YETI (NYSE:YETI) Price Target Raised to $40.00 at Canaccord Genuity Group

YETI (NYSE:YETI) had its price objective raised by Canaccord Genuity Group from $37.00 to $40.00 in a research note published on Thursday,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

Several other equities analysts have also commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Stifel Nicolaus increased their price target on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. B. Riley reissued a “neutral” rating and set a $35.00 price objective (up previously from $32.00) on shares of YETI in a research note on Monday, November 10th. William Blair restated an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Finally, UBS Group raised their target price on shares of YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.82.

YETI Stock Performance

YETI stock opened at $49.17 on Thursday. YETI has a fifty-two week low of $26.61 and a fifty-two week high of $50.34. The stock’s 50 day simple moving average is $41.48 and its two-hundred day simple moving average is $36.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.16 and a current ratio of 2.16. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 25.61, a PEG ratio of 2.64 and a beta of 1.77.

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

Insider Transactions at YETI

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of YETI 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 completion of the transaction, the senior vice president directly owned 56,397 shares of the company’s stock, valued at approximately $2,555,912.04. The trade was a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.94% of the company’s stock.

Hedge Funds Weigh In On YETI

Several hedge funds and other institutional investors have recently bought and sold shares of YETI. IFP Advisors Inc raised its holdings in shares of YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after purchasing an additional 865 shares during the last quarter. True Wealth Design LLC boosted its holdings in YETI by 141.1% in the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares during the last quarter. UMB Bank n.a. grew its position in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after purchasing an additional 468 shares during the period. Quarry LP bought a new stake in YETI in the 3rd quarter worth approximately $30,000. Finally, Parallel Advisors LLC raised its stake in YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares during the last quarter.

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.