Shares of outdoor lifestyle products company Yeti Holdings plunged Friday, after getting downgraded by Morgan Stanley analysts.
Morgan Stanley lowered its rating on the stock to equal weight from overweight. Analyst Kimberly Greenberger wrote in a note to clients, “at these levels the market appears to already price in the majority of YETI’s potential Ebit margin upside”, while still remaining optimistic on the drinks-holder & cooler maker’s long-term prospects.
Greenberger also indicated that Morgan Stanley would consider reverting to its overweight rating on Yeti, only if the stock pulls back from its lofty levels. The stock is up around +130% from its December low.
After Morgan Stanley’s downgrade, Yeti shares slumped -10% Friday.
Despite the rating cut, Morgan Stanley upped its price target on the stock to $32 from $26.
The Moving Average Convergence Divergence (MACD) for YETI turned positive on November 07, 2024. Looking at past instances where YETI's MACD turned positive, the stock continued to rise in of 49 cases over the following month. The odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on November 29, 2024. You may want to consider a long position or call options on YETI as a result. In of 85 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
YETI moved above its 50-day moving average on November 22, 2024 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for YETI crossed bullishly above the 50-day moving average on November 29, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
The 50-day moving average for YETI moved above the 200-day moving average on November 27, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where YETI advanced for three days, in of 341 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 246 cases where YETI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The 10-day RSI Indicator for YETI moved out of overbought territory on December 05, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 41 similar instances where the indicator moved out of overbought territory. In of the 41 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where YETI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
YETI broke above its upper Bollinger Band on December 04, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. YETI’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.521) is normal, around the industry mean (48.917). P/E Ratio (19.784) is within average values for comparable stocks, (55.184). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.499). YETI has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (2.022) is also within normal values, averaging (5.104).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. YETI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a holding company
Industry RecreationalProducts