YETI (NYSE:YETI) Given New $46.00 Price Target at Canaccord Genuity Group

YETI (NYSE:YETI) had its target price upped by Canaccord Genuity Group from $45.00 to $46.00 in a research note released on Monday morning, Marketbeat reports. Canaccord Genuity Group currently has a hold rating on the stock.

YETI has been the subject of several other research reports. Robert W. Baird increased their price target on YETI from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $80.00 price objective on shares of YETI in a research note on Thursday, August 13th. Bank of America upped their target price on YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Morgan Stanley raised their price target on shares of YETI from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Finally, The Goldman Sachs Group raised shares of YETI from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $46.00 to $63.00 in a research note on Monday, July 20th. Twelve investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $56.00.

YETI Stock Performance

Shares of YETI stock opened at $43.39 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. YETI has a twelve month low of $31.66 and a twelve month high of $53.99. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 18.95, a P/E/G ratio of 1.10 and a beta of 1.70. The company’s fifty day moving average is $45.09 and its 200 day moving average is $43.89.

YETI (NYSE:YETI) last posted 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 business had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. YETI had a return on equity of 23.79% and a net margin of 9.24%.YETI’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 earnings per share. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Sell-side analysts forecast that YETI will post 2.58 EPS for the current year.

Institutional Investors Weigh In On YETI

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

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.