Piper Sandler Forecasts Strong Price Appreciation for YETI (NYSE:YETI) Stock

YETI (NYSE:YETI) had its price target hoisted by equities researchers at Piper Sandler from $54.00 to $58.00 in a report issued on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price suggests a potential upside of 11.16% from the stock’s current price.

YETI has been the subject of several other research reports. Raymond James Financial reiterated an “outperform” rating and issued a $55.00 target price on shares of YETI in a report on Friday, May 15th. Canaccord Genuity Group upped their price target on YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. UBS Group raised their price target on YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Robert W. Baird lifted their price objective on YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Morgan Stanley set a $45.00 price objective on YETI in a report on Tuesday, June 23rd. Ten research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, YETI presently has an average rating of “Moderate Buy” and a consensus price target of $53.17.

YETI Trading Down 0.0%

YETI traded down $0.03 on Monday, hitting $52.17. The company had a trading volume of 609,328 shares, compared to its average volume of 1,418,441. The company’s fifty day moving average price is $49.52 and its 200 day moving average price is $44.67. YETI has a 1 year low of $31.56 and a 1 year high of $53.99. The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.95 billion, a P/E ratio of 26.62, a PEG ratio of 1.65 and a beta of 1.72.

YETI (NYSE:YETI) last announced its earnings results on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.09. The company had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. YETI’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. As a group, equities analysts expect that YETI will post 2.44 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. increased its position in shares of YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after acquiring an additional 309 shares during the period. Quarry LP purchased a new position in YETI in the third quarter valued at $30,000. Safe Harbor Fiduciary LLC purchased a new position in YETI in the fourth quarter valued at $41,000. Meeder Asset Management Inc. purchased a new position in YETI in the fourth quarter valued at $44,000. Finally, IFP Advisors Inc grew its stake in YETI by 35.4% during the 4th quarter. IFP Advisors Inc now owns 1,250 shares of the company’s stock worth $55,000 after purchasing an additional 327 shares in the last quarter.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.