YETI (NYSE:YETI) Price Target Raised to $41.00 at Morgan Stanley

YETI (NYSE:YETI) had its price target lifted by Morgan Stanley from $39.00 to $41.00 in a research note released on Friday, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other research analysts also recently weighed in on YETI. Stifel Nicolaus decreased their price objective on shares of YETI from $43.00 to $41.00 and set a hold rating for the company in a research report on Friday, February 16th. TD Cowen increased their price target on YETI from $38.00 to $43.00 and gave the stock a hold rating in a research report on Friday. Raymond James raised their price objective on YETI from $48.00 to $49.00 and gave the company an outperform rating in a report on Friday. William Blair reiterated an outperform rating on shares of YETI in a research report on Wednesday, May 1st. Finally, Piper Sandler reissued an overweight rating and issued a $54.00 price target (up previously from $52.00) on shares of YETI in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $46.80.

YETI Stock Performance

YETI traded up $0.41 during trading on Friday, reaching $39.67. 3,323,861 shares of the company’s stock were exchanged, compared to its average volume of 2,107,564. The stock has a market capitalization of $3.38 billion, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 1.54 and a beta of 2.26. YETI has a 1 year low of $33.88 and a 1 year high of $54.15. The company’s fifty day simple moving average is $37.46 and its 200-day simple moving average is $42.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.45.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a net margin of 10.32% and a return on equity of 28.81%. The company had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same quarter in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts predict that YETI will post 2.27 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YETI. Ieq Capital LLC increased its holdings in YETI by 2.2% in the 3rd quarter. Ieq Capital LLC now owns 11,091 shares of the company’s stock valued at $535,000 after purchasing an additional 236 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in YETI by 1.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock valued at $1,164,000 after acquiring an additional 239 shares in the last quarter. Retirement Systems of Alabama increased its stake in YETI by 0.3% during the first quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after purchasing an additional 288 shares during the period. SG Americas Securities LLC lifted its position in shares of YETI by 5.8% during the fourth quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after purchasing an additional 324 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of YETI by 1.4% in the third quarter. Arizona State Retirement System now owns 24,671 shares of the company’s stock valued at $1,190,000 after purchasing an additional 337 shares during the period.

YETI Company Profile

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.