YETI (NYSE:YETI) Stock Price Down 4.8% – Here’s Why

YETI Holdings, Inc. (NYSE:YETI) shares were down 4.8% on Wednesday. The stock traded as low as $42.13 and last traded at $42.6380. Approximately 2,814,954 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 1,515,192 shares. The stock had previously closed at $44.77.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on YETI shares. Raymond James Financial boosted their price objective on shares of YETI from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Ladenburg Thalmann & Co. Inc. started coverage on YETI in a research report on Tuesday, October 13th. They set a “buy” rating and a $52.00 price objective on the stock. Piper Sandler lifted their price target on shares of YETI from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Roth Capital reissued a “buy” rating and issued a $62.00 price target on shares of YETI in a report on Friday, August 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $80.00 price objective on shares of YETI in a research note on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, YETI presently has an average rating of “Moderate Buy” and an average target price of $55.20.

YETI Stock Performance

The company has a market capitalization of $3.10 billion, a P/E ratio of 18.55, a PEG ratio of 1.20 and a beta of 1.63. The stock has a fifty day simple moving average of $42.14 and a 200-day simple moving average of $43.95. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $483.80 million. During the same period in the previous year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts forecast that YETI Holdings, Inc. will post 2.56 EPS for the current year.

Hedge Funds Weigh In On YETI

Several institutional investors have recently modified their holdings of YETI. GAMMA Investing LLC boosted its stake in 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 acquiring an additional 211 shares during the last quarter. Covestor Ltd increased its stake in YETI by 27.3% in the third quarter. Covestor Ltd now owns 1,479 shares of the company’s stock valued at $60,000 after purchasing an additional 317 shares in the last quarter. Voya Investment Management LLC raised its holdings in YETI by 2.5% in the third quarter. Voya Investment Management LLC now owns 14,731 shares of the company’s stock worth $604,000 after purchasing an additional 362 shares during the period. Fifth Third Bancorp raised its holdings in YETI by 1.3% in the third quarter. Fifth Third Bancorp now owns 28,092 shares of the company’s stock worth $1,152,000 after purchasing an additional 370 shares during the period. Finally, Elevation Wealth Partners LLC raised its holdings in YETI by 80.5% in the third quarter. Elevation Wealth Partners LLC now owns 888 shares of the company’s stock worth $36,000 after purchasing an additional 396 shares during the period.

About YETI

YETI Holdings, Inc. designs, markets and distributes premium outdoor products. Founded in 2006 by brothers Roy and Ryan Seiders, the company is headquartered in Austin, Texas. Its product lineup includes hard and soft coolers, insulated drinkware, bags, outdoor and camping equipment, and related accessories. YETI sells through its website, company-operated stores and a network of retail partners. The company serves customers in the United States and international markets, including Canada, Europe, Australia and parts of Asia.