YETI: Direct-to-Consumer Momentum and Margin Leverage Make a Tactical Long
YETI is trading near $43.58 after an investor day that laid out clear growth targets and a framework for margin expansion. Direct-to-consumer sales and international expansion are the operational levers; valuation is reasonable given an EV of ~$3.16B and an implied P/E near 18. The trade: buy into DTC momentum with a mid-term horizon to capture mar…