YETI (NYSE:YETI) Reaches New 12-Month High – Time to Buy?

YETI Holdings, Inc. (NYSE:YETI)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $51.29 and last traded at $50.6350, with a volume of 78267 shares. The stock had previously closed at $49.34.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Stifel Nicolaus raised their target price on YETI from $34.00 to $43.00 and gave the company a “hold” rating in a report on Friday, December 12th. Morgan Stanley set a $48.00 target price on shares of YETI in a research report on Friday. B. Riley reiterated a “neutral” rating and issued a $35.00 price target (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Finally, UBS Group raised their price objective on shares of YETI from $38.00 to $51.00 and gave the company a “neutral” rating in a research note on Wednesday. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.08.

YETI Stock Performance

The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.94 billion, a PE ratio of 26.45, a PEG ratio of 2.72 and a beta of 1.77. The stock’s 50 day moving average price is $43.03 and its two-hundred day moving average price is $37.57.

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

Insiders Place Their Bets

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the transaction, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This represents a 14.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On YETI

A number of institutional investors have recently modified their holdings of the company. LRI Investments LLC lifted its stake in shares of YETI by 8.0% during the third quarter. LRI Investments LLC now owns 4,170 shares of the company’s stock valued at $138,000 after buying an additional 309 shares during the period. Fulton Bank N.A. raised its holdings in YETI by 2.2% in the 4th quarter. Fulton Bank N.A. now owns 15,553 shares of the company’s stock valued at $687,000 after acquiring an additional 333 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of YETI by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 24,506 shares of the company’s stock worth $813,000 after purchasing an additional 346 shares during the period. Versant Capital Management Inc boosted its holdings in shares of YETI by 2.7% during the third quarter. Versant Capital Management Inc now owns 13,311 shares of the company’s stock worth $442,000 after purchasing an additional 354 shares during the last quarter. Finally, Moody National Bank Trust Division grew its position in shares of YETI by 2.5% in the third quarter. Moody National Bank Trust Division now owns 14,740 shares of the company’s stock valued at $489,000 after purchasing an additional 356 shares during the period.

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.