UBS analyst Peter Grom has maintained their neutral stance on YETI stock, giving a Hold rating today.
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Peter Grom has given his Hold rating due to a combination of factors influencing Yeti Holdings. Despite the company’s recent stock performance, which has outpaced both the XLP and its high-growth consumer peers, there are mixed sentiments among investors. Concerns remain about the challenging consumer environment, ongoing tariff uncertainties, and a reliance on a recovery in the latter half of the year, particularly in the fourth quarter.
While the brand’s expansion into new categories, such as bags, has shown promise and could potentially boost top-line growth, there is still a lack of clarity regarding the company’s future earnings trajectory. The valuation appears attractive when compared to historical averages, but the uncertainties surrounding both revenue and profit margins have led to a cautious stance. Therefore, the Hold rating reflects the need for more visibility on Yeti’s financial outlook before making a more definitive investment recommendation.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $38.00 price target.