YETI (NYSE:YETI) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of YETI (NYSE:YETI) from a buy rating to a hold rating in a report released on Sunday morning.

Several other research firms have also recently commented on YETI. Stifel Nicolaus set a $41.00 price target on shares of YETI in a research note on Thursday, April 16th. Piper Sandler increased their price target on shares of YETI from $43.00 to $54.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. The Goldman Sachs Group reissued a “neutral” rating and set a $45.00 price target on shares of YETI in a research note on Tuesday, January 27th. Citigroup increased their price target on shares of YETI from $44.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Finally, Morgan Stanley decreased their price target on shares of YETI from $48.00 to $47.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 10th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

YETI Stock Performance

NYSE YETI opened at $41.19 on Friday. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 20.29 and a beta of 1.80. The company has a 50 day moving average of $40.35 and a 200-day moving average of $41.14. The company has a current ratio of 1.98, a quick ratio of 1.11 and a debt-to-equity ratio of 0.11. YETI has a 1-year low of $27.17 and a 1-year high of $51.29.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.04. YETI had a net margin of 8.85% and a return on equity of 22.53%. The company had revenue of $583.71 million during the quarter, compared to analyst estimates of $582.43 million. During the same quarter last year, the business posted $1.00 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.770-2.830 EPS. On average, equities analysts forecast that YETI will post 2.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

A number of hedge funds and other institutional investors have recently bought and sold shares of YETI. Baillie Gifford & Co. boosted its stake in YETI by 50.9% in the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock valued at $174,259,000 after acquiring an additional 1,330,278 shares during the last quarter. Cooper Creek Partners Management LLC bought a new position in YETI in the third quarter valued at approximately $36,150,000. Morgan Stanley boosted its stake in YETI by 117.5% in the fourth quarter. Morgan Stanley now owns 1,884,361 shares of the company’s stock valued at $83,232,000 after acquiring an additional 1,017,947 shares during the last quarter. Clark Capital Management Group Inc. bought a new position in YETI in the fourth quarter valued at approximately $44,666,000. Finally, Disciplined Growth Investors Inc. MN bought a new position in YETI in the third quarter valued at approximately $25,640,000.

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.