YETI (NYSE:YETI) Stock Price Target Lowered at Morgan Stanley

YETI (NYSE:YETI) had its price objective decreased by investment analysts at Morgan Stanley from $49.00 to $48.00 in a report released on Tuesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley‘s target price would suggest a potential upside of 12.58% from the company’s previous close.

Other equities research analysts have also issued reports about the company. Wall Street Zen raised YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Bank of America boosted their price target on shares of YETI from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Robert W. Baird increased their price target on shares of YETI from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of YETI from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Finally, LADENBURG THALM/SH SH assumed coverage on shares of YETI in a research report on Tuesday, October 13th. They issued a “buy” rating and a $52.00 price objective on the stock. 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.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $55.20.

YETI Stock Down 2.1%

YETI opened at $42.64 on Tuesday. YETI has a fifty-two week low of $32.26 and a fifty-two week high of $53.99. The firm has a market capitalization of $3.11 billion, a P/E ratio of 18.66, a PEG ratio of 1.12 and a beta of 1.68. The company’s 50-day moving average is $41.65 and its 200 day moving average is $44.18. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.75 and a quick ratio of 0.87.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, August 13th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 business had revenue of $483.87 million during the quarter, compared to the consensus estimate of $483.80 million. During the same period in the prior year, the firm posted $0.66 EPS. The firm’s quarterly 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. Research analysts expect that YETI will post 2.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC bought a new stake in YETI during the 2nd quarter valued at $2,527,000. Hillsdale Investment Management Inc. boosted its holdings in shares of YETI by 21,066.7% in the first quarter. Hillsdale Investment Management Inc. now owns 95,250 shares of the company’s stock worth $3,485,000 after acquiring an additional 94,800 shares during the period. Quantedge Capital Pte Ltd bought a new position in shares of YETI in the first quarter worth $904,000. Renaissance Technologies LLC boosted its holdings in shares of 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 acquiring an additional 43,900 shares during the period. Finally, Empowered Funds LLC grew its position in shares of YETI by 2,858.7% in the first 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 in 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.