YETI (NYSE:YETI) Given New $42.00 Price Target at Canaccord Genuity Group

YETI (NYSE:YETI) had its target price decreased by research analysts at Canaccord Genuity Group from $46.00 to $42.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group‘s target price indicates a potential upside of 9.57% from the stock’s current price.

YETI has been the subject of several other research reports. Ladenburg Thalmann & Co. Inc. initiated coverage on shares of YETI in a research report on Tuesday, October 13th. They issued a “buy” rating and a $52.00 price objective for the company. UBS Group set a $44.00 target price on shares of YETI in a research note on Thursday, October 15th. Robert W. Baird reduced their target price on shares of YETI from $57.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday. Weiss Ratings raised shares of YETI from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen cut shares of YETI from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.53.

YETI Stock Performance

Shares of NYSE:YETI opened at $38.33 on Friday. YETI has a twelve month low of $34.90 and a twelve month high of $53.99. The firm has a market cap of $2.80 billion, a PE ratio of 16.74, a price-to-earnings-growth ratio of 1.12 and a beta of 1.63. 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 business has a fifty day moving average of $42.13 and a 200-day moving average of $43.88.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.07. The business had revenue of $517.93 million during the quarter, compared to analysts’ expectations of $523.07 million. YETI had a return on equity of 23.79% and a net margin of 9.24%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. On average, equities research analysts predict that YETI will post 2.56 EPS for the current fiscal year.

Hedge Funds Weigh In On YETI

Several large investors have recently made changes to their positions in YETI. Reinhart Partners LLC. boosted its holdings in YETI by 5.1% in the second quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock valued at $162,423,000 after acquiring an additional 158,957 shares during the last quarter. Dimensional Fund Advisors LP increased its position in YETI by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company’s stock worth $69,043,000 after purchasing an additional 70,273 shares during the period. Quantinno Capital Management LP raised its holdings in YETI by 46.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock worth $68,467,000 after purchasing an additional 589,205 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in YETI during the 2nd quarter worth about $57,971,000. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in YETI by 38.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company’s stock valued at $34,780,000 after purchasing an additional 235,490 shares during the period.

Key YETI News

Investors following YETI have been watching these news items:

• Positive Sentiment: Third-quarter adjusted EPS rose 49% year over year to $0.91, above the roughly $0.84 analyst consensus. Adjusted sales increased 6% to about $518 million, with international sales up 19%. Read More.
• Negative Sentiment: Revenue of approximately $518 million missed analysts’ roughly $523 million estimate. More importantly, YETI cut its 2026 adjusted sales-growth outlook to about 6%, from 7%–8% previously, and now forecasts adjusted EPS of $2.90–$2.95. The company cited consumer caution as it heads into the holiday season. Read More. and Read More.
• Negative Sentiment: Piper Sandler downgraded YETI from overweight to neutral and cut its price target from $58 to $39, signaling reduced confidence in the near-term outlook. Read More.

YETI Company Profile

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.