YETI (NYSE:YETI) Downgraded to “Hold” Rating by Wall Street Zen
by Jessica Moore · The Cerbat GemWall Street Zen cut shares of YETI (NYSE:YETI – Free Report) from a buy rating to a hold rating in a research note published on Sunday.
Other analysts have also recently issued research reports about the stock. Citigroup boosted their target price on shares of YETI from $44.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, February 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. Roth Mkm raised shares of YETI from a “neutral” rating to a “buy” rating and set a $60.00 target price on the stock in a research note on Tuesday, February 17th. KeyCorp raised shares of YETI from a “sector weight” rating to an “overweight” rating and set a $57.00 target price on the stock in a research note on Friday, January 16th. Finally, Piper Sandler boosted their target price on shares of YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.
Get Our Latest Research Report on YETI
YETI Stock Performance
NYSE YETI opened at $41.19 on Friday. The firm’s fifty day moving average price is $40.57 and its two-hundred day moving average price is $41.06. The stock has a market cap of $3.12 billion, a PE ratio of 20.29 and a beta of 1.80. YETI has a fifty-two week low of $26.70 and a fifty-two week high of $51.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.11 and a current ratio of 1.98.
YETI (NYSE:YETI – Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.04. The firm had revenue of $583.71 million for the quarter, compared to analysts’ expectations of $582.43 million. YETI had a net margin of 8.85% and a return on equity of 22.53%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 earnings per share. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. On average, equities analysts expect that YETI will post 2.57 EPS for the current fiscal year.
Institutional Investors Weigh In On YETI
Institutional investors and hedge funds have recently made changes to their positions in the stock. Reinhart Partners LLC. increased its stake in shares of YETI by 24.2% in the third quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock valued at $88,323,000 after buying an additional 519,102 shares during the period. Congress Asset Management Co. increased its stake in shares of YETI by 4.8% in the fourth quarter. Congress Asset Management Co. now owns 1,293,164 shares of the company’s stock valued at $57,119,000 after buying an additional 59,474 shares during the period. SG Americas Securities LLC increased its stake in shares of YETI by 16,553.6% in the fourth quarter. SG Americas Securities LLC now owns 747,747 shares of the company’s stock valued at $33,028,000 after buying an additional 743,257 shares during the period. Cardinal Capital Management acquired a new stake in shares of YETI in the third quarter valued at about $1,077,000. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of YETI in the third quarter valued at about $744,000.
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.