KeyCorp Issues Pessimistic Forecast for YETI (NYSE:YETI) Stock Price

YETI (NYSE:YETI) had its price objective decreased by research analysts at KeyCorp from $57.00 to $49.00 in a report released on Friday, MarketBeat.com reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp‘s target price indicates a potential upside of 24.54% from the stock’s previous close.

YETI has been the topic of several other research reports. Canaccord Genuity Group lifted their price target on shares of YETI from $45.00 to $46.00 and gave the company a “hold” rating in a report on Monday, September 28th. Robert W. Baird decreased their price objective on shares of YETI from $57.00 to $50.00 and set an “outperform” rating for the company in a report on Friday. Bank of America raised their target price on shares of YETI from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 target price on shares of YETI in a research note on Thursday, August 13th. Finally, Stifel Nicolaus reduced their price target on shares of YETI from $50.00 to $48.00 and set a “buy” rating on the stock in a research report on Friday. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.67.

YETI Trading Up 2.7%

NYSE YETI traded up $1.04 on Friday, hitting $39.34. The company’s stock had a trading volume of 4,652,515 shares, compared to its average volume of 1,810,075. YETI has a 52-week low of $34.90 and a 52-week high of $53.99. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.10. The company’s 50-day simple moving average is $42.09 and its 200 day simple moving average is $43.84. The firm has a market cap of $2.87 billion, a P/E ratio of 16.33, a PEG ratio of 1.01 and a beta of 1.63.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, November 12th. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. YETI had a return on equity of 27.19% and a net margin of 9.39%. The firm had revenue of $509.42 million for the quarter, compared to analyst estimates of $523.07 million. During the same period last year, the company earned $0.48 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that YETI will post 2.56 EPS for the current fiscal year.

Institutional Trading of YETI

Hedge funds and other institutional investors have recently modified their holdings of the business. Reinhart Partners LLC. increased its stake in shares of YETI by 5.1% in the 2nd quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock worth $162,423,000 after acquiring an additional 158,957 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of YETI by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company’s stock valued at $69,043,000 after purchasing an additional 70,273 shares during the last quarter. Quantinno Capital Management LP boosted its position in shares of YETI by 46.0% in the 1st quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock worth $68,467,000 after purchasing an additional 589,205 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of YETI in the 2nd quarter worth approximately $57,971,000. Finally, Fort Washington Investment Advisors Inc. OH grew its stake in shares of YETI by 38.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company’s stock worth $34,780,000 after buying an additional 235,490 shares during the last quarter.

Key Headlines Impacting YETI

Here are a few of the latest headlines about YETI:

• Neutral Sentiment: Several firms cut price targets, but many maintained bullish ratings: Citigroup and Stifel kept “buy,” while Roth Capital, KeyCorp and Baird also retained positive ratings. The lower targets nevertheless reflect more cautious expectations. Citigroup rating
• Negative Sentiment: YETI’s reported revenue of $509.4 million missed analyst expectations of about $523.1 million. The company cut its 2026 adjusted sales growth outlook to about 6%, from 7%–8% previously, and lowered its earnings outlook. Management cited consumer caution and softer demand in the U.S. and Canada, raising concerns about holiday-season sales. Article: Yeti Cuts Year Outlook on Consumer Caution
• Negative Sentiment: Piper Sandler downgraded YETI from “overweight” to “neutral” and cut its price target to $39 from $58. Canaccord also moved to “hold,” while multiple other analysts reduced targets, reinforcing the cautious outlook. Piper Sandler rating

About YETI

YETI Holdings, Inc. designs, markets and distributes premium outdoor products. Founded in 2006 by brothers Roy and Ryan Seiders, the company is headquartered in Austin, Texas. Its product lineup includes hard and soft coolers, insulated drinkware, bags, outdoor and camping equipment, and related accessories. YETI sells through its website, company-operated stores and a network of retail partners. The company serves customers in the United States and international markets, including Canada, Europe, Australia and parts of Asia.