YETI (NYSE:YETI) Price Target Cut to $42.00 by Analysts at Canaccord Genuity Group

YETI (NYSE:YETI) had its price target lowered by Canaccord Genuity Group from $46.00 to $42.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a hold rating on the stock.

YETI has been the subject of a number of other research reports. Weiss Ratings raised YETI from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Ladenburg Thalmann & Co. Inc. started coverage on YETI in a research report on Tuesday, October 13th. They set a “buy” rating and a $52.00 target price on the stock. Bank of America upped their target price on YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. UBS Group set a $44.00 price target on YETI in a research note on Thursday, October 15th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $80.00 price target on shares of YETI in a report on Thursday, August 13th. Eleven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $51.67.

YETI Stock Up 2.7%

YETI traded up $1.04 during trading on Friday, hitting $39.34. The stock had a trading volume of 4,652,515 shares, compared to its average volume of 1,810,075. The stock has a 50 day simple moving average of $42.09 and a two-hundred day simple moving average of $43.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.87 and a current ratio of 1.77. YETI has a twelve month low of $34.90 and a twelve month high of $53.99. The company has a market capitalization of $2.87 billion, a PE ratio of 16.33, a PEG ratio of 1.01 and a beta of 1.63.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, November 12th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.07. The business had revenue of $509.42 million for the quarter, compared to the consensus estimate of $523.07 million. YETI had a return on equity of 27.19% and a net margin of 9.39%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. On average, research analysts predict that YETI will post 2.56 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Elevation Wealth Partners LLC lifted its stake in shares of 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 buying an additional 396 shares during the period. Covestor Ltd increased its position in shares of YETI by 27.3% in the 3rd quarter. Covestor Ltd now owns 1,479 shares of the company’s stock valued at $60,000 after acquiring an additional 317 shares during the period. Signaturefd LLC increased 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 valued at $80,000 after acquiring an additional 860 shares during the period. Parallel Advisors LLC raised its stake in YETI by 50.9% in the 1st quarter. Parallel Advisors LLC now owns 2,446 shares of the company’s stock worth $89,000 after acquiring an additional 825 shares during the last quarter. Finally, Nykredit A S purchased a new position in YETI in the 2nd quarter worth $101,000.

Latest YETI News

Investors following YETI have been watching these news items:

• Positive Sentiment: Third-quarter EPS was $0.91, above the roughly $0.84 consensus, while adjusted sales rose 6% to $518 million. International sales increased 19% to $119 million, offering a bright spot. Article: YETI: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: YETI’s reported revenue of $509.4 million missed analyst expectations of about $523.1 million. The company cut its 2026 adjusted sales growth outlook to about 6%, from 7%–8% previously, and lowered its earnings outlook. Management cited consumer caution and softer demand in the U.S. and Canada, raising concerns about holiday-season sales. Article: Yeti Cuts Year Outlook on Consumer Caution
• Negative Sentiment: Piper Sandler downgraded YETI from “overweight” to “neutral” and cut its price target to $39 from $58. Canaccord also moved to “hold,” while multiple other analysts reduced targets, reinforcing the cautious outlook. Piper Sandler rating

YETI Company Profile

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.