YETI: Durable Buybacks And Strong Web Trends Will Shape Upcoming Performance

The average analyst price target for YETI Holdings has increased from approximately $37.93 to $40.47. Analysts cite improving outlooks for drinkware sales, a resilient share repurchase program, and potential for upside performance in upcoming quarters.

Analyst Commentary

Recent analyst research on YETI Holdings reflects a mix of optimism and caution regarding the company's future performance. The perspectives center on evolving category growth, valuation upside, and operational execution through ongoing market challenges.

Bullish Takeaways

• Visibility is improving for a return to global drinkware growth, especially heading into the fourth quarter. This suggests that category challenges may be easing internationally.
• Strong web traffic trends, particularly in August, are seen as a positive indicator. These trends signal potential upside surprises in near-term quarterly results and underlying strength in direct-to-consumer channels.
• The pace of share repurchases has accelerated and is expected to remain durable. This could potentially add 1 to 2 percent to annual earnings per share growth over the next several years.
• Bullish analysts anticipate that new product launches and greater operating leverage could support an acceleration in overall growth looking toward fiscal year 2026.

Bearish Takeaways

• The U.S. drinkware segment is expected to remain challenged due to heightened competition and aggressive promotional activity, which could potentially weigh on short-term sales growth.
• Despite encouraging signals internationally, current valuation may already reflect a portion of the anticipated recovery. This could limit near-term upside for shares.
• Analysts remain cautious about the sustainability of growth in a competitive landscape, especially if category dynamics or macroeconomic headwinds persist.

What's in the News

• YETI Holdings completed a major share repurchase, buying back 4,278,800 shares (5.21% of total shares) for $149.85 million between June 29, 2025 and November 6, 2025. This brings the total repurchased under the February 2024 buyback program to 10,149,803 shares (12.11% of outstanding shares), with a total spend of $372.82 million (company filing).

Valuation Changes

• Consensus Analyst Price Target has risen from $37.93 to $40.47, reflecting a modest increase in perceived fair value.
• Discount Rate increased slightly from 7.01% to 7.22%, indicating a higher required rate of return.
• Revenue Growth projections moved upward from 4.63% to 5.57%, which points to a more optimistic outlook for future sales expansion.
• Net Profit Margin estimates edged down from 9.59% to 9.42%, signaling a minor decrease in expected profitability.
• Future Price-to-Earnings (P/E) Ratio declined from 16.49x to 15.97x, which implies shares are expected to trade at a lower earnings multiple going forward.