This Yeti bag is the hottest tote of the summer — and Wall Street's paying attention
The waterproof tote bag, made by Texas-based outdoor recreation products company Yeti, has been all over MomTok. Parents are taking videos touting it as the sleekest, most durable bag for carrying their things while ferrying children from place to place.
It costs between $150 and $170, per its product listing on Dick's Sporting Goods.
The bag, boxy with heavy-duty handles, is huge — 18.1 inches in length, 9.8 inches in width, and 15.2 inches in height. Yeti's website said the bag's carry handles can manage up to 300 pounds of weight.
A Friday analyst note from Jefferies on July 18 said the tote has gone viral, with search trends for "YETI Camino 35 Carryall Tote Bag" skyrocketing by 1,100% in the past month. Searches for "YETI bag" have increased by 200%, the note said.
Representatives for Yeti did not respond to a request for comment from Business Insider.
Perfect bag for a day of bringing kids around
Melissa Navarette, a California-based content creator and makeup artist, said she spotted the Yeti Camino 35 last year while scrolling on TikTok for the perfect mom bag.
She told Business Insider she needed a bag to bring supplies from her family's house onto their boat for a ride around the lake.
She now has two Yeti Camino 35s — one in bright pink and another in jet black. And she's customized them with bag charms, beaded chains, bows, and even a pink Labubu plushie.
"The bag has collapsible pockets on the inside, perfect for all of us moms carrying our large Stanley cups around," she said. "I absolutely think it's worth the price."
Angelica Torres, a Miami-based content creator and first-grade teacher, said she was already a Yeti fan. The company, founded in 2006 by brothers Roy and Ryan Seiders, is also known for its cooler bags, water bottles, and travel bags.
"I bought it to use as my teacher bag for the upcoming school year. I needed something that could keep up with my daily routine, carry all my materials, and still look sleek," Torres said.
Erin Gunther, a South Carolina-based content creator who heads a video production company, said she bought her Yeti bag in June while browsing Dick's Sporting Goods for an Owala water bottle.
She bought it to carry her family's items to the beach, pool, and boat. She said, "I would seriously buy it 100 times over. It's so versatile, and I think it's going to look brand new for years."
The content creators compared it to the Bogg Bag, another mom bag that's been popular on TikTok.
The Bogg Bag, which retails on Dick's Sporting Goods' website for $90 before discounts, is a large, flexible plastic bag with holes in the sides. It looks like a bag version of Crocs.
"The Yeti bag is much more comfortable to carry versus the Bogg Bag. It's also much cuter in my opinion," said Navarrete.
Gunther, too, said she preferred the Yeti Camino's straps over the Bogg Bag's, saying the latter's straps were uncomfortable to carry.
Torres said she used a mix of canvas totes and nylon bags for work before switching to the Yeti, and they wore out quickly.
"The Camino is a major upgrade; it stands upright, doesn't collapse, and handles wear and tear much better," Torres said.
The bag is on Jefferies analysts' radar
Jefferies analysts said in a Friday note that the bag has gone viral, and it's boosting Yeti's growth.
"Yeti's product innovation is gaining traction, with bags quickly becoming a key growth pillar for the company," Jefferies analysts said in the note, adding that they view the category as a "major contributor to future growth."
Jefferies analysts mentioned the Yeti bag in a Monday note, saying its momentum boosted their confidence in Yeti Holdings' stock.
"We'd be aggressive buyers at current levels," the note said.
