YETI (NYSE:YETI) Raised to “Buy” at Wall Street Zen

YETI (NYSE:YETI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

Several other brokerages have also recently weighed in on YETI. Canaccord Genuity Group upped their price objective on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Weiss Ratings cut shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Roth Mkm raised shares of YETI from a “neutral” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Tuesday, February 17th. Piper Sandler upped their price objective on shares of YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 17th. Finally, UBS Group decreased their price objective on shares of YETI from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Nine equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $50.42.

YETI Price Performance

Shares of YETI stock opened at $50.42 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.06 and a current ratio of 2.10. The firm’s 50-day simple moving average is $42.26 and its 200-day simple moving average is $43.32. YETI has a twelve month low of $29.12 and a twelve month high of $51.49. The firm has a market cap of $3.82 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 1.60 and a beta of 1.74.

YETI (NYSE:YETI) last issued its earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09. YETI had a net margin of 8.36% and a return on equity of 22.61%. The business had revenue of $380.41 million for the quarter, compared to analyst estimates of $374.73 million. During the same period in the previous year, the business earned $0.31 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, research analysts expect that YETI will post 2.44 EPS for the current fiscal year.

Hedge Funds Weigh In On YETI

A number of large investors have recently modified their holdings of the stock. Richardson Financial Services Inc. acquired a new position in YETI in the fourth quarter valued at approximately $25,000. Blue Trust Inc. lifted its holdings in YETI by 2,079.3% in the fourth quarter. Blue Trust Inc. now owns 632 shares of the company’s stock valued at $28,000 after buying an additional 603 shares during the period. SBI Securities Co. Ltd. lifted its holdings in YETI by 91.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after buying an additional 309 shares during the period. Quarry LP acquired a new position in YETI in the third quarter valued at approximately $30,000. Finally, Abich Financial Wealth Management LLC acquired a new position in YETI in the third quarter valued at approximately $39,000.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.