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

YETI (NYSE:YETI) had its price objective cut by Morgan Stanley from $49.00 to $48.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley‘s price target would indicate a potential upside of 12.58% from the stock’s current price.

Other analysts have also recently issued reports about the stock. Robert W. Baird increased their target price on shares of YETI from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Friday, August 14th. LADENBURG THALM/SH SH initiated coverage on shares of YETI in a research report on Tuesday, October 13th. They set a “buy” rating and a $52.00 price target for the company. Weiss Ratings raised shares of YETI from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Bank of America increased their price objective on YETI from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $80.00 price objective on shares of YETI in a research note on Thursday, August 13th. Thirteen 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 company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.20.

YETI Trading Down 2.1%

Shares of YETI opened at $42.64 on Tuesday. YETI has a twelve month low of $32.26 and a twelve month high of $53.99. The stock has a market cap of $3.11 billion, a PE ratio of 18.66, a P/E/G ratio of 1.12 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 price is $41.65 and its 200-day moving average price is $44.18.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.13. YETI had a net margin of 9.24% and a return on equity of 23.79%. The company had revenue of $483.87 million during the quarter, compared to analyst estimates of $483.80 million. During the same period last year, the business earned $0.66 earnings per share. YETI’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. On average, equities analysts forecast that YETI will post 2.58 EPS for the current fiscal year.

Hedge Funds Weigh In On YETI

Large investors have recently modified their holdings of the company. Hsbc Holdings PLC bought a new stake in shares of YETI in the 2nd quarter worth approximately $2,527,000. Hillsdale Investment Management Inc. raised its position in YETI by 21,066.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company’s stock worth $3,485,000 after purchasing an additional 94,800 shares during the period. Quantedge Capital Pte Ltd purchased a new position in YETI in the 1st quarter worth $904,000. Empowered Funds LLC lifted its stake in YETI by 2,858.7% in the first quarter. Empowered Funds LLC now owns 289,125 shares of the company’s stock worth $10,579,000 after purchasing an additional 279,353 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in YETI by 105.5% in the first 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 last quarter.

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.