YETI (NYSE:YETI) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• YETI shares crossed above their 200-day moving average, reaching $44.42 and last trading near $44.22, compared with the average of $44.09.
• Analyst sentiment is broadly positive: 13 analysts rate YETI a Buy and four rate it a Hold, producing a consensus “Moderate Buy” rating and a $55.20 price target.
• YETI exceeded quarterly earnings expectations, reporting $0.67 EPS versus the $0.54 estimate, while revenue rose 8.5% year over year to $483.87 million.

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred 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 traded.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of YETI from a "neutral" rating to a "buy" rating and increased their target price for the company from $46.00 to $63.00 in a research note on Monday, July 20th. Canaccord Genuity Group raised their target price on shares of YETI from $45.00 to $46.00 and gave the stock a "hold" rating in a report on Monday, September 28th. Morgan Stanley dropped their price target on shares of YETI from $49.00 to $48.00 and set an "equal weight" rating for the company in a research note on Tuesday. Wall Street Zen upgraded shares of YETI from a "hold" rating to a "buy" rating in a report on Saturday, July 4th. Finally, Weiss Ratings upgraded shares of YETI from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Thirteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, YETI currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.20.

YETI Price Performance

The firm has a fifty day simple moving average of $41.63 and a 200 day simple moving average of $44.09. The company has a market capitalization of $3.23 billion, a PE ratio of 19.31, a P/E/G ratio of 1.13 and a beta of 1.68. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.87 and a current ratio of 1.75.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $483.87 million for the quarter, compared to the consensus estimate of $483.80 million. YETI had a return on equity of 23.79% and a net margin of 9.24%. The business's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.66 EPS. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Equities analysts anticipate that YETI Holdings, Inc. will post 2.56 EPS for the current year.

Institutional Investors Weigh In On YETI

Several hedge funds have recently modified their holdings of YETI. Bridge City Capital LLC lifted its stake in shares of YETI by 21.6% in the 3rd quarter. Bridge City Capital LLC now owns 83,199 shares of the company's stock valued at $3,413,000 after purchasing an additional 14,755 shares during the period. Vise Technologies Inc. boosted its holdings in YETI by 37.1% during the third quarter. Vise Technologies Inc. now owns 8,337 shares of the company's stock worth $342,000 after buying an additional 2,257 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in YETI by 3.4% during the third quarter. D.A. Davidson & CO. now owns 60,926 shares of the company's stock worth $2,499,000 after buying an additional 1,995 shares in the last quarter. Moody Aldrich Partners LLC grew its position in YETI by 75.6% during the third quarter. Moody Aldrich Partners LLC now owns 77,653 shares of the company's stock valued at $3,185,000 after buying an additional 33,434 shares during the period. Finally, Schwartz Investment Counsel Inc. grew its position in YETI by 0.6% during the third quarter. Schwartz Investment Counsel Inc. now owns 143,670 shares of the company's stock valued at $5,893,000 after buying an additional 800 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.

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