TD Cowen Lowers YETI (NYSE:YETI) Price Target to $44.00

YETI (NYSE:YETI) had its target price reduced by equities researchers at TD Cowen from $46.00 to $44.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price points to a potential upside of 6.28% from the stock’s previous close.

Other analysts have also issued research reports about the stock. Piper Sandler reiterated an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. B. Riley increased their price target on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Citigroup reduced their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Jefferies Financial Group increased their price objective on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, Roth Mkm increased their price objective on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.46.

YETI Stock Performance

NYSE YETI opened at $41.40 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.22 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $3.50 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.12 and a beta of 2.12. The firm’s 50 day simple moving average is $38.80 and its 200 day simple moving average is $39.23. YETI has a 1 year low of $33.41 and a 1 year high of $54.15.

Institutional Investors Weigh In On YETI

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of YETI during the third quarter worth $26,000. Crewe Advisors LLC acquired a new stake in YETI in the first quarter worth $27,000. Versant Capital Management Inc grew its holdings in YETI by 571.8% in the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the period. Blue Trust Inc. grew its holdings in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the period. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in YETI in the second quarter worth $42,000.

YETI Company Profile

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.