YETI (NYSE:YETI) Stock Price Down 4.8% – Here’s Why

YETI Holdings, Inc. (NYSE:YETI) shares dropped 4.8% during trading on Wednesday. The company traded as low as $42.13 and last traded at $42.6380. 2,814,954 shares were traded during mid-day trading, an increase of 86% from the average daily volume of 1,515,192 shares. The stock had previously closed at $44.77.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on YETI. Raymond James Financial raised their price objective on YETI from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Roth Capital reissued a “buy” rating and issued a $62.00 target price on shares of YETI in a research note on Friday, August 14th. Wall Street Zen downgraded YETI from a “buy” rating to a “hold” rating in a report on Saturday. 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. Finally, The Goldman Sachs Group upgraded YETI from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $46.00 to $63.00 in a report on Monday, July 20th. Twelve equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.20.

YETI Stock Down 5.0%

The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 0.87. The company has a market capitalization of $3.10 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 1.20 and a beta of 1.63. The firm has a 50-day moving average price of $42.14 and a two-hundred day moving average price of $43.95.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. YETI had a net margin of 9.24% and a return on equity of 23.79%. The company had revenue of $483.87 million for the quarter, compared to the consensus estimate of $483.80 million. During the same period last year, the company earned $0.66 earnings per share. The firm’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, sell-side analysts anticipate that YETI Holdings, Inc. will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in YETI. Bank of New York Mellon Corp acquired a new stake in shares of YETI during the 2nd quarter worth about $57,971,000. Quantinno Capital Management LP raised its holdings in YETI by 46.0% in the 1st quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock valued at $68,467,000 after acquiring an additional 589,205 shares during the period. GW&K Investment Management LLC raised its holdings in YETI by 952.4% in the 3rd quarter. GW&K Investment Management LLC now owns 571,513 shares of the company’s stock valued at $23,444,000 after acquiring an additional 517,208 shares during the period. Handelsbanken Fonder AB lifted its position in YETI by 165.5% during the second quarter. Handelsbanken Fonder AB now owns 482,858 shares of the company’s stock worth $23,930,000 after acquiring an additional 300,958 shares during the last quarter. Finally, Empowered Funds LLC lifted its position in YETI by 2,858.7% during the first quarter. Empowered Funds LLC now owns 289,125 shares of the company’s stock worth $10,579,000 after acquiring an additional 279,353 shares during the last quarter.

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.