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

YETI Holdings, Inc. (NYSE:YETI)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. The Goldman Sachs Group upgraded YETI from a “neutral” rating to a “buy” rating and lifted their price target for the company from $46.00 to $63.00 in a research note on Monday, July 20th. UBS Group set a $44.00 price target on YETI in a research report on Thursday, October 15th. LADENBURG THALM/SH SH initiated coverage on YETI in a report on Tuesday, October 13th. They issued a “buy” rating and a $52.00 price objective on the stock. Stifel Nicolaus upgraded YETI from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $50.00 in a research report on Friday, September 18th. Finally, Wall Street Zen upgraded YETI from a “hold” rating to a “buy” rating in a research report on Saturday, July 4th. Thirteen analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.20.

YETI Stock Up 3.1%

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 has a 50-day moving average price of $41.63 and a 200-day moving average price of $44.09. The firm has a market capitalization of $3.23 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 1.13 and a beta of 1.68.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, August 13th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.54 by $0.13. YETI had a return on equity of 23.79% and a net margin of 9.24%. The firm had revenue of $483.87 million during the quarter, compared to analysts’ expectations of $483.80 million. During the same quarter last year, the firm earned $0.66 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. YETI has set its FY 2026 guidance at 2.940-3.000 EPS. Equities research analysts forecast that YETI Holdings, Inc. will post 2.56 earnings per share for the current fiscal year.

Institutional Trading of YETI

A number of hedge funds and other institutional investors have recently modified their holdings of YETI. Bank of New York Mellon Corp purchased a new position in shares of YETI during the 2nd quarter worth $57,971,000. Quantinno Capital Management LP boosted its position in shares of YETI by 46.0% during the 1st quarter. Quantinno Capital Management LP now owns 1,871,188 shares of the company’s stock valued at $68,467,000 after acquiring an additional 589,205 shares during the last quarter. Handelsbanken Fonder AB increased its position in YETI by 165.5% during the second quarter. Handelsbanken Fonder AB now owns 482,858 shares of the company’s stock worth $23,930,000 after purchasing an additional 300,958 shares during the last quarter. Empowered Funds LLC increased its position in YETI by 2,858.7% during 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, Fort Washington Investment Advisors Inc. OH raised its stake in YETI by 38.5% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 847,874 shares of the company’s stock worth $34,780,000 after purchasing an additional 235,490 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.