YETI Holdings To $57? These Analysts Boost Price Targets On The Stock Following Upbeat Q3 Results

YETI Holdings YETI reported better-than-expected Q3 results.

YETI reported third-quarter FY22 sales growth of 20% year-on-year to $433.56 million, beating the consensus of $414.50 million. Adjusted EPS of $0.63 beat the analyst consensus of $0.58.

The company sees adjusted EPS of $2.36 (prior view $2.34-$2.46), reflecting a 9% decrease Y/Y, and against the consensus of $2.37.

YETI shares jumped 31.6% to close at $39.92 on Thursday.

These analysts made changes to their price targets on YETI following the release of quarterly results.

• Piper Sandler increased price target on the stock from $48 to $57. Piper Sandler analyst Peter Keith maintained an Overweight rating on the stock.
• Citigroup boosted YETI price target from $43 to $47. Citigroup analyst Wendy Nicholson maintained a Buy rating on the stock.
• Raymond James raised the price target on YETI from $54 to $55. Raymond James analyst Joseph Altobello maintained an Outperform rating on the stock.