YETI Holdings, Inc. (NYSE:YETI) Expected to Post Q1 2024 Earnings of $0.15 Per Share

YETI Holdings, Inc. (NYSE:YETI) – William Blair issued their Q1 2024 earnings per share estimates for shares of YETI in a report issued 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.

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

YETI Stock Up 0.6 %

Shares of NYSE:YETI opened at $34.61 on Monday. The stock has a market capitalization of $2.95 billion, a P/E ratio of 17.75, a price-to-earnings-growth ratio of 1.36 and a beta of 2.26. The stock’s 50-day moving average price is $37.82 and its 200-day moving average price is $42.42. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. 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 the consensus estimate of $0.96 by ($0.06). The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. YETI’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 earnings per share.

Institutional Trading of YETI

Several institutional investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC purchased a new position in shares of YETI during the first quarter valued at approximately $35,000. Sachetta LLC purchased a new stake in YETI during the 4th quarter valued at $53,000. Principal Securities Inc. bought a new position in shares of YETI during the 4th quarter valued at $74,000. Signaturefd LLC boosted its stake in shares of YETI by 27.0% in the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after buying an additional 368 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new stake in shares of YETI in the fourth quarter worth $100,000.

About YETI

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.