YETI (NYSE:YETI) Price Target Raised to $46.00

YETI (NYSE:YETI) had its price target hoisted by Canaccord Genuity Group from $45.00 to $46.00 in a research report released on Monday, Marketbeat.com reports. Canaccord Genuity Group currently has a hold rating on the stock.

Several other research analysts have also recently issued reports on the stock. Raymond James Financial increased their target price on shares of YETI from $55.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. UBS Group restated a “buy” rating on shares of YETI in a report on Monday, September 21st. Robert W. Baird upped their price target on shares of YETI from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Friday, August 14th. The Goldman Sachs Group upgraded shares of YETI from a “neutral” rating to a “buy” rating and increased their price objective for the company from $46.00 to $63.00 in a research note on Monday, July 20th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $80.00 price objective on shares of YETI in a research note on Thursday, August 13th. Twelve investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

YETI Trading Down 3.6%

Shares of NYSE YETI opened at $41.03 on Monday. YETI has a twelve month low of $31.66 and a twelve month high of $53.99. The firm has a market cap of $2.99 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.11 and a beta of 1.70. The business has a fifty day simple moving average of $44.71 and a two-hundred day simple moving average of $43.96. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $483.87 million for the quarter, compared to the consensus estimate of $483.80 million. YETI had a return on equity of 23.79% and a net margin of 9.24%.The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Analysts expect that YETI will post 2.58 earnings per share for the current fiscal year.

Institutional Trading of YETI

A number of institutional investors have recently modified their holdings of the company. Cim Investment Management Inc. lifted its position in YETI by 7.3% during the second quarter. Cim Investment Management Inc. now owns 10,538 shares of the company’s stock valued at $522,000 after acquiring an additional 720 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in YETI by 18.5% in the second quarter. Sequoia Financial Advisors LLC now owns 16,542 shares of the company’s stock valued at $820,000 after acquiring an additional 2,577 shares in the last quarter. WINTON GROUP Ltd purchased a new position in YETI in the second quarter worth $208,000. Engineers Gate Manager LP acquired a new position in shares of YETI during the second quarter worth $258,000. Finally, NewEdge Advisors LLC acquired a new position in shares of YETI during the second quarter worth $282,000.

YETI Company Profile

YETI Holdings, Inc designs, markets and distributes premium products for outdoor, recreation and everyday use. Its product portfolio includes hard and soft coolers, drinkware, bags, outdoor cooking products and related accessories designed for durability and performance.

The company sells its products through its direct-to-consumer business, including its website and retail stores, as well as through independent retailers and other wholesale channels. YETI serves customers primarily in the United States and Canada, with an expanding international presence.

YETI was founded in 2006 by brothers Roy and Ryan Seiders and is headquartered in Austin, Texas.