UBS Group Lowers YETI (NYSE:YETI) Price Target to $31.00

YETI (NYSE:YETI) had its price objective decreased by stock analysts at UBS Group from $43.00 to $31.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would indicate a potential upside of 11.29% from the company’s previous close.

YETI has been the topic of several other reports. Canaccord Genuity Group cut their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley cut their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Robert W. Baird reduced their price target on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. KeyCorp raised YETI from an “underweight” rating to a “sector weight” rating in a research report on Thursday. Finally, Stifel Nicolaus reduced their target price on YETI from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.14.

YETI Trading Up 3.4 %

Shares of NYSE YETI opened at $27.85 on Thursday. YETI has a 1 year low of $26.61 and a 1 year high of $45.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The firm has a 50-day moving average of $33.40 and a 200 day moving average of $37.08. The stock has a market cap of $2.31 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, sell-side analysts expect that YETI will post 2.57 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Several hedge funds and other institutional investors have recently made changes to their positions in YETI. Chicago Capital LLC raised its holdings in YETI by 30.0% in the 1st quarter. Chicago Capital LLC now owns 13,925 shares of the company’s stock worth $461,000 after purchasing an additional 3,217 shares during the period. Janney Montgomery Scott LLC increased its position in YETI by 95.5% in the first quarter. Janney Montgomery Scott LLC now owns 23,759 shares of the company’s stock worth $786,000 after buying an additional 11,604 shares in the last quarter. Mission Wealth Management LP raised its stake in shares of YETI by 44.4% in the first quarter. Mission Wealth Management LP now owns 13,565 shares of the company’s stock worth $449,000 after buying an additional 4,170 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of YETI by 1,239.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 75,436 shares of the company’s stock valued at $2,497,000 after buying an additional 69,806 shares in the last quarter. Finally, Simon Quick Advisors LLC bought a new position in shares of YETI during the 1st quarter valued at approximately $359,000.

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.