YETI (NYSE:YETI) Price Target Lowered to $40.00 at Stifel Nicolaus

YETI (NYSE:YETI) had its price objective decreased by research analysts at Stifel Nicolaus from $45.00 to $40.00 in a report issued on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 5.22% from the company’s previous close.

YETI has been the subject of a number of other research reports. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. TD Cowen cut their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Morgan Stanley cut their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Piper Sandler reiterated 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $44.77.

YETI Stock Up 1.2 %

NYSE YETI opened at $38.02 on Friday. The stock has a market cap of $3.22 billion, a PE ratio of 16.32, a PEG ratio of 1.06 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. YETI has a twelve month low of $33.41 and a twelve month high of $45.25. The firm has a 50-day simple moving average of $38.78 and a 200 day simple moving average of $39.20.

YETI (NYSE:YETI) last announced 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). The business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. On average, research analysts forecast that YETI will post 2.37 EPS for the current year.

Institutional Trading of YETI

A number of institutional investors have recently bought and sold shares of YETI. Freestone Grove Partners LP acquired a new position in shares of YETI in the 4th quarter valued at $249,000. Schonfeld Strategic Advisors LLC lifted its position in YETI by 51.4% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 154,848 shares of the company’s stock valued at $5,963,000 after acquiring an additional 52,558 shares in the last quarter. AQR Capital Management LLC lifted its position in YETI by 25.1% in the 4th quarter. AQR Capital Management LLC now owns 163,995 shares of the company’s stock valued at $6,315,000 after acquiring an additional 32,862 shares in the last quarter. Northern Trust Corp lifted its position in YETI by 25.0% in the 4th quarter. Northern Trust Corp now owns 1,003,652 shares of the company’s stock valued at $38,651,000 after acquiring an additional 200,443 shares in the last quarter. Finally, Aquatic Capital Management LLC bought a new stake in YETI in the 4th quarter valued at $928,000.

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.