YETI (NYSE:YETI) Downgraded by Wall Street Zen to “Hold”

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

A number of other brokerages have also commented on YETI. 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 report on Tuesday, April 7th. Morgan Stanley boosted their target price on shares of YETI from $47.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 19th. Raymond James Financial reaffirmed an “outperform” rating and issued a $55.00 target price on shares of YETI in a research note on Friday, May 15th. Citigroup upped their target price on shares of YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Finally, Robert W. Baird increased their price target on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Nine research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $50.42.

YETI Trading Down 0.2%

YETI stock opened at $48.89 on Friday. The business has a fifty day moving average price of $43.47 and a 200 day moving average price of $43.59. YETI has a fifty-two week low of $29.12 and a fifty-two week high of $51.89. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 1.54 and a beta of 1.74. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.10 and a quick ratio of 1.06.

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

Hedge Funds Weigh In On YETI

Large investors have recently made changes to their positions in the company. Dean Capital Management lifted its position in YETI by 40.2% during the 3rd quarter. Dean Capital Management now owns 107,565 shares of the company’s stock valued at $3,569,000 after purchasing an additional 30,822 shares during the period. Congress Asset Management Co. grew its position in shares of YETI by 4.8% during the 4th quarter. Congress Asset Management Co. now owns 1,293,164 shares of the company’s stock worth $57,119,000 after buying an additional 59,474 shares during the period. SG Americas Securities LLC grew its position in shares of YETI by 16,553.6% during the 4th quarter. SG Americas Securities LLC now owns 747,747 shares of the company’s stock worth $33,028,000 after buying an additional 743,257 shares during the period. Baillie Gifford & Co. raised its stake in shares of YETI by 50.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock worth $174,259,000 after buying an additional 1,330,278 shares during the last quarter. Finally, Cresset Asset Management LLC raised its stake in shares of YETI by 40.4% during the third quarter. Cresset Asset Management LLC now owns 78,292 shares of the company’s stock worth $2,598,000 after buying an additional 22,521 shares during the last quarter.

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.