Latest news with #YetiHoldings
Business Insider
4 days ago
- Business
- Business Insider
William Blair Sticks to Their Buy Rating for Yeti Holdings (YETI)
William Blair analyst Phillip Blee maintained a Buy rating on Yeti Holdings (YETI – Research Report) today. The company's shares closed today at $31.39. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Blee is a 3-star analyst with an average return of 7.2% and a 57.89% success rate. Blee covers the Consumer Cyclical sector, focusing on stocks such as Costco, Traeger, and RH. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Yeti Holdings with a $35.43 average price target.
Washington Post
08-05-2025
- Business
- Washington Post
Yeti: Q1 Earnings Snapshot
AUSTIN, Texas — AUSTIN, Texas — Yeti Holdings Inc. (YETI) on Thursday reported first-quarter net income of $16.6 million. The Austin, Texas-based company said it had profit of 20 cents per share. Earnings, adjusted for one-time gains and costs, were 31 cents per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
Yahoo
21-04-2025
- Business
- Yahoo
Yeti Holdings (YETI): Among Recent Activist Investor Campaigns
We recently published a list of . In this article, we are going to take a look at where Yeti Holdings, Inc. (NYSE:YETI) stands against other recent activist investor campaigns. Economic uncertainty and market volatility are some of the factors fueling activist investor campaigns in 2025. In the first quarter alone, there was a 17% jump in activist campaigns, affirming how high-profile activist investors are becoming agitated and increasingly pushing for strategic changes aimed at unlocking shareholder value. 'We are in a phase where activists continue to take advantage of all the uncertainties,' said Jim Rossman, global head of shareholder advisory at Barclays. 'In early 2025 we have seen more fights, more settlements and more board seats won by the activists than we did this time a year ago.' The US remains the epicenter of shareholder activism, accounting for over half of the first quarter's campaigns. Japan comes second with 16 campaigns, accounting for a 45% increase compared to the same period last year. The fresh efforts this year follow a record number of activist shareholders targeting businesses around the world in 2024. Additionally, the campaigns are on the rise owing to the market instability caused by President Donald Trump's tariffs, widespread layoffs at U.S. government agencies, and recessionary fears. READ ALSO: Billionaire Rob Citrone's Top 10 Stock Picks and Jeff Smith's Top 10 Activist Targets and Their Returns Compared to the S&P 500. According to a Barclays report, many activist investors remain focused on pushing for board changes. It also emerged that activists increasingly have their way as part of the campaigns, having won 51 board seats, up 34% from the same quarter a year ago. Secondly, activist investors are also agitating for strategic and operational changes, believing they could help unlock hidden value. Finally, 26% of the campaigns pushed for merger and acquisition activity, a significant drop from the historical average of 45%. Demands for merger & acquisition actions, such as selling a firm or selling business units, are still largely ignored, appearing in only around 25% of campaigns. Since the worldwide deal volume reached a record high in 2021, M&A requests have decreased by around half. Although fewer activist campaigns were submitted by sustainability-minded shareholder activists to business annual meetings this year, conflicts on issues like corporate diversity initiatives still exist. As of February 21, investors pressuring corporations on environmental, social, and governance (ESG) issues submitted 355 shareholder proposals, compared to 536 at the same time in 2024 and 542 at the same time in 2023. The decline came amid growing concerns that big investors will not support the measures. Additionally, ESG-focused activist investors also remained wary that Republican regulators would not approve their resolutions to go to a vote. Additionally, the decline came as companies became wary of unnecessary public battles, opting to make changes to avoid unwanted proxy fights. Activism is also becoming a popular strategy for newcomers, including freshly founded hedge funds that have never launched a campaign before. These funds are anxious to make a return in difficult times and are emboldened by the success of others. According to the data, eleven so-called first-timers ran campaigns during the quarter. Looking ahead to the remainder of 2025, Barclays bankers anticipate that the majority of activity will continue to be concentrated on U.S. corporations and that more companies will have to respond to shareholder demands. We sifted through financial media reports and news articles to identify 15 recent activist investor campaigns. We then examined some of the strategic changes that the activist investors are agitating and the impact they are likely to have in the long run. Finally, we ranked the activist campaigns in ascending order based on when they occurred. