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Yet they revealed some weaknesses for the company. Although analysts were quick to make bullish adjustments to their Yeti takes, investors weren't as optimistic.
Restricted stock unit vesting triggered a routine non-discretionary disposition, reducing his direct stake by less than 1%. Reintjes retains ~574,000 shares worth $24.7 million.
Three outdoor stocks, namely, PII, TREX and YETI offer double-digit upside potential, with growth estimates and earnings outlooks supporting the picks.
Bank of America Corp DE decreased its position in YETI Holdings, Inc. (NYSE: YETI) by 18.6% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 524,151 shares of the company's stock after selling 119,675 shares during the period. Bank
Yeti (YETI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
YETI Holdings remains a compelling buy after a post-earnings sell-off, with shares now trading within my fair value range of $40.57–$47.87. YETI continues to deliver strong fundamentals: 59% gross margin, nearly 10% free cash flow margin, and double-digit ROE, ROIC, and ROCE. Management reaffirmed high single-digit sales growth and expects 2026 EPS of $2.92–$3.00, signaling about 20% year-over-year growth.
Investors looking for stocks in the Leisure and Recreation Products sector might want to consider either Yeti (YETI) or Pool Corp. (POOL). But which of these two stocks offers value investors a better bang for their buck right now?
Shares in cooler maker, YETI Holdings, Inc., sold off over 10% following the release of its Q2 results. The YETI selloff is despite beats on both the top and bottom lines, as well as a raise in its forward profitability outlook. The stock is up more than 20% since my last update where I mentioned that the stock's value was worth more than investors were crediting it for.