YETI (NYSE:YETI) Price Target Raised to $48.00

YETI (NYSE:YETIGet Free Report) had its target price hoisted by equities researchers at Morgan Stanley from $47.00 to $48.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 12.67% from the stock’s current price.

A number of other research firms also recently issued reports on YETI. Piper Sandler increased their target price on shares of YETI from $43.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. B. Riley Financial upgraded YETI from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $35.00 to $54.00 in a report on Friday, February 20th. Weiss Ratings downgraded YETI from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Canaccord Genuity Group raised their price target on YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Citigroup boosted their price target on YETI from $44.00 to $53.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, YETI has a consensus rating of “Moderate Buy” and an average price target of $50.42.

Read Our Latest Report on YETI

YETI Stock Up 0.3%

NYSE YETI traded up $0.14 during trading on Tuesday, reaching $42.60. 92,420 shares of the company’s stock were exchanged, compared to its average volume of 1,511,649. The company has a current ratio of 2.10, a quick ratio of 1.06 and a debt-to-equity ratio of 0.10. YETI has a fifty-two week low of $28.98 and a fifty-two week high of $51.29. The company’s fifty day simple moving average is $38.53 and its 200-day simple moving average is $41.89. The firm has a market capitalization of $3.23 billion, a PE ratio of 21.77, a P/E/G ratio of 1.39 and a beta of 1.69.

YETI (NYSE:YETIGet Free Report) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The business had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.31 earnings per share. YETI has set its FY 2026 guidance at 2.830-2.890 EPS. Sell-side analysts predict that YETI will post 2.33 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Congress Asset Management Co. grew its holdings in YETI by 4.8% during the fourth quarter. Congress Asset Management Co. now owns 1,293,164 shares of the company’s stock valued at $57,119,000 after purchasing an additional 59,474 shares during the last quarter. Dean Capital Management boosted its holdings in shares of YETI by 40.2% during the 3rd quarter. Dean Capital Management now owns 107,565 shares of the company’s stock worth $3,569,000 after buying an additional 30,822 shares during the period. SG Americas Securities LLC boosted its holdings in shares of YETI by 16,553.6% during the 4th quarter. SG Americas Securities LLC now owns 747,747 shares of the company’s stock worth $33,028,000 after buying an additional 743,257 shares during the period. Baillie Gifford & Co. grew its stake in YETI by 50.9% in the 4th quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock valued at $174,259,000 after buying an additional 1,330,278 shares during the last quarter. Finally, Cresset Asset Management LLC raised its holdings in YETI by 40.4% in the 3rd quarter. Cresset Asset Management LLC now owns 78,292 shares of the company’s stock worth $2,598,000 after acquiring an additional 22,521 shares during the period.

YETI Company Profile

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YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.

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