YETI (NYSE:YETI) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

YETI (NYSE:YETI) had its price target upped by analysts at Canaccord Genuity Group from $45.00 to $46.00 in a report released on Monday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 8.09% from the stock’s current price.

Other analysts also recently issued reports about the company. Raymond James Financial increased their price objective on YETI from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. The Goldman Sachs Group raised YETI from a “neutral” rating to a “buy” rating and increased their price target for the company from $46.00 to $63.00 in a research report on Monday, July 20th. Jefferies Financial Group restated a “buy” rating and set a $80.00 price objective on shares of YETI in a research note on Thursday, August 13th. Morgan Stanley lifted their price objective on shares of YETI from $48.00 to $49.00 and gave the stock an “equal weight” rating in a report on Thursday, August 20th. Finally, Piper Sandler upped their target price on shares of YETI from $54.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Twelve research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

YETI Stock Down 1.8%

YETI stock opened at $42.56 on Monday. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $44.92 and its two-hundred day moving average price is $43.92. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 1.13 and a beta of 1.70. YETI has a 1-year low of $31.66 and a 1-year high of $53.99.

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

Institutional Investors Weigh In On YETI

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new stake in YETI in the 2nd quarter worth approximately $57,971,000. Clark Capital Management Group Inc. purchased a new position in shares of YETI during the 4th quarter valued at $44,666,000. Langdon Equity Partners bought a new position in shares of YETI in the fourth quarter worth $28,788,000. Quantinno Capital Management LP increased its holdings in shares of YETI by 46.0% in the first quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock worth $68,467,000 after purchasing an additional 589,205 shares during the period. Finally, Reinhart Partners LLC. raised its position in shares of YETI by 14.0% in the fourth quarter. Reinhart Partners LLC. now owns 3,035,561 shares of the company’s stock worth $134,081,000 after buying an additional 373,641 shares in the last quarter.

Key YETI News

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI’s brand strength, product innovation, and expansion beyond traditional coolers are viewed as supporting long-term growth. Management’s goal of reaching $1 billion in international revenue by 2030 implies approximately 20% annual growth and represents a significant potential catalyst. YETI: Financials And Overseas Expansion Point To A Bright Future
• Positive Sentiment: Coverage of an upcoming shake-up to YETI’s iconic cooler lineup suggests the company is pursuing new product formats that could broaden demand and refresh its core category. The impact will depend on consumer reception and execution. YETI’s biggest cooler shake-up in years is coming
• Positive Sentiment: Canaccord Genuity raised its YETI price target from $45 to $46, indicating modest potential upside from the recent trading level, although it maintained a “hold” rating. Canaccord Genuity Group Issues Positive Forecast for YETI Stock Price
• Neutral Sentiment: A promotional campaign offering free collectible patches provides incremental brand engagement but is unlikely to materially affect YETI’s financial results. YETI is giving away free collectors’ patches
• Negative Sentiment: A separate article argues investors should avoid YETI, adding to bearish sentiment after the stock’s recent decline. The supplied report does not provide enough detail to assess the underlying reasons or whether they materially change the company’s earnings outlook. 3 reasons to avoid YETI and 1 stock to buy instead

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.