William Blair analyst Phillip Blee has maintained their bullish stance on YETI stock, giving a Buy rating on May 11.
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Phillip Blee has given his Buy rating due to a combination of factors that highlight Yeti’s strong operating momentum and improving fundamentals. He points to the company’s first-quarter results, which exceeded expectations across revenue and earnings, along with management’s decision to raise full-year targets for sales, profit margins, and EPS, as evidence of durable demand and solid execution.
He also emphasizes the expanded share repurchase authorization and robust free-cash-flow outlook as indicators of balance sheet strength and shareholder-friendly capital allocation. In addition, the renewed growth in U.S. drinkware and healthy wholesale performance alleviate prior demand concerns and support confidence that cost efficiencies and tariff-related benefits can offset rising input and logistics costs, despite some softness in international and corporate channels.
In another report released on May 11, Piper Sandler also maintained a Buy rating on the stock with a $54.00 price target.