The company's stock price is up more than 28% in the past month but is flat compared to a year before.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
20 minutes ago
- New York Post
Ozzy Osbourne's unique, but fitting final business ventures — including cans laced with his DNA
Can Ozzy Osbourne be resurrected? If you'd like to give it a try, purchase a can of this while supplies last. The legendary 'Prince of Darkness' who died on Tuesday at 76 partnered last month with Liquid Death – the canned water brand known for its heavy metal aesthetic – to sell special-edition cans of iced tea. The major, head-banging twist: These cans purportedly bear traces of Osbourne's DNA. 4 Ozzy Osbourne crushing a can of Liquid Death iced tea. Liquid Death The ad pitch from Liquid Death claims the 'Iron Man' singer drank and then crushed 10 cans of its iced tea, leaving behind 'trace DNA from his saliva.' 'Now, when technology and federal law permits, you'll be able to replicate Ozzy Osbourne and enjoy him for hundreds of years into the future,' the company said. 'DNA integrity and cloning results not guaranteed,' the company added. With Osbourne's signature on each package, the cans originally sold out quickly at $450 a pop – but that price soared as high as $4,655 for a resale on eBay after his death on Tuesday. 'Ozzy Osbourne is 1 of 1. But we're selling his actual DNA so you can recycle him forever,' Liquid Death said of the collaboration, which is called 'Infinitely Recyclable Ozzy.' 4 Three crushed cans with Ozzy Osbourne's signature – and apparent traces of his DNA. Liquid Death A regular Liquid Death iced tea sells for about $2 at Walmart and Stop & Shop. The Black Sabbath frontman also partnered with UK-based Jolie Beauty earlier this month on a limited-edition makeup collection with the moniker 'I'm Going Through Changes'. It included makeup brushes with black and red bristles, a hand mirror that looks like a vinyl record and lip products and eye glitters with shade names like 'Bloodbath,' 'Nightmare' and 'Hellraiser.' These weren't Osbourne's first unconventional partnerships. 4 Ozzy Osbourne performing during the half-time show at the 2022 NFL season opening game. Getty Images In 2003, Chipotle created the Chipotle Celebrity Card – which grants unlimited Chipotle for one year – for Osbourne. As of 2022, he was the only lifelong cardholder. Osbourne died 'surrounded by love,' his family said in a statement to The Post shortly after his death on Tuesday. 'It is with more sadness than mere words can convey that we have to report that our beloved Ozzy Osbourne has passed away this morning,' said the statement from his wife Sharon and four of his six kids – Jack, Kelly, Aimee and Louis. 4 Ozzy Osbourne's eyeshadow palette with makeup brand Jolie Beauty. Jolie Beauty His death came more than five years after he announced his Parkinson's disease diagnosis, and just a few weeks after his final show reunited with Black Sabbath in the band's hometown of Birmingham, England. Osbourne was known for his outrageous behavior – allegedly biting the head off a dove during a 1981 record company meeting and allegedly doing the same to a bat during a 1982 show in Iowa. The metal icon reportedly snorted a line of ants while on tour in the 1980s, according to documentary 'The Dirt,' and was arrested for urinating on the Cenotaph, a landmark at the Alamo in Texas. His antics only fed his legendary career as Sabbath's lead singer, a successful solo artist and star of the reality TV series 'The Osbournes,' which ran from 2002 to 2005.
Business Insider
21 minutes ago
- Business Insider
Tesla earnings report live updates: EV maker reports earnings that narrowly missed expectations
The Tesla Diner opened to fanfare in West Hollywood this week Tesla's latest launch was actually a … diner? Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller skates. Celebrity chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second visit. While it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas. Analysts and investors want key data points for Tesla's Robotaxis As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data points. Gene Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size." Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase operations. Jose Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public. - Lloyd Lee The robotaxi launch will likely be a hot topic Tesla launched its highly anticipated robotaxi service at the end of June in Austin. The autonomous ride-hailing service is still in its early stages, and only a select group of people have the opportunity to try the service. Currently, the service operates with a limited number of self-driving Model Ys and a safety operator in every ride. In its last earnings call, Tesla said it would scale up the service "rapidly" after the launch. Investors will likely be listening for an update on future plans to expand the service. Musk said the plan was to be in many cities by the end of the year and predicted there would be "millions of Teslas operating fully autonomously in the second half of next year." — Ana Altchek William Blair: Eyeing headwinds