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Yeti Holdings
(NYSE:YETI)
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Rating:64Neutral
Price Target:
$48.00
▲(12.73% Upside)
Action:Downgraded
Date:08/17/26
The score is driven by solid underlying financial quality (high gross margins, strong ROE) and a constructive earnings update with raised margin/EPS guidance. These positives are weighed down by clearly weak technical momentum (below key moving averages with negative MACD) and some fundamental watch items (margin compression versus prior peaks, rising leverage, and weaker recent cash conversion).
Positive Factors
Broad-based revenue and portfolio growth
Growth across products, channels and customer access points reduces reliance on one category or route to market. Continued expansion of coolers, drinkware and adjacent gear supports a more diversified and repeatable revenue base.
Negative Factors
Operating expense pressure is weighing on margins
Higher brand spending and incentive costs are reducing operating leverage, even as gross margin improves. If elevated selling and marketing investment persists without stronger sales productivity, earnings margins may remain below historical peak levels.
Read all positive and negative factors
Positive Factors
Negative Factors
Broad-based revenue and portfolio growth
Growth across products, channels and customer access points reduces reliance on one category or route to market. Continued expansion of coolers, drinkware and adjacent gear supports a more diversified and repeatable revenue base.
Read all positive factors
Yeti Holdings Key Performance Indicators (KPIs)
Any
Revenue by Geography
Shows how sales split across regions (U.S. vs. international), revealing where Yeti is strongest and where it may have room to expand. Heavy U.S. concentration can mean dependence on domestic consumer trends and seasonality, while rising international sales signal new growth markets and potential currency or distribution risks.
Shows how sales split across regions (U.S. vs. international), revealing where Yeti is strongest and where it may have room to expand. Heavy U.S. concentration can mean dependence on domestic consumer trends and seasonality, while rising international sales signal new growth markets and potential currency or distribution risks.
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The Fly
The FlyYeti Holdings (YETI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.11B
Dividend YieldN/A
Average Volume (3M)1.12M
Price to Earnings (P/E)18.0
Beta (1Y)1.28
Revenue Growth6.24%
EPS Growth10.22%
CountryUS
Employees1,390
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)2.32
Shares Outstanding72,988,790
10 Day Avg. Volume1,187,328
30 Day Avg. Volume1,117,595
Financial Highlights & Ratios
PEG Ratio-22.64
Price to Book (P/B)5.55
Price to Sales (P/S)1.93
P/FCF Ratio17.03
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$55.27Price Target Upside29.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering12
EPS Forecast (FY)2.97
Revenue Forecast (FY)$2.01B
Yeti Holdings Business Overview & Revenue Model
Company Description
YETI Holdings, Inc. develops, promotes, sells, and distributes premium products designed for outdoor enthusiasts and recreational activities, all under the prominent YETI brand. Their offerings encompass a diverse selection of hard and soft cooler...
How the Company Makes Money
YETI primarily makes money by selling branded, premium-priced outdoor and lifestyle products to consumers and retailers. Its revenue is generated through two main sales channels: (1) Direct-to-consumer (DTC), which includes sales through YETI’s e-...
Yeti Holdings Earnings Call Summary
Earnings Call Date:Aug 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 05, 2026
Earnings Call Sentiment Positive
The call presented a broadly constructive picture: solid top-line growth (9% YoY), strong international momentum (+19%), notable margin improvement (adjusted gross margin +170 bps) and upgraded full-year guidance for margins and EPS. These positives were balanced against near-term profitability pressure from OpEx timing (brand campaign), inflationary and tariff headwinds (including a one-time tariff refund benefit in Q2), a material decline in cash versus last year and some regional/channel softness (Canada, corporate sales). Management emphasized diversification, product/platform expansion, disciplined capital allocation (significant share repurchases), and confidence in long-term runway—leading to guidance that assumes stable growth for the year but with cautious assumptions about tariffs and input-cost inflation.Positive Updates
Top-line Growth
Total sales of approximately $484 million in Q2, representing 9% year-over-year growth across categories, channels and geographies.
Negative Updates
Profitability Pressure on Operating Line
Adjusted operating income decreased 7% to $68 million (14.1% of sales) and adjusted net income decreased 8% to $51 million (10.5% of sales) in Q2, reflecting timing of brand spend and higher OpEx.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-line Growth
Total sales of approximately $484 million in Q2, representing 9% year-over-year growth across categories, channels and geographies.
