William Blair analyst Phillip Blee has reiterated their bullish stance on YETI stock, giving a Buy rating on November 7.
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Phillip Blee has given his Buy rating due to a combination of factors that suggest Yeti Holdings is poised for growth. The company is expected to accelerate sales and earnings growth in the fourth quarter and into 2026, despite some concerns about consumer demand during the holiday season. Management’s confidence in their guidance is supported by positive trends in sales, especially in coolers and bags, and a strong outlook for international growth.
Furthermore, Yeti Holdings is anticipated to overcome current industry challenges by 2026, with improvements in margins due to tariff mitigation and a strategic focus on supply chain diversification. The company’s ability to generate significant free cash flow opens opportunities for share repurchases and potential M&A activities, which could further enhance shareholder value. The forecasted sales and earnings growth, along with the potential for increased share buybacks, underpins the optimistic outlook and supports the Buy rating.
Blee covers the Consumer Cyclical sector, focusing on stocks such as Yeti Holdings, Floor & Decor Holdings, and Five Below. According to TipRanks, Blee has an average return of 11.2% and a 45.16% success rate on recommended stocks.
In another report released on November 7, Piper Sandler also maintained a Buy rating on the stock with a $43.00 price target.