YETI (NYSE:YETI) Price Target Raised to $40.00

YETI (NYSE:YETI) had its price target raised by Canaccord Genuity Group from $37.00 to $40.00 in a report published on Thursday,Benzinga reports. The firm currently has a hold rating on the stock.

Several other research firms have also commented on YETI. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Stifel Nicolaus increased their price objective on YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Finally, B. Riley reissued a “neutral” rating and set a $35.00 target price (up from $32.00) on shares of YETI in a research note on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.82.

YETI Trading Up 0.2%

Shares of NYSE:YETI opened at $49.27 on Thursday. The company has a market capitalization of $3.83 billion, a PE ratio of 25.66, a PEG ratio of 2.74 and a beta of 1.77. YETI has a 12-month low of $26.61 and a 12-month high of $50.34. The business has a 50 day moving average of $41.78 and a two-hundred day moving average of $37.10. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last announced its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, analysts forecast that YETI will post 2.57 EPS for the current year.

Insider Activity

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the transaction, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.94% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On YETI

A number of institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in YETI by 109.3% during the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after acquiring an additional 468 shares during the last quarter. True Wealth Design LLC lifted its position in shares of YETI by 141.1% during the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares during the last quarter. IFP Advisors Inc grew its stake in YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after purchasing an additional 865 shares in the last quarter. Quarry LP bought a new stake in YETI in the third quarter valued at about $30,000. Finally, Parallel Advisors LLC increased its holdings in YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares during the last quarter.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.