YETI (NYSE:YETI) Rating Increased to Buy at Stifel Nicolaus

Key Points

• Stifel Nicolaus upgraded YETI from “hold” to “buy” and raised its price target from $45 to $50, implying 21.25% upside from the previous close.
• YETI reported quarterly EPS of $0.67, beating the $0.54 consensus estimate, while revenue increased 8.5% year over year to $483.87 million.
• Analyst sentiment is broadly positive, with 11 buy ratings and five holds; YETI has a consensus “Moderate Buy” rating and an average price target of $55.93.

YETI (NYSE:YETI - Get Free Report) was upgraded by analysts at Stifel Nicolaus from a "hold" rating to a "buy" rating in a report issued on Friday, Benzinga reports. The brokerage presently has a $50.00 price target on the stock, up from their previous price target of $45.00. Stifel Nicolaus' price target would indicate a potential upside of 21.25% from the company's previous close.

Several other analysts also recently weighed in on the company. Robert W. Baird increased their target price on YETI from $55.00 to $57.00 and gave the company an "outperform" rating in a research note on Friday, August 14th. Canaccord Genuity Group raised their price objective on shares of YETI from $42.00 to $45.00 and gave the stock a "hold" rating in a research note on Tuesday, June 23rd. Piper Sandler boosted their target price on shares of YETI from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. UBS Group reiterated a "neutral" rating on shares of YETI in a research note on Thursday, September 10th. Finally, Weiss Ratings raised shares of YETI from a "hold (c)" rating to a "hold (c+)" rating in a research report on Friday, August 21st. Eleven analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, YETI presently has a consensus rating of "Moderate Buy" and an average target price of $55.93.

YETI Price Performance

NYSE YETI opened at $41.24 on Friday. YETI has a 1 year low of $31.66 and a 1 year high of $53.99. The company has a fifty day simple moving average of $46.05 and a 200 day simple moving average of $43.83. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.01 billion, a P/E ratio of 18.01, a P/E/G ratio of 1.06 and a beta of 1.70.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.54 by $0.13. The firm had revenue of $483.87 million during the quarter, compared to analyst estimates of $483.80 million. YETI had a net margin of 9.24% and a return on equity of 23.79%. The business's revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, sell-side analysts predict that YETI will post 2.58 EPS for the current year.

Institutional Investors Weigh In On YETI

Institutional investors have recently added to or reduced their stakes in the stock. Reinhart Partners LLC. raised its holdings in shares of YETI by 5.1% in the 2nd quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company's stock worth $162,423,000 after buying an additional 158,957 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in YETI by 3.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company's stock valued at $69,043,000 after buying an additional 70,273 shares in the last quarter. Quantinno Capital Management LP grew its position in YETI by 46.0% in the first quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company's stock valued at $68,467,000 after acquiring an additional 589,205 shares during the period. Bank of New York Mellon Corp bought a new stake in YETI in the second quarter valued at $57,971,000. Finally, Clark Capital Management Group Inc. acquired a new position in YETI during the fourth quarter worth $44,666,000.

About YETI

YETI Holdings, Inc designs, markets and distributes premium products for outdoor, recreation and everyday use. Its product portfolio includes hard and soft coolers, drinkware, bags, outdoor cooking products and related accessories designed for durability and performance.

The company sells its products through its direct-to-consumer business, including its website and retail stores, as well as through independent retailers and other wholesale channels. YETI serves customers primarily in the United States and Canada, with an expanding international presence.

YETI was founded in 2006 by brothers Roy and Ryan Seiders and is headquartered in Austin, Texas.

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