YETI (NYSE:YETI) Given New $49.00 Price Target at KeyCorp

YETI (NYSE:YETI) had its price objective reduced by KeyCorp from $57.00 to $49.00 in a research report sent to investors on Friday, Marketbeat reports. They currently have an overweight rating on the stock.

A number of other analysts have also weighed in on YETI. The Goldman Sachs Group raised shares of YETI from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $46.00 to $63.00 in a research note on Monday, July 20th. Morgan Stanley dropped their target price 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. Jefferies Financial Group reissued a “buy” rating and set a $80.00 target price on shares of YETI in a research report on Thursday, August 13th. Roth Capital restated a “buy” rating and issued a $62.00 price target on shares of YETI in a report on Friday, August 14th. Finally, UBS Group set a $44.00 price target on shares of YETI in a research report on Thursday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, YETI currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.67.

YETI Stock Up 2.7%

Shares of YETI stock traded up $1.04 during mid-day 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. YETI has a 12-month low of $34.90 and a 12-month high of $53.99. The firm has a market capitalization of $2.87 billion, a P/E ratio of 16.33, a price-to-earnings-growth ratio of 1.01 and a beta of 1.63. The firm’s 50-day moving average is $42.09 and its two-hundred day moving average is $43.84. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.77 and a quick ratio of 0.87.

YETI (NYSE:YETI) last posted 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 revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 EPS. On average, analysts predict that YETI will post 2.56 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in YETI. Marshall Wace LLP raised its position in shares of YETI by 46.9% in the 3rd quarter. Marshall Wace LLP now owns 90,628 shares of the company’s stock worth $3,718,000 after acquiring an additional 28,951 shares in the last quarter. AlphaGrep UK Ltd bought a new stake in YETI during the third quarter valued at about $392,000. Benjamin Edwards Inc. boosted its position in YETI by 4.3% during the third quarter. Benjamin Edwards Inc. now owns 16,225 shares of the company’s stock valued at $665,000 after purchasing an additional 673 shares in the last quarter. First Trust Advisors LP boosted its position in YETI by 17.4% during the third quarter. First Trust Advisors LP now owns 279,157 shares of the company’s stock valued at $11,451,000 after purchasing an additional 41,310 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its position in YETI by 952.4% during the third quarter. GW&K Investment Management LLC now owns 571,513 shares of the company’s stock valued at $23,444,000 after purchasing an additional 517,208 shares in the last quarter.

Key Headlines Impacting YETI

Investors following YETI have been watching these headlines:

• 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.