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A family enjoying a camping trip, with the company's coolers, cargo bags, and other outdoor lifestyle products in the Holdings, Inc. (NYSE:YETI) is a designer, retailer, and distributor of premium outdoor products. The company is best known for its high-end coolers, drinkware, bags, backpacks, and other outdoor gear. While the stock has underperformed the market, going down by about 40% over the past year, activist investor Engaged Capital insists it could triple in value over the next three years. Consequently, the activist investor has pushed for strategic changes to revitalize the company's growth prospects. Part of the changes entails changes to the board, with the addition of two new directors. In addition, the activist hedge fund has urged Yeti Holdings, Inc. (NYSE:YETI) to pursue growth strategies and focus on returning cash to shareholders as one of the ways of bolstering the stock's sentiments in the market. Yeti Holdings is also ahead of its plans in moving its drinkware production out of China even as it looks for alternate production locations. By the end of 2025, the company anticipates having 80% of its drinkware capacity outside of China. The hedge fund has also pushed Yeti Holdings Inc. (NYSE:YETI) to organize conferences, host an investor day, and communicate with shareholders more frequently to enhance investor relations. Overall, YETI ranks 1st on our list of recent activist investor campaigns. While we acknowledge the potential of YETI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than YETI but that trades at less than 5 times its earnings check out our report about this cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Reuters
04-04-2025
- Business
- Reuters
Trump tariffs, economic uncertainty fuel more settlements between CEOs and activists
NEW YORK, April 4 (Reuters) - Shares of Yeti Holdings (YETI.N), opens new tab tumbled in December and again in March when President Donald Trump threatened tariffs against China, where the company had some of its biggest factories. Behind the headlines, Yeti, the Austin, Texas-based maker of $300 coolers and $40 travel mugs, was facing another problem. Hedge fund Engaged Capital was pushing management to return cash to shareholders, expand into new geographies, and be more transparent with investors, according to people familiar with the talks. Those changes, the hedge fund forecast, could help Yeti shares triple over the next three years. Facing market volatility and questions over consumer demand, Yeti and Engaged announced a settlement that ended a potentially messy fight and lifted shares nearly 6% that day. Yeti did not respond to requests for comment. Peace at Yeti is part of a growing trend as corporations and their agitators decide to find common ground amid prospects of a tariff war, mass layoffs at U.S. government agencies and the increasing threat of a recession that is clouding the business outlook and weighing on stock prices, according to nearly a dozen investors, lawyers, bankers and analysts. Twenty-nine global companies reached settlements in the first quarter, marking a 32% jump from a year ago, according to Barclays. "If this uncertainty in the markets continues, I suspect there will be more settlements in the months ahead as fewer fights are likely to go to a vote," said Duncan Herrington, a managing partner at consulting firm Jasper Street Partners. Other recent settlements include cybersecurity company Rapid7 (RPD.O), opens new tab which agreed with Jana Partners to add three directors. And consumer health company Kenvue (KVUE.N), opens new tab, which boasts household brands Band-Aid and Tylenol, settled with Starboard Value. Corporate chiefs, who just navigated the Covid-19 pandemic, have told bankers and lawyers they need to remove distractions like board fights to concentrate on running their companies. "Many companies want to take risk off the table so they can focus on their businesses," said Lawrence Elbaum, co-head of law firm Vinson & Elkins' shareholder activism practice. "And activists are suffering as their returns are getting hammered so they also want quick settlements." To be sure, big board fights are still proceeding at companies including U.S. Steel (X.N), opens new tab, Phillips 66 (PSX.N), opens new tab and Autodesk ADSK.O, illustrating it is too soon to declare peace all over corporate America. But both sides are showing flexibility and eagerness to settle. "People are more willing to play ball," Jasper Street's Herrington said. Activists who once tried to put their founders on boards are now less wedded to scoring a board seat for themselves. On the company side, more boards are more willing to consider candidates proposed by activist investors, especially if they bring deep industry experience, bankers and lawyers said. Engaged Capital, for example, wanted Yeti to expand its product offerings, people familiar with the selection process said, so it introduced Arne Arens to management. Arens, who has expertise in the clothing sector, is now a director at the company. Many activists, meanwhile, have seen their positions lose money this year so they are more cautious about pressing on with a costly and uncertain fight. "You have to do the math and calculate what are my chances to win a fight," said Lyndon Park, who is the head of ICR Shareholder Advisory. "If both sides are willing to agree, then a settlement is not a loss."