from Trump's Big Beautiful Bill Tesla could see further downside, partly thanks to policy changes in the Republican tax and spending bill, analysts from William Blair wrote in a note this month. The firm pointed to the bill's ending of the EV tax credit, as well as the removal of corporate average fuel economy fines — fines for carmakers when their vehicles aren't energy efficient enough. Both changes are expected to impact Tesla's revenue, given that the company sold emissions credits to other carmakers that didn't meet energy efficiency standards. The firm downgraded Tesla to a rating of "Market Perform." Sales speed bump The road ahead looks even bumpier for Tesla. Analysts have warned that the company could face a major hit to its profits from the impact of Trump's One Big Beautiful Bill, which is set to eliminate the $7,500 tax credit for new US-made EVs. Ahead of the tax credit coming to an end on September 30, Tesla is piling on incentives and offers. A banner at the top of Tesla's US website urges customers to "take delivery now" ahead of the deadline, and the EV giant is offering 18 months of free supercharging and 0% financing on select models. Tesla is also allowing owners of its Full Self-Driving system to transfer the software to a new vehicle for free for a limited time. Like many of its rivals, Tesla is attempting to boost sales of its EVs before the $7,500 discount goes away. Analyst Gene Munster wrote in a Tuesday note that he expects the policy change to impact around 20% of Tesla's global deliveries, adding that he expects the company's sales to be better than expected next quarter as buyers rush to take advantage of the tax credit before it vanishes for good. Wedbush Securities: Stock could be at a 'positive crossroads" Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities said. In a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump administration. In a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans. "We are at a 'positive crossroads' in the Tesla story," the analysts said. Wedbush reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Investors push for new models Even as Tesla has finally launched its robotaxi service in Austin, sales of its regular electric cars have been lacklustre. Tesla deliveries fell 13.5% in the last quarter compared to the previous year, with the automaker seeing a similar fall in Q1. Tesla's stock is also down over 18% so far this year amid customer blowback over Musk's politics and growing competition from Chinese EV companies like BYD and Xpeng. The automaker said it would begin production of new, more affordable models in the first half of 2025 to help grow sales, but that deadline came and went with no acknowledgment from Tesla. Shareholders are keen to get answers about the new models in Tesla's Q2 analysts call. A forum for retailer investors to submit questions for the call with Musk and other executives includes several submissions asking for more details about the mysterious affordable EVs. "Can you provide an update on the development and production timeline for Tesla's more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?" wrote one shareholder in a post that received nearly 3,000 votes on the platform. Bank of America: Q2 earnings are challenged Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday. "Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant." The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. A rocky year It's never boring at Tesla, and this year has been no exception. The EV giant has battled backlash over CEO Elon Musk's forays into politics and faced investor discontent over the amount of time the billionaire is spending on other projects. Shareholders and analysts have been somewhat mollified by Musk's return to Tesla, with the world's richest man saying he's back "working 7 days a week at Tesla and sleeping in the office." "Now investors are seeing more of a 'wartime CEO' as Elon is laser-focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative," wrote Wedbush Securities analyst and Tesla bull Dan Ives in a note on Monday. Ives, who was previously told to "shut up" by Musk after calling for Tesla's board to exercise more oversight over their CEO's political activities, said that he expected sales to rebound as demand for Tesla's refreshed Model Y grows, especially in China. He also flagged the broadly successful robotaxi launch and the upcoming shareholder vote on a possible investment in Musk's artificial intelligence startup xAI as evidence that Tesla is getting its groove back. Morgan Stanley: Elon Musk's politics could be a headwind Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher." The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the " America Party" in a post on X earlier this month, which sent shares tumbling around 7%. "While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts wrote. Still, Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business. Tesla earnings expectations: Analysts estimate $22.6 billion of revenue for the 2nd quarter Second quarter Adjusted EPS estimate: 42c EPS estimate: 32c Revenue estimate: $22.64 billion Gross margin estimate: 16.5% Operating income estimate: $1.23 billion Free cash flow estimate: $760 million Capital expenditure estimate: $2.43 billion Full year Production estimate: 1.65 million Deliveries estimate: 1.65 million Capital expenditure estimate: $10.14 billion
