YETI (NYSE:YETI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded YETI from “buy” to “hold.” Other analysts remain generally positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $55.20.
• YETI shares opened at $45.00, within a 52-week range of $34.76 to $53.99.
• In its latest reported quarter, YETI earned $0.67 per share, beating the $0.54 consensus estimate; revenue rose 8.5% year over year to $483.87 million.

YETI (NYSE:YETI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on the stock. UBS Group set a $44.00 price objective on shares of YETI in a research note on Thursday, October 15th. Canaccord Genuity Group lifted their price target on YETI from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Monday, September 28th. Raymond James Financial boosted their target price on shares of YETI from $55.00 to $56.00 and gave the stock an "outperform" rating in a report on Thursday, August 13th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $80.00 price target on shares of YETI in a report on Thursday, August 13th. Finally, 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. Thirteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.20.

YETI Price Performance

YETI stock opened at $45.00 on Friday. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 1.19 and a beta of 1.63. The firm has a 50 day moving average price of $41.98 and a 200-day moving average price of $43.99. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 1.75. YETI has a 52-week low of $34.76 and a 52-week high of $53.99.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.13. The firm had revenue of $483.87 million for 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Equities research analysts forecast that YETI will post 2.56 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

A number of institutional investors and hedge funds have recently modified their holdings of the company. Elevation Wealth Partners LLC lifted its stake in YETI by 80.5% during the third quarter. Elevation Wealth Partners LLC now owns 888 shares of the company's stock worth $36,000 after purchasing an additional 396 shares during the last quarter. Covestor Ltd increased its stake in shares of YETI by 27.3% during the 3rd quarter. Covestor Ltd now owns 1,479 shares of the company's stock worth $60,000 after purchasing an additional 317 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of YETI by 79.4% in the third quarter. Signaturefd LLC now owns 1,943 shares of the company's stock worth $80,000 after acquiring an additional 860 shares during the last quarter. Parallel Advisors LLC grew its position in YETI by 50.9% in the 1st quarter. Parallel Advisors LLC now owns 2,446 shares of the company's stock valued at $89,000 after purchasing an additional 825 shares during the period. Finally, Nykredit A S purchased a new position in YETI in the 2nd quarter valued at approximately $101,000.

YETI Company Profile

YETI Holdings, Inc NYSE: YETI designs, markets and distributes premium outdoor products for customers who spend time fishing, hunting, camping, boating and participating in other outdoor activities. The company is headquartered in Austin, Texas, and was founded in 2006 by brothers Roy and Ryan Seiders.

YETI's product portfolio includes hard and soft coolers, drinkware, insulated bags, outdoor gear, cookware and products for outdoor living. Its offerings are designed to provide durability, insulation and performance in demanding conditions, and are sold under the YETI brand through the company's website, retail stores and a network of wholesale partners.

The company serves customers primarily in North America while also operating in international markets, including parts of Europe, Australia and Asia.

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