YETI (NYSE:YETI) Rating Lowered to Neutral at Piper Sandler

YETI (NYSE:YETI) was downgraded by stock analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a report issued on Friday, FinViz reports. They currently have a $39.00 price target on the stock, down from their previous price target of $58.00. Piper Sandler‘s price objective would suggest a potential upside of 1.75% from the stock’s current price.

A number of other research firms have also weighed in on YETI. Robert W. Baird boosted their target price on shares of YETI from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Friday, August 14th. Jefferies Financial Group restated a “buy” rating and issued a $80.00 price target on shares of YETI in a research report on Thursday, August 13th. Raymond James Financial reaffirmed an “outperform” rating on shares of YETI in a research note on Thursday. Morgan Stanley cut their price target on shares of YETI from $49.00 to $48.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 27th. Finally, Bank of America boosted their price objective on shares of YETI from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Eleven investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.93.

YETI Price Performance

YETI stock opened at $38.33 on Friday. The stock has a 50-day moving average price of $42.13 and a two-hundred day moving average price of $43.88. YETI has a 12 month low of $34.90 and a 12 month high of $53.99. The company has a market capitalization of $2.80 billion, a PE ratio of 16.74, a P/E/G ratio of 1.12 and a beta of 1.63. 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) last released its quarterly earnings results on Thursday, November 12th. The company reported $0.91 earnings per share for the quarter, topping 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 company had revenue of $517.93 million for the quarter, compared to analysts’ expectations of $523.07 million. During the same period in the previous year, the business posted $0.48 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts expect that YETI will post 2.56 EPS for the current year.

Hedge Funds Weigh In On YETI

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC boosted its holdings in YETI by 80.5% in the third quarter. Elevation Wealth Partners LLC now owns 888 shares of the company’s stock valued at $36,000 after acquiring an additional 396 shares during the last quarter. Covestor Ltd raised its holdings in 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 position in shares of YETI by 79.4% in the 3rd quarter. Signaturefd LLC now owns 1,943 shares of the company’s stock worth $80,000 after purchasing an additional 860 shares during the period. Nykredit A S acquired a new position in shares of YETI in the 2nd quarter worth approximately $101,000. Finally, Parallel Advisors LLC boosted its stake in shares of 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 last quarter.

YETI News Roundup

Here’s some of the latest news about YETI:

• Positive Sentiment: YETI reported third-quarter adjusted EPS of $0.91, beating analysts’ estimates of $0.83–$0.84. Adjusted EPS rose 49% year over year, while reported EPS increased to $0.91 from $0.61. Yeti Tops Q3 Earnings Estimates
• Positive Sentiment: Adjusted sales increased 6% to about $518 million, with international sales up 19% to $119 million—evidence of continued growth outside the domestic market. YETI: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Quarterly revenue of about $517.9 million rose 4.4% year over year but fell short of the roughly $523.1 million analyst estimate, tempering the earnings beat. YETI projected 2026 adjusted EPS of $2.90–$2.95 alongside its reduced sales outlook. YETI Projects 2026 Adjusted EPS and Cuts Sales Growth Outlook

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.