YETI (NYSE:YETI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Key Points

• Canaccord Genuity raised its YETI price target to $46 from $45 while maintaining a “hold” rating, implying 8.76% potential upside from the stock’s $42.30 opening price.
• Analyst sentiment is broadly positive, with 12 Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $56.00.
• YETI recently exceeded quarterly earnings expectations, reporting $0.67 in EPS versus a $0.54 consensus estimate, while revenue rose 8.5% year over year to $483.87 million.

YETI (NYSE:YETI - Get Free Report) had its target price boosted by Canaccord Genuity Group from $45.00 to $46.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a "hold" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 8.76% from the company's current price.

A number of other analysts have also issued reports on YETI. Raymond James Financial boosted their target price on YETI from $55.00 to $56.00 and gave the company an "outperform" rating in a research report on Thursday, August 13th. Piper Sandler raised their price target on YETI from $54.00 to $58.00 and gave the stock an "overweight" rating in a research report on Monday, August 10th. Morgan Stanley lifted their price objective on YETI from $48.00 to $49.00 and gave the company an "equal weight" rating in a research note on Thursday, August 20th. Bank of America boosted their price objective on YETI from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, August 14th. Finally, Stifel Nicolaus raised YETI from a "hold" rating to a "buy" rating and increased their target price for the stock from $45.00 to $50.00 in a research note on Friday, September 18th. Twelve analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $56.00.

YETI Trading Up 0.0%

Shares of YETI stock opened at $42.30 on Monday. YETI has a fifty-two week low of $31.66 and a fifty-two week high of $53.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 1.75. The stock's fifty day moving average is $45.24 and its two-hundred day moving average is $43.85. The firm has a market capitalization of $3.09 billion, a P/E ratio of 18.47, a PEG ratio of 1.10 and a beta of 1.70.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings data 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. YETI had a return on equity of 23.79% and a net margin of 9.24%.The company had revenue of $483.87 million for the quarter, compared to analyst estimates of $483.80 million. During the same quarter in the previous year, the company posted $0.66 earnings per share. The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Research analysts expect that YETI will post 2.58 earnings per share for the current fiscal year.

Institutional Trading of YETI

Several institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC lifted its holdings in shares of YETI by 18.5% during the second quarter. Sequoia Financial Advisors LLC now owns 16,542 shares of the company's stock worth $820,000 after purchasing an additional 2,577 shares during the period. WINTON GROUP Ltd purchased a new position in YETI during the 2nd quarter worth $208,000. Engineers Gate Manager LP purchased a new position in YETI during the 2nd quarter worth $258,000. NewEdge Advisors LLC acquired a new stake in shares of YETI in the 2nd quarter worth $282,000. Finally, Squarepoint Ops LLC lifted its stake in shares of YETI by 227.4% in the 2nd quarter. Squarepoint Ops LLC now owns 119,464 shares of the company's stock worth $5,921,000 after acquiring an additional 213,264 shares during the period.

YETI Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.