M&T Bank Corp now owns 8,648 shares of the company’s stock worth $272,000 after acquiring an additional 1,294 shares during the period. Tower Research Capital LLC TRC grew its position in shares of YETI by 88.4% during the second quarter. Tower Research Capital LLC TRC now owns 9,583 shares of the company’s stock worth $302,000 after purchasing an additional 4,497 shares in the last quarter. Finally, Scott Marsh Financial LLC purchased a new stake in shares of YETI during the second quarter worth about $402,000.

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.