YETI (NYSE:YETI) Hits New 1-Year High – Still a Buy?

YETI Holdings, Inc. (NYSE:YETI) hit a new 52-week high on Friday . The company traded as high as $52.38 and last traded at $52.2240, with a volume of 96698 shares trading hands. The stock had previously closed at $51.06.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Morgan Stanley set a $45.00 target price on shares of YETI in a research report on Tuesday, June 23rd. UBS Group boosted their price target on shares of YETI from $45.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday. Canaccord Genuity Group upped their price target 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. Weiss Ratings cut shares of YETI from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Robert W. Baird raised their price objective on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Nine analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $51.33.

YETI Trading Up 2.1%

The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. The firm’s 50-day simple moving average is $47.09 and its 200 day simple moving average is $44.28. The stock has a market capitalization of $3.95 billion, a P/E ratio of 26.56, a PEG ratio of 1.52 and a beta of 1.73.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.09. The company had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.44 EPS for the current fiscal year.

Institutional Trading of YETI

A number of large investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC grew its position in YETI by 9.6% in the first quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock worth $214,000 after buying an additional 569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of YETI by 5.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 287,837 shares of the company’s stock valued at $9,527,000 after buying an additional 14,920 shares in the last quarter. M&T Bank Corp lifted its position in shares of YETI by 17.6% during the 2nd quarter. M&T Bank Corp now owns 8,648 shares of the company’s stock valued at $272,000 after acquiring an additional 1,294 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of YETI by 48.8% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 16,404 shares of the company’s stock valued at $517,000 after acquiring an additional 5,379 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of YETI by 2.5% during the 2nd quarter. California Public Employees Retirement System now owns 144,069 shares of the company’s stock worth $4,541,000 after acquiring an additional 3,507 shares in 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.