Business Insider
21 minutes ago
- Business Insider
Tesla earnings updates: EV maker misses Wall Street's estimates as revenue drops 12%
The Tesla Diner opened to fanfare in West Hollywood this week Tesla's latest launch was actually a … diner? Two Business Insider reporters visited the new Tesla Diner in Los Angeles within 24 hours of its grand opening this week. The retro-futuristic atmosphere is complete with rounded architecture, eye-catching neon lighting, 45-foot drive-in screens playing Sci-Fi classics like "Star Trek" and "War of the Worlds," and servers darting around on roller skates. Celebrity chef Eric Greenspan controls the 24-hour diner's menu offerings, which are reimagined takes on classics including burgers, hot dogs, breakfast tacos, and chicken and waffles. Opening day was bustling and busy, with the kitchen at times overwhelmed by wave upon wave of guests — typical for a grand opening — but minor hiccups in service were easily overcome and both reporters left feeling the diner was worth a second visit. While it remains to be seen how long the novelty of the Tesla Diner will linger at the West Hollywood location, Musk has said this is just the first of many souped-up Supercharger stations to come, announcing on Monday that he's planning to build a second drive-in near SpaceX's Starbase spaceport in Texas. Analysts and investors want key data points for Tesla's Robotaxis As Tesla continues its pilot launch of the robotaxi service in Austin, investors and analysts will be paying attention to a few key data points. Gene Munster, managing partner at Deepwater Asset Management and Tesla investor, said in an analysis published Tuesday that the rate of the Robotaxi's expansion will be more important than the "absolute fleet size of geofence size." Investors appear to agree, as one of the top questions on Tesla's online Q&A forum asks about the rate the company expects to increase operations. Jose Asumendi, JP Morgan's head of the European Automotive Research team, told Business Insider that Robotaxi's long-term progression will be determined by the number of cities the service has been deployed, number of accidents and disengagements per kilometer, and the technology's acceptance by the public. - Lloyd Lee The robotaxi launch will likely be a hot topic Tesla launched its highly anticipated robotaxi service at the end of June in Austin. The autonomous ride-hailing service is still in its early stages, and only a select group of people have the opportunity to try the service. Currently, the service operates with a limited number of self-driving Model Ys and a safety operator in every ride. In its last earnings call, Tesla said it would scale up the service "rapidly" after the launch. Investors will likely be listening for an update on future plans to expand the service. Musk said the plan was to be in many cities by the end of the year and predicted there would be "millions of Teslas operating fully autonomously in the second half of next year." William Blair: Eyeing headwinds from Trump's Big Beautiful Bill Tesla could see further downside, partly thanks to policy changes in the Republican tax and spending bill, analysts from William Blair wrote in a note this month. The firm pointed to the bill's ending of the EV tax credit, as well as the removal of corporate average fuel economy fines — fines for carmakers when their vehicles aren't energy efficient enough. Both changes are expected to impact Tesla's revenue, given that the company sold emissions credits to other carmakers that didn't meet energy efficiency standards. The firm downgraded Tesla to a rating of "Market Perform." Sales speed bump The road ahead looks even bumpier for Tesla. Analysts have warned that the company could face a major hit to its profits from the impact of Trump's One Big Beautiful Bill, which is set to eliminate the $7,500 tax credit for new US-made EVs. Ahead of the tax credit coming to an end on September 30, Tesla is piling on incentives and offers. A banner at the top of Tesla's US website urges customers to "take delivery now" ahead of the deadline, and the EV giant is offering 18 months of free supercharging and 0% financing on select models. Tesla is also allowing owners of its Full Self-Driving system to transfer the software to a new vehicle for free for a limited time. Like many of its rivals, Tesla is attempting to boost sales of its EVs before the $7,500 discount goes away. Analyst Gene Munster wrote in a Tuesday note that he expects the policy change to impact around 20% of Tesla's global deliveries, adding that he expects the company's sales to be better than expected next quarter as buyers rush to take advantage of the tax credit before it vanishes for good. Wedbush Securities: Stock could be at a 'positive crossroads" Tesla stock could be heading toward an inflection point, if Musk continues to lead Tesla full-time