YETI (NYSE:YETI) Rating Lowered to Hold at Wall Street Zen

YETI (NYSE:YETI) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently weighed in on YETI. Weiss Ratings upgraded shares of YETI from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Bank of America boosted their price target on YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. The Goldman Sachs Group raised YETI from a “neutral” rating to a “buy” rating and upped their price objective for the company from $46.00 to $63.00 in a research note on Monday, July 20th. Robert W. Baird upped their price objective on YETI from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Friday, August 14th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $80.00 price objective on shares of YETI in a research report on Thursday, August 13th. Thirteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $55.20.

YETI Price Performance

Shares of NYSE YETI opened at $45.00 on Friday. 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 has a twelve month low of $34.76 and a twelve month high of $53.99. The stock has a 50 day moving average of $41.98 and a two-hundred day moving average of $43.99. The stock has a market cap of $3.28 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.18 and a beta of 1.63.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.13. The business had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. YETI had a return on equity of 23.79% and a net margin of 9.24%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. On average, research analysts forecast that YETI will post 2.56 earnings per share for the current year.

Hedge Funds Weigh In On YETI

Large investors have recently made changes to their positions in the stock. Reinhart Partners LLC. raised its position in YETI by 5.1% during the second quarter. Reinhart Partners LLC. now owns 3,277,296 shares of the company’s stock worth $162,423,000 after acquiring an additional 158,957 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of YETI by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,887,097 shares of the company’s stock valued at $69,043,000 after purchasing an additional 70,273 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of YETI by 46.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock worth $68,467,000 after purchasing an additional 589,205 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of YETI during the 2nd quarter worth approximately $57,971,000. Finally, Fort Washington Investment Advisors Inc. OH increased its stake in shares of YETI by 38.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company’s stock worth $34,780,000 after purchasing an additional 235,490 shares in the last quarter.

YETI Company Profile

YETI Holdings, Inc (NYSE: YETI) designs, markets and distributes premium outdoor products for customers who spend time fishing, hunting, camping, boating and participating in other outdoor activities. The company is headquartered in Austin, Texas, and was founded in 2006 by brothers Roy and Ryan Seiders.

YETI’s product portfolio includes hard and soft coolers, drinkware, insulated bags, outdoor gear, cookware and products for outdoor living. Its offerings are designed to provide durability, insulation and performance in demanding conditions, and are sold under the YETI brand through the company’s website, retail stores and a network of wholesale partners.

The company serves customers primarily in North America while also operating in international markets, including parts of Europe, Australia and Asia.