YETI (NYSE:YETI) Price Target Raised to $58.00 at Piper Sandler

YETI (NYSE:YETI) had its price target increased by investment analysts at Piper Sandler from $54.00 to $58.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s price target points to a potential upside of 11.16% from the stock’s current price.

A number of other equities analysts also recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of YETI from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Raymond James Financial reaffirmed an “outperform” rating and set a $55.00 price target on shares of YETI in a report on Friday, May 15th. Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Morgan Stanley set a $45.00 price objective on YETI in a report on Tuesday, June 23rd. Finally, Robert W. Baird boosted their target price on YETI from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. Ten investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, YETI currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.17.

YETI Stock Down 0.0%

YETI stock traded down $0.03 during trading on Monday, reaching $52.17. The stock had a trading volume of 609,328 shares, compared to its average volume of 1,418,441. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. YETI has a 52-week low of $31.56 and a 52-week high of $53.99. The stock has a market cap of $3.95 billion, a PE ratio of 26.62, a P/E/G ratio of 1.65 and a beta of 1.72. The business has a 50 day moving average price of $49.52 and a 200 day moving average price of $44.67.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.09. YETI had a net margin of 8.36% and a return on equity of 22.61%. The company had revenue of $380.41 million for the quarter, compared to the consensus estimate of $374.73 million. During the same period in the prior year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. On average, analysts predict that YETI will post 2.44 EPS for the current year.

Hedge Funds Weigh In On YETI

Several hedge funds have recently made changes to their positions in YETI. SBI Securities Co. Ltd. lifted its holdings in shares of YETI by 91.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Quarry LP purchased a new position in YETI during the 3rd quarter worth approximately $30,000. Safe Harbor Fiduciary LLC purchased a new position in YETI during the 4th quarter worth approximately $41,000. Meeder Asset Management Inc. acquired a new position in YETI during the fourth quarter worth approximately $44,000. Finally, SJS Investment Consulting Inc. lifted its stake in YETI by 56.0% in the first quarter. SJS Investment Consulting Inc. now owns 1,385 shares of the company’s stock valued at $51,000 after buying an additional 497 shares during the last quarter.

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.