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

YETI (NYSE:YETI) had its target price upped by equities research analysts at Canaccord Genuity Group from $42.00 to $45.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential downside of 5.53% from the stock’s previous close.

Other analysts also recently issued reports about the company. Robert W. Baird increased their price target on YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Citigroup boosted their target price on shares of YETI from $44.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Raymond James Financial reissued an “outperform” rating and set a $55.00 target price on shares of YETI in a research report on Friday, May 15th. Stifel Nicolaus set a $42.00 price target on shares of YETI in a research note on Friday, May 15th. Finally, Weiss Ratings cut shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Nine analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, YETI has a consensus rating of “Moderate Buy” and a consensus target price of $50.42.

YETI Stock Down 0.6%

Shares of YETI traded down $0.31 during trading hours on Tuesday, reaching $47.63. 68,937 shares of the stock traded hands, compared to its average volume of 1,508,223. YETI has a 52 week low of $29.81 and a 52 week high of $51.89. The company has a market cap of $3.61 billion, a price-to-earnings ratio of 24.28, a PEG ratio of 1.54 and a beta of 1.74. The stock has a fifty day simple moving average of $43.68 and a 200 day simple moving average of $43.64. The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10.

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, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $374.73 million. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. On average, equities analysts forecast that YETI will post 2.44 EPS for the current year.

Institutional Investors Weigh In On YETI

Hedge funds and other institutional investors have recently bought and sold shares of the business. Richardson Financial Services Inc. purchased a new position in shares of YETI in the fourth quarter valued at $25,000. Blue Trust Inc. grew its holdings in YETI by 2,079.3% during the 4th quarter. Blue Trust Inc. now owns 632 shares of the company’s stock valued at $28,000 after buying an additional 603 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in YETI by 91.2% during the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after buying an additional 309 shares in the last quarter. Quarry LP bought a new stake in shares of YETI during the third quarter valued at about $30,000. Finally, Safe Harbor Fiduciary LLC bought a new stake in shares of YETI during the fourth quarter valued at about $41,000.

YETI Company Profile

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.