YETI (NYSE:YETI) Stock Gets Price Target Cut from Morgan Stanley

YETI (NYSE:YETI) had its price objective reduced by Morgan Stanley from $49.00 to $48.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

YETI has been the subject of several other reports. Roth Capital reaffirmed a “buy” rating and issued a $62.00 price objective on shares of YETI in a research report on Friday, August 14th. Bank of America boosted their target price on shares of YETI from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Piper Sandler upped their price target on shares of YETI from $54.00 to $58.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. LADENBURG THALM/SH SH assumed coverage on shares of YETI in a research note on Tuesday, October 13th. They set a “buy” rating and a $52.00 price target on the stock. Finally, Canaccord Genuity Group raised their price target on shares of YETI from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, September 28th. Thirteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, YETI presently has an average rating of “Moderate Buy” and an average target price of $55.20.

YETI Stock Performance

Shares of YETI stock opened at $44.22 on Tuesday. YETI has a 12-month low of $32.26 and a 12-month high of $53.99. The business’s fifty day simple moving average is $41.63 and its 200-day simple moving average is $44.09. The company has a current ratio of 1.75, a quick ratio of 0.87 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.23 billion, a PE ratio of 19.31, a PEG ratio of 1.13 and a beta of 1.68.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.13. The firm had revenue of $483.87 million during the quarter, compared to analysts’ expectations of $483.80 million. YETI had a return on equity of 23.79% and a net margin of 9.24%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Analysts expect that YETI will post 2.56 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

A number of large investors have recently bought and sold shares of YETI. Elevation Wealth Partners LLC lifted its position in YETI by 80.5% during the third quarter. Elevation Wealth Partners LLC now owns 888 shares of the company’s stock valued at $36,000 after purchasing an additional 396 shares during the period. SJS Investment Consulting Inc. boosted its holdings in YETI by 56.0% in the first quarter. SJS Investment Consulting Inc. now owns 1,385 shares of the company’s stock valued at $51,000 after purchasing an additional 497 shares during the last quarter. Signaturefd LLC boosted its holdings in YETI by 79.4% in the third quarter. Signaturefd LLC now owns 1,943 shares of the company’s stock valued at $80,000 after purchasing an additional 860 shares during the last quarter. Nykredit A S purchased a new stake in YETI in the second quarter valued at $101,000. Finally, Parallel Advisors LLC grew its position in YETI by 50.9% during the 1st quarter. Parallel Advisors LLC now owns 2,446 shares of the company’s stock worth $89,000 after purchasing an additional 825 shares during the period.

About YETI

YETI Holdings, Inc (NYSE: YETI) designs, markets and distributes premium outdoor products for customers who spend time fishing, hunting, camping, boating and participating in other outdoor activities. The company is headquartered in Austin, Texas, and was founded in 2006 by brothers Roy and Ryan Seiders.

YETI’s product portfolio includes hard and soft coolers, drinkware, insulated bags, outdoor gear, cookware and products for outdoor living. Its offerings are designed to provide durability, insulation and performance in demanding conditions, and are sold under the YETI brand through the company’s website, retail stores and a network of wholesale partners.

The company serves customers primarily in North America while also operating in international markets, including parts of Europe, Australia and Asia.