William Blair analyst Phillip Blee has maintained their bullish stance on YETI stock, giving a Buy rating on November 4.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Phillip Blee has given his Buy rating due to a combination of factors that highlight Yeti Holdings’ strong performance and potential for future growth. The company reported better-than-expected third-quarter results, with a notable 1.9% increase in sales, surpassing market expectations. This growth was driven by a significant 12% rise in coolers and equipment sales, particularly in soft coolers and bags, which saw a boost from viral marketing.
Additionally, Yeti’s management has raised the full-year outlook for sales and EPS, reflecting their confidence in the company’s performance heading into the holiday season. Despite challenges in the drinkware segment, which saw a 4% decline, the consistency with year-to-date trends suggests stability. The focus on product innovation and category expansion is expected to drive top-line growth in the coming years, with 2025 being a reset year and a more optimistic outlook for 2026. The company’s efforts to diversify its supply chain and improve margins further support the positive rating.
Blee covers the Consumer Cyclical sector, focusing on stocks such as Yeti Holdings, Advance Auto Parts, and Five Below. According to TipRanks, Blee has an average return of 11.2% and a 45.16% success rate on recommended stocks.
In another report released on November 4, Jefferies also maintained a Buy rating on the stock with a $70.00 price target.