Canaccord Genuity Group Issues Pessimistic Forecast for YETI (NYSE:YETI) Stock Price

YETI (NYSE:YETI) had its target price decreased by equities research analysts at Canaccord Genuity Group from $46.00 to $42.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group‘s price target would suggest a potential upside of 6.75% from the stock’s previous close.

Other analysts have also issued reports about the stock. Roth Capital restated a “buy” rating and set a $62.00 target price on shares of YETI in a research report on Friday, August 14th. The Goldman Sachs Group raised shares of YETI from a “neutral” rating to a “buy” rating and upped their target price for the company from $46.00 to $63.00 in a report on Monday, July 20th. Jefferies Financial Group reiterated a “buy” rating and issued a $80.00 price target on shares of YETI in a research report on Thursday, August 13th. KeyCorp decreased their price target on shares of YETI from $57.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus dropped their price target on shares of YETI from $50.00 to $48.00 and set a “buy” rating on the stock in a research note on Friday. Eleven analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $51.67.

YETI Stock Performance

NYSE:YETI traded up $1.04 on Friday, hitting $39.34. The stock had a trading volume of 4,652,515 shares, compared to its average volume of 1,810,075. The business’s 50-day simple moving average is $42.09 and its two-hundred day simple moving average is $43.84. The stock has a market cap of $2.87 billion, a price-to-earnings ratio of 16.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. YETI has a 52-week low of $34.90 and a 52-week high of $53.99. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.84 by $0.07. YETI had a net margin of 9.39% and a return on equity of 27.19%. The firm had revenue of $509.42 million during the quarter, compared to analyst estimates of $523.07 million. During the same quarter in the prior year, the firm earned $0.48 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, research analysts predict that YETI will post 2.56 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC lifted its holdings in YETI by 80.5% during the third quarter. Elevation Wealth Partners LLC now owns 888 shares of the company’s stock valued at $36,000 after purchasing an additional 396 shares in the last quarter. Covestor Ltd increased its stake in shares of YETI by 27.3% in the third quarter. Covestor Ltd now owns 1,479 shares of the company’s stock worth $60,000 after purchasing an additional 317 shares in the last quarter. Signaturefd LLC increased its stake in shares of YETI by 79.4% in the third quarter. Signaturefd LLC now owns 1,943 shares of the company’s stock worth $80,000 after purchasing an additional 860 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of YETI by 50.9% in the first quarter. Parallel Advisors LLC now owns 2,446 shares of the company’s stock worth $89,000 after purchasing an additional 825 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of YETI during the 2nd quarter valued at $101,000.

YETI News Summary

These are some of the YETI news items that stood out recently:

• Neutral Sentiment: Several firms cut price targets, but many maintained bullish ratings: Citigroup and Stifel kept “buy,” while Roth Capital, KeyCorp and Baird also retained positive ratings. The lower targets nevertheless reflect more cautious expectations. Citigroup rating
• Negative Sentiment: YETI’s reported revenue of $509.4 million missed analyst expectations of about $523.1 million. The company cut its 2026 adjusted sales growth outlook to about 6%, from 7%–8% previously, and lowered its earnings outlook. Management cited consumer caution and softer demand in the U.S. and Canada, raising concerns about holiday-season sales. Article: Yeti Cuts Year Outlook on Consumer Caution
• Negative Sentiment: Piper Sandler downgraded YETI from “overweight” to “neutral” and cut its price target to $39 from $58. Canaccord also moved to “hold,” while multiple other analysts reduced targets, reinforcing the cautious outlook. Piper Sandler rating

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.