YETI Holdings, Inc. (NYSE:YETI) Stock Has Average Target Price of $56.00 According to Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $56.00.

Several research analysts have issued reports on YETI shares. Roth Capital restated a “buy” rating and set a $62.00 target price on shares of YETI in a research report on Friday, August 14th. Canaccord Genuity Group raised their price target on YETI from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. Morgan Stanley boosted their price objective on YETI from $48.00 to $49.00 and gave the company an “equal weight” rating in a report on Thursday, August 20th. Robert W. Baird upped their price objective on YETI from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Finally, Piper Sandler increased their target price on YETI from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. lifted its holdings in YETI by 5.1% during the 2nd quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock valued at $162,423,000 after buying an additional 158,957 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 worth $69,043,000 after acquiring an additional 70,273 shares during the period. Quantinno Capital Management LP raised its stake in shares of YETI by 46.0% during the first quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock valued at $68,467,000 after acquiring an additional 589,205 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of YETI during the second quarter valued at approximately $57,971,000. Finally, Clark Capital Management Group Inc. purchased a new stake in shares of YETI in the fourth quarter valued at approximately $44,666,000.

YETI Trading Down 0.6%

Shares of NYSE YETI opened at $40.63 on Friday. YETI has a 1-year low of $31.66 and a 1-year high of $53.99. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 0.87. The business’s 50 day moving average is $44.14 and its two-hundred day moving average is $44.04. The stock has a market capitalization of $2.97 billion, a P/E ratio of 17.74, a PEG ratio of 1.06 and a beta of 1.68.

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

About YETI

YETI Holdings, Inc is a designer, retailer and distributor of premium outdoor products. Founded in 2006 by brothers Roy and Ryan Seiders, the company is headquartered in Austin, Texas, and focuses on products designed for outdoor recreation, travel and everyday use.

YETI’s product portfolio includes insulated drinkware, hard and soft coolers, outdoor gear, bags, luggage, cookware, outdoor living products and related accessories. Its offerings are marketed for activities such as fishing, hunting, camping, boating, sporting events and other outdoor pursuits, with an emphasis on durability and performance.

The company sells its products through its direct-to-consumer website, company-operated retail stores and third-party retailers and distributors.