YETI (NYSE:YETI) Reaches New 12-Month High – What’s Next?

Shares of YETI Holdings, Inc. (NYSE:YETI) hit a new 52-week high during trading on Monday . The stock traded as high as $47.47 and last traded at $47.2360, with a volume of 346486 shares trading hands. The stock had previously closed at $44.84.

Analyst Ratings Changes

YETI has been the subject of a number of analyst reports. Stifel Nicolaus increased their price target on YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. Canaccord Genuity Group upped their price objective on YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research note on Friday, November 7th. Morgan Stanley increased their target price on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Finally, Jefferies Financial Group restated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.17.

YETI Price Performance

The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The firm’s 50-day moving average price is $40.48 and its 200-day moving average price is $36.51. The stock has a market capitalization of $3.64 billion, a PE ratio of 24.35, a PEG ratio of 2.49 and a beta of 1.77.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.04. The company had revenue of $487.77 million for the quarter, compared to analysts’ expectations of $480.08 million. YETI had a return on equity of 23.62% and a net margin of 8.75%.The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, equities analysts forecast that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Insider Activity

In related 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 transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On YETI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YETI. Vident Advisory LLC bought a new position in YETI in the 1st quarter worth about $225,000. Focus Partners Advisor Solutions LLC purchased a new stake in shares of YETI in the first quarter valued at approximately $263,000. AQR Capital Management LLC grew its stake in YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after purchasing an additional 1,280,622 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in YETI by 9.6% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,466 shares of the company’s stock valued at $214,000 after purchasing an additional 569 shares in the last quarter. Finally, Empowered Funds LLC lifted its holdings in shares of YETI by 2,337.7% in the 1st quarter. Empowered Funds LLC now owns 225,781 shares of the company’s stock worth $7,473,000 after buying an additional 216,519 shares during the period.

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.