YETI (NYSE:YETI) Stock Rated "Buy" in New Coverage at LADENBURG THALM/SH SH

Key Points

• LADENBURG THALM/SH SH initiated coverage of YETI with a “Buy” rating and a $52 price target, implying 33.25% upside from the prior close.
• Analyst sentiment is broadly positive: 13 analysts rate YETI a Buy and four rate it a Hold, resulting in a “Moderate Buy” consensus and an average price target of $55.73.
• YETI’s latest quarter exceeded expectations, with EPS of $0.67 versus the $0.54 consensus and revenue up 8.5% year over year to $483.87 million.

Equities research analysts at LADENBURG THALM/SH SH initiated coverage on shares of YETI (NYSE:YETI - Get Free Report) in a note issued to investors on Tuesday, Briefing.com reports. The brokerage set a "buy" rating and a $52.00 price target on the stock. LADENBURG THALM/SH SH's price objective suggests a potential upside of 33.25% from the company's previous close.

Several other analysts have also weighed in on YETI. 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. Canaccord Genuity Group raised their price target on shares of YETI from $45.00 to $46.00 and gave the stock a "hold" rating in a research report on Monday, September 28th. Wall Street Zen raised shares of YETI from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. Morgan Stanley boosted their price objective on shares of YETI from $48.00 to $49.00 and gave the company an "equal weight" rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a $80.00 price objective on shares of YETI in a research report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, YETI presently has a consensus rating of "Moderate Buy" and an average target price of $55.73.

YETI Price Performance

Shares of YETI opened at $39.02 on Tuesday. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 17.04, a PEG ratio of 1.04 and a beta of 1.68. The stock has a 50 day moving average of $43.06 and a 200-day moving average of $44.15. 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 has a 52 week low of $31.88 and a 52 week high of $53.99.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%. The business had revenue of $483.87 million for the quarter, compared to analyst estimates of $483.80 million. During the same period in the prior year, the company posted $0.66 EPS. The business's revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. As a group, analysts forecast that YETI will post 2.58 EPS for the current year.

Hedge Funds Weigh In On YETI

Several hedge funds and other institutional investors have recently made changes to their positions in YETI. GAMMA Investing LLC lifted its holdings in YETI by 4.3% in the second quarter. GAMMA Investing LLC now owns 5,113 shares of the company's stock worth $253,000 after purchasing an additional 211 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of YETI by 5.2% in the 1st quarter. Venturi Wealth Management LLC now owns 8,007 shares of the company's stock worth $293,000 after acquiring an additional 396 shares during the period. Elevation Wealth Partners LLC lifted its stake in shares of YETI by 80.5% in the 3rd quarter. Elevation Wealth Partners LLC now owns 888 shares of the company's stock worth $36,000 after acquiring an additional 396 shares during the period. State of Michigan Retirement System boosted its holdings in shares of YETI by 2.2% in the first quarter. State of Michigan Retirement System now owns 18,747 shares of the company's stock valued at $686,000 after acquiring an additional 400 shares in the last quarter. Finally, Wedmont Private Capital boosted its holdings in shares of YETI by 8.2% in the third quarter. Wedmont Private Capital now owns 5,600 shares of the company's stock valued at $222,000 after acquiring an additional 425 shares in the last quarter.

YETI Company Profile

YETI Holdings, Inc is a designer, retailer and distributor of premium outdoor products. Founded in 2006 by brothers Roy and Ryan Seiders, the company is headquartered in Austin, Texas, and focuses on products designed for outdoor recreation, travel and everyday use.

YETI's product portfolio includes insulated drinkware, hard and soft coolers, outdoor gear, bags, luggage, cookware, outdoor living products and related accessories. Its offerings are marketed for activities such as fishing, hunting, camping, boating, sporting events and other outdoor pursuits, with an emphasis on durability and performance.

The company sells its products through its direct-to-consumer website, company-operated retail stores and third-party retailers and distributors.

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