Stifel Nicolaus Upgrades YETI (NYSE:YETI) to “Buy”

YETI (NYSE:YETI) was upgraded by stock analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Friday, Benzinga reports. The firm presently has a $50.00 target price on the stock, up from their previous target price of $45.00. Stifel Nicolaus’ target price points to a potential upside of 21.25% from the company’s current price.

YETI has been the subject of several other research reports. Canaccord Genuity Group boosted their price objective on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Jefferies Financial Group reissued a “buy” rating and issued a $80.00 target price on shares of YETI in a research note on Thursday, August 13th. UBS Group restated a “neutral” rating on shares of YETI in a research report on Thursday, September 10th. Bank of America raised their price target on YETI from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 14th. Finally, Robert W. Baird upped their target price on shares of YETI from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Eleven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.93.

YETI Trading Up 1.7%

Shares of YETI opened at $41.24 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 1.75. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 1.06 and a beta of 1.70. The stock has a fifty day moving average price of $46.05 and a two-hundred day moving average price of $43.83. YETI has a 52-week low of $31.66 and a 52-week high of $53.99.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%.The business had revenue of $483.87 million during the quarter, compared to analysts’ expectations of $483.80 million. During the same period in the previous year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Analysts predict that YETI will post 2.58 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Several hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC increased its position in shares of YETI by 18.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 16,542 shares of the company’s stock valued at $820,000 after buying an additional 2,577 shares in the last quarter. WINTON GROUP Ltd bought a new position in YETI during the second quarter worth about $208,000. Engineers Gate Manager LP acquired a new position in YETI in the second quarter valued at about $258,000. NewEdge Advisors LLC bought a new stake in shares of YETI in the second quarter worth about $282,000. Finally, Squarepoint Ops LLC increased its holdings in shares of YETI by 227.4% in the second quarter. Squarepoint Ops LLC now owns 119,464 shares of the company’s stock worth $5,921,000 after acquiring an additional 213,264 shares in the last quarter.

About YETI

YETI Holdings, Inc designs, markets and distributes premium products for outdoor, recreation and everyday use. Its product portfolio includes hard and soft coolers, drinkware, bags, outdoor cooking products and related accessories designed for durability and performance.

The company sells its products through its direct-to-consumer business, including its website and retail stores, as well as through independent retailers and other wholesale channels. YETI serves customers primarily in the United States and Canada, with an expanding international presence.

YETI was founded in 2006 by brothers Roy and Ryan Seiders and is headquartered in Austin, Texas.