John Kernan, an analyst from TD Cowen, maintained the Hold rating on Yeti Holdings. The associated price target is $36.00.
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John Kernan’s rating is based on a combination of factors, including Yeti Holdings’ recent performance and future growth prospects. The company has shown some positive signs, such as a slight beat in the third quarter results and an increase in the low-end of its FY25 guidance range. This was driven by a favorable reception to new products and international expansion, which contributed to sales growth. However, there are still uncertainties regarding growth forecasts into FY26, particularly from a geographical and category perspective.
Despite the positive aspects, challenges remain, such as the impact of US tariffs and the need for further improvement in North American sales. The company’s drinkware category is expected to show growth in the fourth quarter, but there are concerns about operating margin contraction due to tariff costs. Given these mixed signals, Kernan has opted for a Hold rating, reflecting a cautious stance while acknowledging the potential for improvement in international markets and product innovation.
Kernan covers the Consumer Cyclical sector, focusing on stocks such as Ralph Lauren, Burlington Stores, and Deckers Outdoor. According to TipRanks, Kernan has an average return of 8.6% and a 53.17% success rate on recommended stocks.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $36.00 price target.