$YETI

Smith & Wesson (SWBI) reported Q2 revenue of $112.6M, up 32.3% YoY, beating estimates. Stock up 18.1% since reporting. Brunswick (BC) reported $1.56B revenue, up 7.7% YoY, but missed EPS guidance. Stock down 21.2%. American Outdoor Brands (AOUT) reported $37.25M revenue, up 25.4% YoY, beating estimates. Stock up 59.8%. YETI (YETI) reported $483.9M revenue, up 8.5% YoY, in line with estimates. Stock down 22.3%.

Smith & Wesson (SWBI) reported Q2 revenue of $112.6M, up 32.3% YoY, beating estimates. Shares rose 17.9% to $14.47. Brunswick (BC) reported $1.56B revenue, up 7.7% YoY, but missed EPS guidance, dropping 19.2% to $64.98. YETI (YETI) reported $483.9M revenue, up 8.5% YoY, in line with estimates, but shares fell 20.8% to $40.29. Acushnet (GOLF) reported $820M revenue, up 13.8% YoY, beating estimates, but shares dropped 19.6% to $82.95.

YETI Holdings (YETI) was upgraded to Buy by Stifel, which raised its price target to $50. The firm sees growth in international expansion and new categories like bags and soft coolers. YETI reported 9% revenue growth, beat EPS estimates, and raised guidance. The stock trades at a 22% discount to its 5-year average P/E. Hedge fund ownership increased slightly, but short interest is high at 14.10% of the float.

YETI's stock rose 3.3% after Canaccord Genuity raised its price target to $46, citing improved sales or margins. The stock closed at $43.35, up 2.5% from the prior day. YETI is down 3.3% year-to-date and 17.7% below its 52-week high. Analyst upgrades have previously driven significant price movements.

YETI outlined plans to grow sales, expand products, and increase international business at its 2026 Investor Day. Net sales reached $1.9B in 2025, up from $800M in 2018. The company targets $1B in international sales by 2030 and aims for bags/soft coolers to become a $1B platform. YETI also partners with skateboarders like Nora Vasconcellos to reach new audiences.

Global markets are mixed as crude oil prices and bond yields rise. Saudi Arabia aims to restore half of its East-West pipeline capacity, which was shut due to drone strikes. Markets price in a 58% chance of a 25 bp Fed rate hike. Software and cybersecurity stocks fall, while chipmakers and crypto-exposed stocks rise. Netflix drops after a downgrade, and Nucor declines on weaker earnings guidance. Bitcoin gains over 2% after SEC's digital securities plan.

Analysts at Needham and KeyBanc maintained Buy ratings on DraftKings (DKNG) with a $35.00 target and Yeti Holdings (YETI) with a $57.00 target. DKNG's consensus target is $32.72 (34.5% upside), while YETI's is $55.27 (31.6% upside). Both stocks have Strong Buy/Moderate Buy consensus ratings.

Church & Dwight (CHD) acquired Miss Mouth's Messy Eater, reporting 5% organic sales growth in Q1 2026. YETI (YETI) saw 8% net sales growth in Q1, expanding share buyback authorization. Newell Brands (NWL) reported $2B in Q2 sales, raising its full-year outlook.

YETI (YETI) shares rose 3.1% after Stifel upgraded its rating to Buy and raised the price target to $50. The stock later settled at $42.43, up 2.9%. YETI reported Q2 2026 earnings of $0.67 per share, beating estimates, with revenue at $483.9M. The company raised its full-year earnings guidance to $2.94–$3.00 per share. YETI is down 5.4% YTD and 19.5% below its 52-week high.

Analysts made several rating changes: BTIG upgraded Etsy to Buy with a $90 target, JPMorgan upgraded Tyson Foods to Overweight with a $63 target, Mizuho initiated Boyd Group as Outperform with a $120 target, TD Cowen upgraded Targa Resources to Buy with a $350 target, Barclays initiated Tower Semiconductor as Overweight, Stifel upgraded Yeti to Buy with a $50 target, Citi upgraded Stubhub to Buy, KeyBanc initiated NeuroPace as Overweight, UBS upgraded Waste Connections to Buy, Bank of America in