YETI (NYSE:YETI) Trading Up 10.8% – Here’s Why

YETI Holdings, Inc. (NYSE:YETI) shot up 10.8% on Friday . The company traded as high as $42.47 and last traded at $42.54. 666,275 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,468,740 shares. The stock had previously closed at $38.39.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on YETI. Robert W. Baird boosted their target price on shares of YETI from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Morgan Stanley dropped their target price on shares of YETI from $48.00 to $47.00 and set an “equal weight” rating for the company in a report on Tuesday, March 10th. Wall Street Zen raised shares of YETI from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Piper Sandler increased their price objective on shares of YETI from $43.00 to $54.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Finally, Canaccord Genuity Group increased their price objective on shares of YETI from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

YETI Trading Up 7.3%

The company has a quick ratio of 1.11, a current ratio of 1.98 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $40.69 and its 200-day moving average price is $40.90. The stock has a market capitalization of $3.12 billion, a P/E ratio of 20.29 and a beta of 1.80.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.04. The company had revenue of $583.71 million during the quarter, compared to the consensus estimate of $582.43 million. YETI had a net margin of 8.85% and a return on equity of 22.53%. YETI’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. As a group, equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Several hedge funds have recently added to or reduced their stakes in YETI. Richardson Financial Services Inc. acquired a new position in shares of YETI in the fourth quarter worth about $25,000. Blue Trust Inc. raised its position in shares of YETI by 2,079.3% in the fourth quarter. Blue Trust Inc. now owns 632 shares of the company’s stock worth $28,000 after acquiring an additional 603 shares during the period. SBI Securities Co. Ltd. raised its position in shares of YETI by 91.2% in 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. True Wealth Design LLC raised its position in shares of YETI by 141.1% in the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after acquiring an additional 518 shares during the period. Finally, Quarry LP acquired a new position in shares of YETI in the third quarter worth about $30,000.

YETI Company Profile

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.