YETI (NYSE:YETI) Shares Gap Down – Should You Sell?

YETI Holdings, Inc. (NYSE:YETI)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $50.84, but opened at $46.00. YETI shares last traded at $45.0480, with a volume of 923,717 shares.

Key YETI News

Here are the key news stories impacting YETI this week:

• Positive Sentiment: YETI reported second-quarter adjusted earnings of $0.67 per share, ahead of the $0.54-$0.55 analyst consensus and slightly above $0.66 a year earlier. Revenue rose approximately 9% year over year to $483.87 million, narrowly exceeding estimates. Yeti Surpasses Q2 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its fiscal 2026 adjusted EPS outlook to $2.94-$3.00, above the roughly $2.80 consensus estimate. The company maintained revenue guidance of approximately $2.0 billion, broadly in line with expectations. YETI Reports Second Quarter 2026 Results
• Positive Sentiment: Broad-based sales strength and plans to return $130 million to shareholders through share repurchases support the investment case. YETI also scheduled an investor day for September 17, which could provide additional details on its growth strategy. YETI Holdings Tops Profit Estimates on Broad-Based Sales Strength
• Neutral Sentiment: YETI appointed CEO Matthew Reintjes as board chair, consolidating leadership responsibilities. The move may improve strategic alignment but also increases reliance on the current leadership team. YETI Appoints CEO Matthew Reintjes as Board Chair
• Negative Sentiment: Reports highlighting coolers and other gear being sold below retail could raise concerns about promotional intensity and potential pressure on margins, although the articles do not quantify the impact on results. Yeti Gear Offered Below Retail

Analysts Set New Price Targets

YETI has been the subject of a number of research analyst reports. Piper Sandler upped their price target on YETI from $54.00 to $58.00 and gave the stock an “overweight” rating in a report on Monday. Canaccord Genuity Group increased their price target on shares of YETI from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. UBS Group raised 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, July 16th. Robert W. Baird upped their price objective on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $42.00 target price on YETI in a research report on Friday, May 15th. Ten research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.17.

YETI Stock Down 12.1%

The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. The business’s fifty day moving average price is $49.80 and its 200 day moving average price is $44.73. The company has a market capitalization of $3.39 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.60 and a beta of 1.72.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. The business had revenue of $483.87 million for the quarter, compared to analysts’ expectations of $483.80 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 earnings per share. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.44 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

Hedge funds and other institutional investors have recently modified their holdings of the stock. M&T Bank Corp raised its position in shares of YETI by 240.7% during the fourth quarter. M&T Bank Corp now owns 38,006 shares of the company’s stock worth $1,679,000 after acquiring an additional 26,851 shares during the last quarter. Hillsdale Investment Management Inc. boosted its holdings in YETI by 21,066.7% in the first quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company’s stock valued at $3,485,000 after acquiring an additional 94,800 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in YETI in the first quarter valued at about $904,000. Renaissance Technologies LLC increased its position in YETI by 105.5% in the first quarter. Renaissance Technologies LLC now owns 85,500 shares of the company’s stock worth $3,128,000 after purchasing an additional 43,900 shares during the period. Finally, One Capital Management LLC increased its position in YETI by 32.4% in the fourth quarter. One Capital Management LLC now owns 59,917 shares of the company’s stock worth $2,647,000 after purchasing an additional 14,666 shares during the period.

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.