Cowen Trims YETI (NYSE:YETI) Target Price to $71.00

YETI (NYSE:YETIGet Rating) had its price target lowered by equities research analysts at Cowen from $89.00 to $71.00 in a note issued to investors on Thursday, Stock Target Advisor reports. Cowen’s target price would indicate a potential upside of 55.53% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Cowen decreased their target price on shares of YETI from $89.00 to $71.00 in a research report on Thursday. Stifel Nicolaus decreased their target price on shares of YETI from $71.00 to $50.00 in a research report on Thursday. Zacks Investment Research raised shares of YETI from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. Piper Sandler decreased their target price on shares of YETI from $124.00 to $89.00 in a research report on Wednesday, February 16th. Finally, Morgan Stanley decreased their target price on shares of YETI from $64.00 to $60.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $90.38.

Shares of NYSE YETI traded up $1.83 during trading on Thursday, hitting $45.65. 24,349 shares of the company traded hands, compared to its average volume of 1,378,867. The business’s fifty day moving average is $55.70 and its 200 day moving average is $71.62. YETI has a fifty-two week low of $43.12 and a fifty-two week high of $108.82. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 1.10 and a beta of 2.57. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.91.

YETI (NYSE:YETIGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.06. YETI had a net margin of 15.07% and a return on equity of 52.00%. During the same quarter last year, the company earned $0.35 EPS. On average, analysts predict that YETI will post 2.68 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of YETI by 10.6% during the 3rd quarter. BlackRock Inc. now owns 7,375,600 shares of the company’s stock valued at $632,014,000 after buying an additional 704,004 shares in the last quarter. Capital World Investors lifted its stake in shares of YETI by 0.9% during the 4th quarter. Capital World Investors now owns 5,890,300 shares of the company’s stock valued at $487,894,000 after buying an additional 53,740 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of YETI by 38.7% during the 1st quarter. American Century Companies Inc. now owns 2,793,406 shares of the company’s stock valued at $167,549,000 after buying an additional 780,015 shares in the last quarter. State Street Corp lifted its stake in shares of YETI by 1.7% during the 4th quarter. State Street Corp now owns 2,145,713 shares of the company’s stock valued at $177,729,000 after buying an additional 35,788 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of YETI by 37.8% during the 1st quarter. Victory Capital Management Inc. now owns 1,618,610 shares of the company’s stock valued at $96,858,000 after buying an additional 443,860 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.

YETI Company Profile (Get Rating)

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

Featured Stories

Stock Target Advisor logo

Analyst Recommendations for YETI (NYSE:YETI)

Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.