YETI (NYSE:YETI) Posts Earnings Results, Beats Estimates By $0.06 EPS

YETI (NYSE:YETI – Get Rating) released its quarterly earnings results on Wednesday. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06, MarketWatch Earnings reports. YETI had a net margin of 15.07% and a return on equity of 52.00%. During the same quarter in the previous year, the firm posted $0.35 earnings per share. YETI updated its FY 2022 guidance to $2.86-$2.91 EPS.

NYSE:YETI opened at $45.30 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.91. The company has a fifty day moving average of $55.70 and a two-hundred day moving average of $71.62. The stock has a market capitalization of $3.94 billion, a PE ratio of 18.88, a P/E/G ratio of 1.10 and a beta of 2.57. YETI has a fifty-two week low of $42.09 and a fifty-two week high of $108.82.

Large investors have recently bought and sold shares of the business. Morgan Stanley grew its holdings in shares of YETI by 17.5% in the second quarter. Morgan Stanley now owns 888,163 shares of the company’s stock valued at $81,551,000 after purchasing an additional 132,276 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of YETI by 9.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 3,555 shares of the company’s stock valued at $294,000 after purchasing an additional 310 shares during the period. Legal & General Group Plc grew its holdings in shares of YETI by 3.2% in the fourth quarter. Legal & General Group Plc now owns 144,474 shares of the company’s stock valued at $11,966,000 after purchasing an additional 4,532 shares during the period. Schonfeld Strategic Advisors LLC purchased a new stake in shares of YETI in the fourth quarter valued at about $566,000. Finally, Stifel Financial Corp grew its holdings in shares of YETI by 2.4% in the fourth quarter. Stifel Financial Corp now owns 47,600 shares of the company’s stock valued at $3,942,000 after purchasing an additional 1,112 shares during the period. Institutional investors own 96.33% of the company’s stock.

A number of equities research analysts recently weighed in on YETI shares. Berenberg Bank upgraded shares of YETI from a “hold” rating to a “buy” rating and decreased their price objective for the company from $103.00 to $92.00 in a report on Thursday, April 7th. Raymond James reduced their price target on shares of YETI from $86.00 to $73.00 in a report on Thursday. Zacks Investment Research upgraded shares of YETI from a “sell” rating to a “hold” rating in a report on Thursday, April 21st. Robert W. Baird reduced their price target on shares of YETI from $90.00 to $70.00 in a report on Thursday. Finally, Credit Suisse Group reduced their price target on shares of YETI from $115.00 to $100.00 in a report on Wednesday, January 26th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $90.38.

YETI Company Profile (Get Rating)

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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