YETI (NYSE:YETI) Sets New 52-Week High – Should You Buy?

YETI Holdings, Inc. (NYSE:YETI)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $47.47 and last traded at $47.2360, with a volume of 346486 shares trading hands. The stock had previously closed at $44.84.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group increased their price objective on shares of YETI from $34.00 to $37.00 and gave the company a “hold” rating in a research note on Friday, November 7th. UBS Group upped their target price on YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. William Blair reiterated an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Morgan Stanley boosted their price target on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.17.

YETI Stock Performance

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 2.16. The stock has a market cap of $3.64 billion, a PE ratio of 24.35, a price-to-earnings-growth ratio of 2.49 and a beta of 1.77. The firm has a fifty day moving average price of $40.48 and a 200 day moving average price of $36.51.

YETI (NYSE:YETI) last announced its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. During the same period in the prior year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Research analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares in the company, valued at $2,555,912.04. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.08% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Westwood Holdings Group Inc. lifted its stake in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after buying an additional 1,314,878 shares during the period. AQR Capital Management LLC raised its stake in YETI by 780.9% in the 1st quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after acquiring an additional 1,280,622 shares during the last quarter. Cooper Creek Partners Management LLC purchased a new stake in YETI during the 3rd quarter valued at about $36,150,000. Reinhart Partners LLC. grew its stake in YETI by 101.6% during the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after purchasing an additional 1,080,072 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of YETI in the second quarter worth about $32,995,000.

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.