YETI (NYSE:YETI) Shares Gap Down – Here’s What Happened

YETI Holdings, Inc. (NYSE:YETI)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $50.84, but opened at $46.00. YETI shares last traded at $45.0480, with a volume of 923,717 shares.

Trending Headlines about YETI

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI reported second-quarter adjusted earnings of $0.67 per share, ahead of the $0.54-$0.55 analyst consensus and slightly above $0.66 a year earlier. Revenue rose approximately 9% year over year to $483.87 million, narrowly exceeding estimates. Yeti Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its fiscal 2026 adjusted EPS outlook to $2.94-$3.00, above the roughly $2.80 consensus estimate. The company maintained revenue guidance of approximately $2.0 billion, broadly in line with expectations. YETI Reports Second Quarter 2026 Results
• Positive Sentiment: Broad-based sales strength and plans to return $130 million to shareholders through share repurchases support the investment case. YETI also scheduled an investor day for September 17, which could provide additional details on its growth strategy. YETI Holdings Tops Profit Estimates on Broad-Based Sales Strength
• Neutral Sentiment: YETI appointed CEO Matthew Reintjes as board chair, consolidating leadership responsibilities. The move may improve strategic alignment but also increases reliance on the current leadership team. YETI Appoints CEO Matthew Reintjes as Board Chair
• Negative Sentiment: Reports highlighting coolers and other gear being sold below retail could raise concerns about promotional intensity and potential pressure on margins, although the articles do not quantify the impact on results. Yeti Gear Offered Below Retail

Analysts Set New Price Targets

YETI has been the topic of several analyst reports. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of YETI in a report on Friday, May 15th. Stifel Nicolaus set a $42.00 price objective on shares of YETI in a research report on Friday, May 15th. UBS Group lifted their target price on YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Canaccord Genuity Group boosted their target price on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, Piper Sandler increased their price target on YETI from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.17.

YETI Price Performance

The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06. The company’s 50-day moving average price is $49.80 and its 200-day moving average price is $44.73. The company has a market cap of $3.39 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.60 and a beta of 1.72.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. The business had revenue of $483.87 million for the quarter, compared to analysts’ expectations of $483.80 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. As a group, sell-side analysts predict that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of YETI. Bank of New York Mellon Corp acquired a new position in shares of YETI during the 2nd quarter worth about $57,971,000. Cooper Creek Partners Management LLC acquired a new stake in shares of YETI in the third quarter valued at about $36,150,000. Morgan Stanley raised its holdings in YETI by 117.5% during the fourth quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock worth $83,232,000 after acquiring an additional 1,017,947 shares in the last quarter. Clark Capital Management Group Inc. bought a new stake in YETI during the fourth quarter worth about $44,666,000. Finally, Disciplined Growth Investors Inc. MN acquired a new position in YETI during the third quarter valued at approximately $25,640,000.

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.