Q1 2024 Earnings Estimate for YETI Holdings, Inc. (NYSE:YETI) Issued By William Blair

YETI Holdings, Inc. (NYSE:YETI) – Equities researchers at William Blair issued their Q1 2024 EPS estimates for YETI in a research note issued to investors on Wednesday, May 1st. William Blair analyst P. Blee forecasts that the company will earn $0.15 per share for the quarter. William Blair currently 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.

Other research analysts also recently issued reports about the company. B. Riley dropped their price target on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. KeyCorp boosted their target price on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, January 12th. Canaccord Genuity Group reduced their price target on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a report on Friday, April 5th. Stifel Nicolaus dropped their price objective on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. Finally, Raymond James reduced their target price on shares of YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. One 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’s stock. Based on data from MarketBeat.com, YETI currently has an average rating of “Hold” and an average price target of $48.00.

YETI Price Performance

Shares of YETI stock opened at $35.55 on Monday. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $37.66 and a 200-day simple moving average of $42.34. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 1.35 and a beta of 2.26. YETI has a 1-year low of $33.88 and a 1-year high of $54.15.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). The company 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in YETI. Swiss National Bank boosted its holdings in YETI by 0.3% during the first quarter. Swiss National Bank now owns 171,400 shares of the company’s stock worth $6,607,000 after buying an additional 500 shares during the last quarter. Mystic Asset Management Inc. increased its holdings in shares of YETI by 3.1% in the first quarter. Mystic Asset Management Inc. now owns 18,525 shares of the company’s stock worth $714,000 after acquiring an additional 550 shares in the last quarter. SG Americas Securities LLC raised its position in shares of YETI by 259.4% during the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after purchasing an additional 15,280 shares during the period. Quantbot Technologies LP bought a new position in shares of YETI during the 1st quarter valued at about $880,000. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of YETI by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 76,013 shares of the company’s stock valued at $2,930,000 after purchasing an additional 984 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.