YETI Holdings, Inc. (NYSE:YETI) Receives Average Rating of “Moderate Buy” from Brokerages

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

A number of research firms have recently commented on YETI. The Goldman Sachs Group upgraded shares of YETI from a “neutral” rating to a “buy” rating and upped their price target for the stock from $46.00 to $63.00 in a report on Monday, July 20th. Weiss Ratings upgraded shares of YETI from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Morgan Stanley boosted their price objective on shares of YETI from $48.00 to $49.00 and gave the company an “equal weight” rating in a research report on Thursday, August 20th. Robert W. Baird upped their target price on shares of YETI from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. Finally, Raymond James Financial lifted their price target on shares of YETI from $55.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th.

YETI Stock Performance

Shares of NYSE:YETI opened at $39.44 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. YETI has a 12 month low of $31.66 and a 12 month high of $53.99. The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.05 and a beta of 1.68. The firm’s 50-day moving average is $43.67 and its 200 day moving average is $44.09.

YETI (NYSE:YETI) last announced its quarterly earnings data 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 business had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. During the same quarter last year, the firm earned $0.66 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Research analysts predict that YETI will post 2.58 EPS for the current year.

Hedge Funds Weigh In On YETI

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new stake in YETI during the second quarter valued at about $2,527,000. Hillsdale Investment Management Inc. raised its holdings in YETI by 21,066.7% in the first quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company’s stock worth $3,485,000 after purchasing an additional 94,800 shares in the last quarter. Quantedge Capital Pte Ltd bought a new position in YETI in the first quarter worth about $904,000. Renaissance Technologies LLC lifted its position in shares of YETI by 105.5% during the first quarter. Renaissance Technologies LLC now owns 85,500 shares of the company’s stock valued at $3,128,000 after buying an additional 43,900 shares during the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of YETI by 2,858.7% in the 1st quarter. Empowered Funds LLC now owns 289,125 shares of the company’s stock valued at $10,579,000 after buying an additional 279,353 shares in the last quarter.

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.