YETI (NYSE:YETI) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

YETI Holdings, Inc. (NYSE:YETI) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $44.09 and traded as high as $44.42. YETI shares last traded at $44.2210, with a volume of 908,147 shares.

Analyst Ratings Changes

A number of brokerages have weighed in on YETI. Roth Capital reaffirmed a “buy” rating and issued a $62.00 target price on shares of YETI in a report on Friday, August 14th. Canaccord Genuity Group raised their price objective on YETI from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Monday, September 28th. Raymond James Financial boosted their target price on YETI from $55.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. UBS Group set a $44.00 price objective on shares of YETI in a research note on Thursday, October 15th. Finally, Stifel Nicolaus upgraded shares of YETI from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $50.00 in a research report on Friday, September 18th. Thirteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.20.

YETI Price Performance

The firm has a market cap of $3.19 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.16 and a beta of 1.68. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average is $41.62 and its two-hundred day moving average is $44.07.

YETI (NYSE:YETI) last issued its quarterly earnings results 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. YETI had a return on equity of 23.79% and a net margin of 9.24%. The firm had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. During the same period last year, the business posted $0.66 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. As a group, analysts anticipate that YETI Holdings, Inc. will post 2.56 earnings per share for the current year.

Hedge Funds Weigh In On YETI

Several large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC purchased a new position in shares of YETI during the second quarter worth approximately $2,527,000. Hillsdale Investment Management Inc. grew its holdings in shares of YETI by 21,066.7% during the 1st quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company’s stock valued at $3,485,000 after purchasing an additional 94,800 shares during the last quarter. Quantedge Capital Pte Ltd bought a new position in shares of YETI during the 1st quarter valued at $904,000. Empowered Funds LLC grew its holdings in shares of YETI by 2,858.7% during the 1st quarter. Empowered Funds LLC now owns 289,125 shares of the company’s stock valued at $10,579,000 after purchasing an additional 279,353 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in YETI by 105.5% in the 1st quarter. Renaissance Technologies LLC now owns 85,500 shares of the company’s stock worth $3,128,000 after purchasing an additional 43,900 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.