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Yeti Holdings
(NYSE:YETI)
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Rating:71Outperform
Price Target:
$55.00
▲(33.59% Upside)
Action:Reiterated
Date:05/14/26
The score is driven primarily by solid financial quality (strong recent free cash flow and manageable leverage) and a positive earnings-call setup with raised guidance. These are tempered by a weaker technical backdrop (price below key moving averages and subdued momentum) and ongoing near-term margin/tariff uncertainty, while valuation appears reasonable at ~14.8x earnings.
Positive Factors
Strong Cash Generation
YETI’s consistent trailing‑twelve‑month operating and free cash flow, with FCF roughly 0.75–0.84x of net income, provides durable internal funding for capex, inventory, paydowns or buybacks. Strong cash conversion supports strategic flexibility and resilience through seasonal cycles.
Negative Factors
Near‑term Margin Pressure & Tariff Risk
Material gross margin compression driven by tariffs, unfavorable channel mix and higher input/shipping costs represents a structural risk to near‑term operating profitability. If tariff or commodity volatility persists, margin recovery may be delayed and constrain free cash flow in the next 2–6 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
YETI’s consistent trailing‑twelve‑month operating and free cash flow, with FCF roughly 0.75–0.84x of net income, provides durable internal funding for capex, inventory, paydowns or buybacks. Strong cash conversion supports strategic flexibility and resilience through seasonal cycles.
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 FlyYeti Holdings (YETI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.73B
Dividend YieldN/A
Average Volume (3M)1.69M
Price to Earnings (P/E)24.6
Beta (1Y)1.25
Revenue Growth3.16%
EPS Growth-4.60%
CountryUS
Employees1,340
SectorConsumer Cyclical
Sector Strength84
IndustryLeisure
Share Statistics
EPS (TTM)2.00
Shares Outstanding75,758,320
10 Day Avg. Volume1,548,341
30 Day Avg. Volume1,687,670
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 Cap0.99
Enterprise Value/Revenue1.94
Enterprise Value/Gross Profit3.40
Enterprise Value/Ebitda13.80
Forecast
1Y Price Target
$51.64Price Target Upside25.42% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering13
EPS Forecast (FY)2.88
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:May 14, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presents strong operational momentum and top-line growth (Q1 sales +8.3%), notable category and wholesale strength (Drinkware +5%, Coolers & Equipment +11%, Wholesale +19%), a raised full-year revenue and EPS outlook, and continued aggressive capital returns. These positives are tempered by near-term margin pressure (gross margin down ~200 bps in Q1, tariff and input-cost uncertainty), lower Q1 profitability (adjusted operating income and net income down ~24% and ~23%), a significant cash decline due to buybacks, and some supply/corporate-sales lumpiness. Management’s tone is confident, with a constructive outlook for H2 improvement in margins and capacity to capture demand. Overall, the operational and strategic positives outweigh the near-term financial headwinds described.Positive Updates
Top-Line Growth and Raised Full-Year Guide
Q1 sales of $380.4M, up 8.3% year-over-year; company raised full-year sales growth guidance to 7%–8% (from prior 6%–8%) based on Q1 momentum.
Negative Updates
Margin Pressure in Q1 and Near-Term
Adjusted gross profit was $210M (55.3% of sales), down ~200 bps YoY. Q1 included a ~280 bps headwind from higher tariff costs and an unfavorable D2C mix; company expects first-half gross margins to decline roughly 200 bps YoY before modest recovery in H2.
Read all updates
Q1-2026 Updates
Positive
Negative
Top-Line Growth and Raised Full-Year Guide
Q1 sales of $380.4M, up 8.3% year-over-year; company raised full-year sales growth guidance to 7%–8% (from prior 6%–8%) based on Q1 momentum.