and stay on top of its most important projects, analysts at Wedbush Securities said. In a note on Tuesday, the firm said that the outlook for Tesla looked "dramatically different" now compared to three months ago, when Musk was still working closely with the Trump administration. In a previous note, Wedbush analysts expressed concerns over Musk's political intentions, calling his plan to create a new political party a "Soap Opera" that needed to end. The firm also outlined a list of actions Tesla's board needed to take to move the company forward, which included drafting a new pay package for Musk and setting guidelines for Musk's political plans. "We are at a 'positive crossroads' in the Tesla story," the analysts said. Wedbush reiterated its "Outperform" rating and the stock and $500 price target, implying about 49% upside from current levels. Investors push for new models Even as Tesla has finally launched its robotaxi service in Austin, sales of its regular electric cars have been lacklustre. Tesla deliveries fell 13.5% in the last quarter compared to the previous year, with the automaker seeing a similar fall in Q1. Tesla's stock is also down over 18% so far this year amid customer blowback over Musk's politics and growing competition from Chinese EV companies like BYD and Xpeng. The automaker said it would begin production of new, more affordable models in the first half of 2025 to help grow sales, but that deadline came and went with no acknowledgment from Tesla. Shareholders are keen to get answers about the new models in Tesla's Q2 analysts call. A forum for retailer investors to submit questions for the call with Musk and other executives includes several submissions asking for more details about the mysterious affordable EVs. "Can you provide an update on the development and production timeline for Tesla's more affordable models? How will these models balance cost reduction with profitability, and what impact do you expect on demand in the current economic climate?" wrote one shareholder in a post that received nearly 3,000 votes on the platform. Bank of America: Q2 earnings are challenged Tesla is in a difficult spot ahead of earnings, Federico Merendi, an analyst at Bank of America, wrote on Monday. "Tesla 2Q earnings are likely to be challenged due to tariffs and disappointing deliveries," Merendi wrote, adding that Tesla sourced its batteries from China and that its exposure to tariffs was "not insignificant." The bank reiterated its "Neutral" rating on the stock and raised its price target to $341 a share, up from the prior estimate of $305. Its new price target implies about 3% upside from the current levels. A rocky year It's never boring at Tesla, and this year has been no exception. The EV giant has battled backlash over CEO Elon Musk's forays into politics and faced investor discontent over the amount of time the billionaire is spending on other projects. Shareholders and analysts have been somewhat mollified by Musk's return to Tesla, with the world's richest man saying he's back "working 7 days a week at Tesla and sleeping in the office." "Now investors are seeing more of a 'wartime CEO' as Elon is laser-focused on the Robotaxi expansion in Austin with more cities soon on the docket for this key autonomous initiative," wrote Wedbush Securities analyst and Tesla bull Dan Ives in a note on Monday. Ives, who was previously told to "shut up" by Musk after calling for Tesla's board to exercise more oversight over their CEO's political activities, said that he expected sales to rebound as demand for Tesla's refreshed Model Y grows, especially in China. He also flagged the broadly successful robotaxi launch and the upcoming shareholder vote on a possible investment in Musk's artificial intelligence startup xAI as evidence that Tesla is getting its groove back. Morgan Stanley: Elon Musk's politics could be a headwind Musk's promise to create a new political party could be a short-term headwind for Tesla stock, analysts at Morgan Stanley wrote in a note, calling the situation a "party crasher." The bank pointed to the immediate drop in Tesla stock after Musk officially announced his plan to form the " America Party" in a post on X earlier this month, which sent shares tumbling around 7%. "While the situation remains fluid, we believe investors should be prepared for further devotion of resources (financial, time/attention) in the direction of Mr. Musk's political priorities which may add further near-term pressure to TSLA shares," analysts wrote. Still, Tesla stock remains a "top pick" for the bank. Analysts reiterated their $410 price target on the stock, pointing to their growth forecasts for Tesla's auto business. Tesla earnings expectations: Analysts estimate $22.6 billion of revenue for the 2nd quarter Second quarter Adjusted EPS estimate: 42c EPS estimate: 32c Revenue estimate: $22.64 billion Gross margin estimate: 16.5% Operating income estimate: $1.23 billion Free cash flow estimate: $760 million Capital expenditure estimate: $2.43 billion Full year Production estimate: 1.65 million Deliveries estimate: 1.65 million Capital expenditure estimate: $10.14 billion