Read all positive updates
Company Guidance
YETI updated its 2026 guidance calling for full‑year sales growth of 7–8% (U.S. low‑ to mid‑single‑digit, international high‑teens to 20%), with Coolers & Equipment expected to grow high‑single to low‑double digits and Drinkware mid‑single digits; by channel, wholesale is guided to high‑single to low‑double‑digit growth and D2C to mid‑single digits. Profitability targets were raised: adjusted gross margin 57.5–58% (up 100 bps vs prior guidance), adjusted operating income margin ~14.9% (up 30 bps), adjusted operating income growth 10–12%, and management expects H2 operating margins to expand ~280 bps year‑over‑year; the plan assumes tariffs revert to ~20% in September and includes a one‑time IEEPA refund benefit (~$8.2M, ~170 bps benefit expensed in 2026 and ~$0.08 to EPS, netting ~60 bps benefit to adjusted gross margin). The company now expects adjusted EPS of $2.94–$3.00 (up 19–21%), an effective tax rate of ~24%, ~75.4M diluted shares outstanding (reflecting 2.8M shares/$130M repurchased in Q2 and ~$370M remaining authorization), capex of $60–70M, and free cash flow of $200–225M.Yeti Holdings Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.94B | 1.87B | 1.83B | 1.66B | 1.60B | 1.41B |
| Gross Profit | 1.15B | 1.07B | 1.06B | 943.19M | 763.40M | 816.11M |
| EBITDA | 288.70M | 274.96M | 281.53M | 273.32M | 160.49M | 303.82M |
| Net Income | 178.79M | 165.39M | 175.69M | 169.88M | 89.69M | 212.60M |
Balance Sheet | ||||||
| Total Assets | 1.30B | 1.30B | 1.29B | 1.30B | 1.08B | 1.10B |
| Cash, Cash Equivalents and Short-Term Investments | 59.82M | 188.34M | 358.80M | 438.96M | 234.74M | 312.19M |
| Total Debt | 253.03M | 228.46M | 172.50M | 176.11M | 164.08M | 186.41M |
| Total Liabilities | 692.22M | 649.81M | 546.01M | 573.58M | 550.29M | 578.54M |
| Stockholders Equity | 609.50M | 650.28M | 740.11M | 723.61M | 526.48M | 517.82M |
Cash Flow | ||||||
| Free Cash Flow | 207.41M | 212.07M | 219.55M | 213.12M | 43.98M | 80.76M |
| Operating Cash Flow | 303.64M | 254.74M | 261.39M | 285.94M | 100.89M | 146.52M |
| Investing Cash Flow | -110.71M | -101.84M | -131.45M | -72.82M | -56.91M | -65.76M |
| Financing Cash Flow | -397.13M | -321.39M | -209.22M | -13.60M | -122.63M | -23.02M |
Yeti Holdings Technical Analysis
Negative
42.58
Price Trends
48.72
Negative
45.59
Negative
44.28
Negative
Market Momentum
-2.01
Positive
28.77
Positive
3.67
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Negative. The current price of 42.58 is below the 20-day moving average (MA) of 47.38, below the 50-day MA of 48.72, and below the 200-day MA of 44.28, indicating a bearish trend. The MACD of -2.01 indicates Positive momentum. The RSI at 28.77 is Positive, neither overbought nor oversold. The STOCH value of 3.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for YETI.
Yeti Holdings Risk Analysis
Yeti Holdings disclosed 49 risk factors in its most recent earnings report. Yeti Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Yeti Holdings Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $2.67B | 33.09 | 14.46% | 0.72% | 9.82% | 15.96% | |
64 Neutral | $3.11B | 18.01 | 27.27% | ― | 6.24% | 10.22% | |
64 Neutral | $5.04B | 23.59 | 25.98% | 0.94% | 8.77% | -2.02% | |
62 Neutral | $473.81M | -58.31 | -1.90% | 2.87% | 17.49% | 82.16% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
52 Neutral | $1.98B | 17.12 | -27.85% | ― | -3.54% | -31.58% |
* Consumer Cyclical Sector Average
YETI
Yeti Holdings
41.78
6.92
19.85%
GOLF
Acushnet Holdings
84.95
8.87
11.66%
JOUT
Johnson Outdoors
45.76
6.34
16.07%
PRKS
United Parks & Resorts
42.49
-9.07
-17.59%
OSW
OneSpaWorld Holdings
26.47
3.96
17.60%
Yeti Holdings Corporate Events
Business Operations and StrategyExecutive/Board Changes
YETI Holdings Appoints CEO Matthew Reintjes as Board Chair
Positive
Aug 12, 2026
On August 7, 2026, YETI Holdings, Inc. expanded the leadership responsibilities of President and Chief Executive Officer Matthew J. Reintjes by appointing him Chair of the Board, consolidating key executive and governance roles under a single lead...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.