YETI (NYSE:YETI) Price Target Lowered to $44.00 at TD Cowen

YETI (NYSE:YETI) had its price target trimmed by TD Cowen from $46.00 to $44.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other analysts also recently issued reports on YETI. KeyCorp raised their price objective on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and dropped their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. Jefferies Financial Group boosted their price target on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Roth Mkm increased their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.46.

YETI Stock Up 6.8 %

NYSE YETI opened at $41.30 on Monday. The business’s fifty day simple moving average is $38.75 and its 200-day simple moving average is $39.20. YETI has a 52 week low of $33.41 and a 52 week high of $54.15. The company has a quick ratio of 1.22, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The firm has a market cap of $3.50 billion, a PE ratio of 17.73, a P/E/G ratio of 1.12 and a beta of 2.12.

Institutional Trading of YETI

Institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in YETI in the third quarter valued at $26,000. Crewe Advisors LLC purchased a new stake in YETI in the first quarter valued at approximately $27,000. Versant Capital Management Inc increased its holdings in shares of YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after acquiring an additional 709 shares during the period. Blue Trust Inc. grew its position in YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of YETI in the second quarter valued at about $42,000.

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.