YETI (NYSE:YETI) Stock Rated Buy in New Coverage at LADENBURG THALM/SH SH

Stock analysts at LADENBURG THALM/SH SH initiated coverage on shares of YETI (NYSE:YETI) in a report issued on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $52.00 price target on the stock. LADENBURG THALM/SH SH’s price objective would indicate a potential upside of 33.25% from the stock’s current price.

A number of other analysts have also commented on the stock. Piper Sandler upped their price objective 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. Wall Street Zen raised shares of YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Bank of America boosted their price target on shares of YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of YETI in a research report on Thursday, August 13th. Finally, Canaccord Genuity Group lifted their price target on YETI from $45.00 to $46.00 and gave the company a “hold” rating in a report on Monday, September 28th. Thirteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, YETI currently has an average rating of “Moderate Buy” and a consensus target price of $55.73.

YETI Stock Down 1.9%

YETI opened at $39.02 on Tuesday. The company has a market capitalization of $2.85 billion, a PE ratio of 17.04, a P/E/G ratio of 1.04 and a beta of 1.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 1.75. The stock’s fifty day moving average is $43.06 and its 200-day moving average is $44.15. YETI has a one year low of $31.88 and a one year high of $53.99.

YETI (NYSE:YETI) last released its quarterly earnings results 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. The business had revenue of $483.87 million during the quarter, compared to analyst estimates of $483.80 million. YETI had a return on equity of 23.79% and a net margin of 9.24%. YETI’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, equities analysts predict that YETI will post 2.58 EPS for the current fiscal year.

Institutional Trading of YETI

A number of institutional investors and hedge funds have recently modified their holdings of YETI. GAMMA Investing LLC boosted its holdings in shares of YETI by 4.3% during the 2nd quarter. GAMMA Investing LLC now owns 5,113 shares of the company’s stock worth $253,000 after buying an additional 211 shares during the period. Venturi Wealth Management LLC raised its holdings in YETI by 5.2% in the 1st quarter. Venturi Wealth Management LLC now owns 8,007 shares of the company’s stock worth $293,000 after acquiring an additional 396 shares during the period. Elevation Wealth Partners LLC grew its position in shares of YETI by 80.5% in the third quarter. Elevation Wealth Partners LLC now owns 888 shares of the company’s stock valued at $36,000 after purchasing an additional 396 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of YETI by 2.2% in the first quarter. State of Michigan Retirement System now owns 18,747 shares of the company’s stock worth $686,000 after purchasing an additional 400 shares during the period. Finally, Wedmont Private Capital increased its stake in shares of YETI by 8.2% in the third quarter. Wedmont Private Capital now owns 5,600 shares of the company’s stock worth $222,000 after purchasing an additional 425 shares during the period.

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.