YETI (NYSE:YETI) PT Lowered to $38.00

YETI (NYSE:YETI) had its target price lowered by stock analysts at B. Riley from $42.00 to $38.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley’s price objective points to a potential upside of 5.12% from the company’s current price.

Several other brokerages have also recently weighed in on YETI. Stifel Nicolaus decreased their price target on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. Canaccord Genuity Group lowered YETI from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $49.00 to $50.00 in a report on Thursday, January 4th. KeyCorp increased their price target on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, January 12th. Canaccord Genuity Group cut their target price on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. Finally, Raymond James dropped their price target on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $48.00.

YETI Stock Performance

NYSE YETI opened at $36.15 on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.08 billion, a P/E ratio of 18.54, a PEG ratio of 1.40 and a beta of 2.29. The company has a fifty day simple moving average of $38.19 and a 200 day simple moving average of $42.64. YETI has a 12-month low of $34.70 and a 12-month high of $54.15.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts predict that YETI will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of YETI

Institutional investors have recently modified their holdings of the company. Baillie Gifford & Co. increased its holdings in shares of YETI by 53.0% during the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after purchasing an additional 3,260,704 shares in the last quarter. Vanguard Group Inc. boosted its stake in YETI by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 8,209,349 shares of the company’s stock worth $425,080,000 after purchasing an additional 126,154 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of YETI by 18.7% during the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock valued at $207,090,000 after acquiring an additional 629,287 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of YETI by 144.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,611 shares of the company’s stock valued at $89,863,000 after acquiring an additional 1,099,929 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its position in shares of YETI by 97.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company’s stock valued at $73,189,000 after acquiring an additional 748,671 shares during the last quarter.

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.