Brokerages Set YETI Holdings, Inc. (NYSE:YETI) PT at $55.57

Shares of YETI Holdings, Inc. (NYSE:YETI) have been given a consensus rating of “Moderate Buy” by the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $55.5714.

Several brokerages have commented on YETI. The Goldman Sachs Group upgraded YETI from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $63.00 in a report on Monday, July 20th. Bank of America raised their target price on shares of YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. UBS Group reissued a “neutral” rating on shares of YETI in a research report on Thursday. Stifel Nicolaus raised their price target on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, August 14th. Finally, Roth Capital reiterated a “buy” rating and issued a $62.00 price objective on shares of YETI in a research note on Friday, August 14th.

Hedge Funds Weigh In On YETI

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position 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 purchasing an additional 211 shares in the last quarter. Cardinal Point Capital Management ULC boosted its position in YETI by 0.7% in the fourth quarter. Cardinal Point Capital Management ULC now owns 41,845 shares of the company’s stock valued at $1,848,000 after buying an additional 300 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after buying an additional 309 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in YETI by 6.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock worth $250,000 after buying an additional 321 shares during the last quarter. Finally, IFP Advisors Inc increased its holdings in shares of YETI by 35.4% during the fourth quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock worth $55,000 after buying an additional 327 shares in the last quarter.

YETI Trading Up 1.6%

Shares of NYSE:YETI opened at $40.88 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $2.98 billion, a PE ratio of 17.85, a P/E/G ratio of 1.05 and a beta of 1.70. YETI has a 1 year low of $31.66 and a 1 year high of $53.99. The firm has a fifty day moving average price of $46.54 and a 200 day moving average price of $43.92.

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

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.