YETI (NYSE:YETI) Shares Gap Up Following Strong Earnings

Shares of YETI Holdings, Inc. (NYSE:YETI) gapped up prior to trading on Thursday following a stronger than expected earnings report. The stock had previously closed at $38.33, but opened at $44.11. YETI shares last traded at $41.4550, with a volume of 403,133 shares trading hands.

The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09. The firm had revenue of $380.41 million during the quarter, compared to the consensus estimate of $374.73 million. YETI had a net margin of 8.85% and a return on equity of 22.53%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.31 EPS. YETI has set its FY 2026 guidance at 2.830-2.890 EPS.

Analysts Set New Price Targets

Several research firms have weighed in on YETI. UBS Group dropped their target price on YETI from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, April 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $45.00 price objective on shares of YETI in a research note on Tuesday, January 27th. Piper Sandler lifted 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. Robert W. Baird upped their target price on shares of YETI from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Finally, Weiss Ratings lowered shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.50.

Institutional Trading of YETI

Hedge funds have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new stake in shares of YETI in the 4th quarter valued at approximately $25,000. Blue Trust Inc. lifted its position in shares of YETI by 2,079.3% during the 4th quarter. Blue Trust Inc. now owns 632 shares of the company’s stock worth $28,000 after purchasing an additional 603 shares during the last quarter. SBI Securities Co. Ltd. grew its stake in shares of YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares in the last quarter. Quarry LP purchased a new position in YETI in the third quarter valued at $30,000. Finally, Abich Financial Wealth Management LLC purchased a new position in YETI in the third quarter valued at $39,000.

YETI Stock Performance

The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.29 and a beta of 1.69. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.98 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $38.58 and a two-hundred day simple moving average of $41.77.

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.