YETI (NYSE:YETI) Stock Price Target Cut by Citigroup

Key Points

• Citigroup cut its YETI price target to $50 from $53 but maintained a Buy rating, implying about 27% upside from the stock’s current price.
• YETI beat quarterly EPS estimates, reporting $0.91 versus $0.84 expected, but revenue of $509.4 million fell short of the $523.1 million consensus.
• Analysts’ views were mixed: Piper Sandler downgraded YETI to Neutral and cut its target to $39, while the broader analyst consensus remained Moderate Buy with a $51.67 price target.

YETI (NYSE:YETI - Get Free Report) had its price objective lowered by equities researchers at Citigroup from $53.00 to $50.00 in a report issued on Friday, Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup's price target indicates a potential upside of 27.08% from the stock's current price.

A number of other equities research analysts also recently weighed in on the company. Roth Capital reiterated a "buy" rating and issued a $52.00 price target (down from $62.00) on shares of YETI in a report on Friday. Canaccord Genuity Group reduced their price objective on YETI from $46.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday. Jefferies Financial Group reaffirmed a "buy" rating and issued a $80.00 price objective on shares of YETI in a report on Thursday, August 13th. Piper Sandler downgraded shares of YETI from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $58.00 to $39.00 in a report on Friday. Finally, Bank of America boosted their target price on shares of YETI from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, August 14th. Eleven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, YETI has a consensus rating of "Moderate Buy" and a consensus price target of $51.67.

YETI Stock Up 2.7%

NYSE YETI traded up $1.04 during trading hours on Friday, reaching $39.34. 4,648,320 shares of the company traded hands, compared to its average volume of 1,562,873. The stock has a market capitalization of $2.87 billion, a PE ratio of 17.18, a PEG ratio of 1.12 and a beta of 1.63. YETI has a 12 month low of $34.90 and a 12 month high of $53.99. The company has a 50 day moving average of $42.13 and a two-hundred day moving average of $43.88. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, November 12th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.07. YETI had a return on equity of 23.79% and a net margin of 9.24%. The firm had revenue of $509.42 million during the quarter, compared to analyst estimates of $523.07 million. During the same period in the previous year, the company earned $0.48 earnings per share. YETI's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts expect that YETI will post 2.56 earnings per share for the current year.

Institutional Trading of YETI

Institutional investors and hedge funds have recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its stake in YETI by 80.5% during the 3rd quarter. Elevation Wealth Partners LLC now owns 888 shares of the company's stock valued at $36,000 after purchasing an additional 396 shares during the period. 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 valued at $60,000 after purchasing an additional 317 shares during the period. 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 valued at $80,000 after purchasing an additional 860 shares during the period. Nykredit A S bought a new stake in shares of YETI during the second quarter valued at approximately $101,000. Finally, Parallel Advisors LLC raised its holdings in shares of YETI by 50.9% during the first quarter. Parallel Advisors LLC now owns 2,446 shares of the company's stock valued at $89,000 after buying an additional 825 shares during the last quarter.

Recent YETI Headlines

Here are a few of the latest headlines about YETI:

• Positive Sentiment: YETI reported third-quarter EPS of $0.91, above the roughly $0.84 consensus, while adjusted sales rose 6% to $518 million. International sales increased 19%, helping offset weakness elsewhere. YETI Reports Third Quarter 2026 Results
• Negative Sentiment: The company cut its 2026 adjusted sales-growth outlook to about 6%, from 7%–8% previously, and forecast adjusted EPS of $2.90–$2.95. Management cited cautious consumers and softer demand in the U.S. and Canada, making the outlook a concern heading into the holiday season. Yeti Cuts Year Outlook on Consumer Caution
• Negative Sentiment: Quarterly revenue of $509.4 million missed estimates of about $523 million, despite year-over-year growth. Piper Sandler also downgraded YETI to “neutral” and cut its target to $39 from $58, reinforcing concerns about the lowered outlook. YETI Stock Slides After Q3 Revenue Miss

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.

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.