Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - Roth/MKM has raised its price target on Yeti Holdings Inc. (NYSE:YETI) to $33.00 from $30.00 while maintaining a Neutral rating on the stock. According to InvestingPro data, 13 analysts have recently revised their earnings estimates upward, with the company maintaining a GOOD financial health score.
The price target adjustment follows what the research firm described as a "mixed" second quarter for the premium cooler and drinkware maker, which reported a sales miss due to softer wholesale demand trends but delivered better-than-expected profits.
Yeti’s profit beat was attributed to gross margins that performed better than feared and tight expense management, according to Roth/MKM’s analysis of the company’s quarterly performance.
The research firm noted that Yeti management has lowered its 2025 sales outlook, which appears to reflect sustained weakness in the U.S. drinkware category while also indicating some general consumer softness, including trade-downs from higher-priced soft coolers and weaker conversion rates on yeti.com.
Roth/MKM has revised its estimates in line with Yeti’s new 2025 outlook, projecting lower sales but higher profit metrics for the outdoor product manufacturer.
In other recent news, YETI Holdings announced its second-quarter earnings for 2025, which included an adjusted earnings per share (EPS) of $0.66, exceeding analysts’ expectations of $0.54. Despite this positive earnings result, the company’s revenue did not meet projections, reporting $445.9 million compared to the anticipated $462.8 million. This revenue shortfall has raised concerns among investors, although the EPS beat was a positive highlight. The company’s stock experienced a notable decline, although this article focuses on the earnings and revenue results. These developments reflect the mixed financial performance of YETI Holdings in the second quarter. Investors and analysts continue to monitor the company’s performance closely.
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