Wall Street Zen lowered shares of YETI (NYSE:YETI – Free Report) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.
A number of other research analysts have also recently weighed in on the stock. Piper Sandler lifted their target price on shares of YETI from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Bank of America increased their price target on YETI from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings raised YETI from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Raymond James Financial boosted their price objective on YETI from $55.00 to $56.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th. Finally, Robert W. Baird upped their price objective on YETI from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Thirteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.20.
View Our Latest Report on YETI
YETI Stock Performance
Shares of YETI opened at $45.91 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. The business has a 50-day simple moving average of $42.06 and a two-hundred day simple moving average of $43.97. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 1.27 and a beta of 1.63. YETI has a 52 week low of $34.90 and a 52 week high of $53.99.
YETI (NYSE:YETI – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%. The firm had revenue of $483.87 million for the quarter, compared to analysts’ expectations of $483.80 million. During the same period in the previous year, the firm earned $0.66 EPS. The business’s quarterly revenue was up 8.5% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, analysts expect that YETI will post 2.56 EPS for the current year.
Hedge Funds Weigh In On YETI
Hedge funds have recently modified their holdings of the stock. Reinhart Partners LLC. grew its stake in YETI by 5.1% during the second quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock valued at $162,423,000 after acquiring an additional 158,957 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in YETI by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company’s stock worth $69,043,000 after purchasing an additional 70,273 shares in the last quarter. Quantinno Capital Management LP lifted its stake in 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 YETI in the 2nd quarter worth $57,971,000. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of YETI by 38.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company’s stock valued at $34,780,000 after purchasing an additional 235,490 shares during the last quarter.
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.
See Also
- Five stocks we like better than YETI
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.
