Stifel Nicolaus Lowers YETI (NYSE:YETI) Price Target to $50.00

YETI (NYSE:YETIGet Rating) had its price objective dropped by research analysts at Stifel Nicolaus from $71.00 to $50.00 in a research note issued to investors on Thursday, The Fly reports. Stifel Nicolaus’ price objective indicates a potential upside of 14.10% from the company’s current price.

A number of other research analysts also recently weighed in on YETI. Morgan Stanley lowered their price target on YETI from $64.00 to $60.00 in a report on Thursday. Citigroup lowered their price target on YETI from $83.00 to $65.00 in a report on Thursday. Raymond James reduced their price objective on YETI from $86.00 to $73.00 in a research report on Thursday. Credit Suisse Group reduced their target price on YETI from $115.00 to $100.00 in a research report on Wednesday, January 26th. Finally, Berenberg Bank raised YETI from a “hold” rating to a “buy” rating and cut their price objective for the company from $103.00 to $92.00 in a report on Thursday, April 7th. Four investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $91.35.

Shares of NYSE YETI opened at $43.82 on Thursday. The stock has a fifty day moving average price of $55.70 and a 200 day moving average price of $71.62. The company has a market cap of $3.81 billion, a PE ratio of 18.26, 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 current ratio of 1.91 and a quick ratio of 1.12. YETI has a 1-year low of $43.12 and a 1-year high of $108.82.

YETI (NYSE:YETIGet Rating) last released 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 return on equity of 52.00% and a net margin of 15.07%. During the same period last year, the company posted $0.35 EPS. Analysts anticipate that YETI will post 2.68 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in YETI. American Century Companies Inc. raised its stake in shares of YETI by 2,552.7% during the fourth quarter. American Century Companies Inc. now owns 2,013,391 shares of the company’s stock valued at $166,769,000 after acquiring an additional 1,937,491 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its stake in shares of YETI by 1,550.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 1,046,887 shares of the company’s stock valued at $86,714,000 after acquiring an additional 983,453 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of YETI during the fourth quarter valued at approximately $60,545,000. Norges Bank bought a new stake in shares of YETI during the fourth quarter valued at approximately $59,059,000. Finally, BlackRock Inc. raised its stake in shares of YETI by 10.6% during the third quarter. BlackRock Inc. now owns 7,375,600 shares of the company’s stock valued at $632,014,000 after acquiring an additional 704,004 shares in the last quarter. 96.33% of the stock is owned by institutional investors and hedge funds.

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.

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