YETI (NYSE:YETI) Given New $70.00 Price Target at Robert W. Baird

YETI (NYSE:YETIGet Rating) had its target price dropped by stock analysts at Robert W. Baird from $90.00 to $70.00 in a report released on Thursday, The Fly reports. Robert W. Baird’s price objective would suggest a potential upside of 59.74% from the company’s current price.

YETI has been the topic of several other reports. Roth Capital restated a “neutral” rating on shares of YETI in a research report on Thursday, February 17th. Jefferies Financial Group reduced their price target on shares of YETI from $121.00 to $120.00 and set a “buy” rating on the stock in a research report on Friday, February 18th. Morgan Stanley reduced their price target on shares of YETI from $97.00 to $64.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 21st. Credit Suisse Group reduced their price target on shares of YETI from $115.00 to $100.00 in a research report on Wednesday, January 26th. Finally, Zacks Investment Research upgraded shares of YETI from a “sell” rating to a “hold” rating in a research report on Thursday, April 21st. Four research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $91.35.

NYSE YETI opened at $43.82 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.12. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 18.26, a P/E/G ratio of 1.10 and a beta of 2.57. The company’s fifty day moving average is $55.70 and its two-hundred day moving average is $71.62. YETI has a 52-week low of $43.12 and a 52-week high of $108.82.

YETI (NYSE:YETIGet Rating) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, topping 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 period last year, the business posted $0.35 EPS. As a group, sell-side analysts expect that YETI will post 2.68 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. bought a new stake in YETI in the fourth quarter valued at approximately $25,000. CWM LLC acquired a new position in shares of YETI in the fourth quarter valued at approximately $26,000. UMB Bank N A MO acquired a new position in shares of YETI in the fourth quarter valued at approximately $28,000. Global Wealth Management Investment Advisory Inc. boosted its holdings in YETI by 1,217.6% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 448 shares of the company’s stock worth $37,000 after purchasing an additional 414 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in YETI by 79.3% during the first quarter. Fifth Third Bancorp now owns 579 shares of the company’s stock worth $35,000 after purchasing an additional 256 shares during 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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