YETI (NYSE:YETI) Price Target Cut to $45.00 by Analysts at Morgan Stanley

YETI (NYSE:YETI - Free Report) had its price objective trimmed by Morgan Stanley from $48.00 to $45.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also recently issued reports on the company. TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a "hold" rating for the company in a report on Monday, November 11th. Bank of America lowered YETI from a "buy" rating to a "neutral" rating and cut their price target for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $44.77.

YETI Price Performance

NYSE:YETI traded up $0.39 on Friday, reaching $38.41. The stock had a trading volume of 2,103,237 shares, compared to its average volume of 1,695,972. The company has a market capitalization of $3.26 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. The stock has a fifty day moving average price of $38.56 and a 200-day moving average price of $39.17. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI has a 1-year low of $33.41 and a 1-year high of $45.25.

YETI (NYSE:YETI - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.31% and a net margin of 11.15%. The business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. Research analysts forecast that YETI will post 2.37 EPS for the current year.

Institutional Trading of YETI

A number of large investors have recently added to or reduced their stakes in YETI. GAMMA Investing LLC increased its stake in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after purchasing an additional 423 shares during the last quarter. CWM LLC increased its position in YETI by 135.0% in the third quarter. CWM LLC now owns 5,125 shares of the company's stock worth $210,000 after buying an additional 2,944 shares during the last quarter. Exchange Traded Concepts LLC raised its stake in shares of YETI by 48.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company's stock valued at $63,000 after buying an additional 500 shares during the period. nVerses Capital LLC lifted its position in shares of YETI by 61.8% during the 3rd quarter. nVerses Capital LLC now owns 5,500 shares of the company's stock valued at $226,000 after buying an additional 2,100 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of YETI by 3.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 96,178 shares of the company's stock worth $3,946,000 after acquiring an additional 3,559 shares during the period.

About YETI

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.