YETI (NYSE:YETI) Price Target Lowered to $42.00 at Canaccord Genuity Group

YETI (NYSE:YETI) had its price objective trimmed by Canaccord Genuity Group from $44.00 to $42.00 in a report issued on Friday,Benzinga reports. The firm currently has a hold rating on the stock.

Other analysts have also recently issued reports about the stock. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. UBS Group decreased their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. KeyCorp reduced their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, TD Cowen dropped their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. One investment 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.77.

YETI Trading Up 1.2 %

NYSE:YETI opened at $38.02 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The firm has a fifty day simple moving average of $38.78 and a 200-day simple moving average of $39.21. YETI has a 12 month low of $33.41 and a 12 month high of $45.25. The company has a market capitalization of $3.22 billion, a P/E ratio of 16.32, a PEG ratio of 1.06 and a beta of 2.13.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a net margin of 11.15% and a return on equity of 28.31%. On average, equities research analysts anticipate that YETI will post 2.37 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in YETI. JPMorgan Chase & Co. grew its position in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares during the period. Algert Global LLC lifted its stake in YETI by 443.0% in the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock valued at $1,951,000 after buying an additional 38,793 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in YETI by 26,657.7% in the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after buying an additional 43,452 shares during the last quarter. Qsemble Capital Management LP increased its stake in YETI by 320.3% during the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after buying an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of YETI during the third quarter valued at approximately $1,415,000.

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.