Read all positive updates
Company Guidance
YETI raised its 2026 sales guidance to 7–8% growth and detailed multi‑year pacing: coolers & equipment expected to grow high single‑digit to low double‑digit, drinkware mid‑single‑digit, U.S. low‑ to mid‑single‑digit and international high‑teens to 20% (management noted international trending toward 23%+ of full‑year sales); full‑year gross margin is guided to 56.5–57.0% (roughly a ~200 bp Y/Y decline in H1 and ~50 bp expansion in H2), adjusted operating income margin ~14.6% (adjusted OI growth 8–10%), OpEx growth of 4–7%, adjusted EPS $2.83–$2.89 (up 14–17%), diluted shares ~76.6M, effective tax rate ~24%, CapEx $60–70M, free cash flow $200–225M, and a remaining share‑repurchase authorization of $500M with ~ $100M planned for 2026; management also highlighted tariff dynamics (a net ~$5M near‑term benefit from recent tariff changes) and expected seasonal phasing of margins (H1 operating margins down ~450 bps, H2 up ~350 bps).Yeti Holdings Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.90B | 1.87B | 1.83B | 1.66B | 1.60B | 1.41B |
| Gross Profit | 1.08B | 1.07B | 1.06B | 943.19M | 763.40M | 816.11M |
| EBITDA | 266.44M | 274.96M | 281.53M | 273.32M | 160.49M | 303.82M |
| Net Income | 158.63M | 165.39M | 175.69M | 169.88M | 89.69M | 212.60M |
Balance Sheet | ||||||
| Total Assets | 1.22B | 1.30B | 1.29B | 1.30B | 1.08B | 1.10B |
| Cash, Cash Equivalents and Short-Term Investments | 127.79M | 188.34M | 358.80M | 438.96M | 234.74M | 312.19M |
| Total Debt | 224.63M | 228.46M | 172.50M | 176.11M | 164.08M | 186.41M |
| Total Liabilities | 558.69M | 649.81M | 546.01M | 573.58M | 550.29M | 578.54M |
| Stockholders Equity | 659.93M | 650.28M | 740.11M | 723.61M | 526.48M | 517.82M |
Cash Flow | ||||||
| Free Cash Flow | 216.08M | 212.07M | 219.55M | 213.12M | 43.98M | 80.76M |
| Operating Cash Flow | 302.38M | 254.74M | 261.39M | 285.94M | 100.89M | 146.52M |
| Investing Cash Flow | -100.86M | -101.84M | -131.45M | -72.82M | -56.91M | -65.76M |
| Financing Cash Flow | -326.51M | -321.39M | -209.22M | -13.60M | -122.63M | -23.02M |
Yeti Holdings Technical Analysis
Positive
41.17
Price Trends
44.72
Positive
42.73
Positive
41.43
Positive
Market Momentum
1.45
Positive
57.01
Neutral
75.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For YETI, the sentiment is Positive. The current price of 41.17 is below the 20-day moving average (MA) of 48.83, below the 50-day MA of 44.72, and below the 200-day MA of 41.43, indicating a bullish trend. The MACD of 1.45 indicates Positive momentum. The RSI at 57.01 is Neutral, neither overbought nor oversold. The STOCH value of 75.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for YETI.
Yeti Holdings Risk Analysis
Yeti Holdings disclosed 50 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.86B | 37.01 | 14.09% | 0.79% | 9.47% | 18.45% | |
71 Outperform | $3.73B | 24.61 | 22.54% | ― | 3.16% | -4.60% | |
65 Neutral | $460.62M | -30.03 | -3.57% | 3.22% | 17.59% | 68.88% | |
62 Neutral | $2.22B | 17.58 | -35.46% | ― | -3.55% | -29.18% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
60 Neutral | $6.93B | 41.51 | 20.87% | 1.15% | 6.34% | -21.30% |
* Consumer Cyclical Sector Average
YETI
Yeti Holdings
49.22
15.93
47.85%
GOLF
Acushnet Holdings
118.31
42.50
56.06%
JOUT
Johnson Outdoors
44.44
13.47
43.50%
PRKS
United Parks & Resorts
47.12
-2.28
-4.62%
OSW
OneSpaWorld Holdings
28.13
7.24
34.63%
Yeti Holdings Corporate Events
Executive/Board ChangesShareholder Meetings
YETI Shareholders Approve Directors, Executive Pay, and Auditor
Positive
May 12, 2026
At its annual meeting of stockholders held on May 7, 2026, YETI Holdings, Inc. reported the election of four Class II directors, with Arne Arens, Mary Lou Kelley, Dustan E. McCoy, and Robert K. Shearer each winning three-year terms ending at the 2...
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.