Brokers Offer Predictions for YETI Holdings, Inc.’s Q1 2024 Earnings (NYSE:YETI)

YETI Holdings, Inc. (NYSE:YETI) – Stock analysts at William Blair issued their Q1 2024 EPS estimates for shares of YETI in a report released on Wednesday, May 1st. William Blair analyst P. Blee anticipates that the company will earn $0.15 per share for the quarter. William Blair has a “Outperform” rating on the stock. The consensus estimate for YETI’s current full-year earnings is $2.27 per share. William Blair also issued estimates for YETI’s Q2 2024 earnings at $0.57 EPS, Q3 2024 earnings at $0.64 EPS, Q4 2024 earnings at $0.97 EPS, FY2024 earnings at $2.31 EPS and FY2025 earnings at $2.64 EPS.

A number of other research firms also recently commented on YETI. Canaccord Genuity Group decreased their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. KeyCorp increased their price objective on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research note on Friday, January 12th. Raymond James cut their price target on shares of YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. B. Riley reduced their price objective on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Stifel Nicolaus dropped their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average target price of $48.00.

YETI Price Performance

Shares of NYSE:YETI opened at $34.97 on Monday. The business’s 50 day simple moving average is $37.75 and its 200-day simple moving average is $42.38. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 1.35 and a beta of 2.26. YETI has a 12 month low of $33.88 and a 12 month high of $54.15.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same quarter in the previous year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in YETI. Baillie Gifford & Co. increased its position in YETI by 53.0% in the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after acquiring an additional 3,260,704 shares during the period. Vanguard Group Inc. lifted its stake in YETI by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 8,209,349 shares of the company’s stock valued at $425,080,000 after buying an additional 126,154 shares in the last quarter. Franklin Resources Inc. boosted its stake in YETI by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after purchasing an additional 629,287 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of YETI by 144.0% during the third quarter. Bank of New York Mellon Corp now owns 1,863,611 shares of the company’s stock valued at $89,863,000 after buying an additional 1,099,929 shares in the last quarter. Finally, Lord Abbett & CO. LLC grew its stake in YETI by 97.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company’s stock valued at $73,189,000 after acquiring an additional 748,671 shares in the last 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.