YETI (NYSE:YETI) Receives “Buy” Rating from Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of YETI (NYSE:YETI) in a research note published on Monday,Benzinga reports. They currently have a $55.00 price target on the stock.

YETI has been the topic of a number of other research reports. Robert W. Baird dropped their price objective on shares of YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, April 11th. UBS Group dropped their price target on shares of YETI from $43.00 to $31.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Canaccord Genuity Group decreased their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group lowered their target price on YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. Finally, Morgan Stanley cut their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.13.

YETI Stock Performance

Shares of YETI stock opened at $28.46 on Monday. The company’s fifty day simple moving average is $31.41 and its 200-day simple moving average is $36.07. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI has a 52 week low of $26.61 and a 52 week high of $45.25. The company has a market cap of $2.36 billion, a PE ratio of 13.82, a P/E/G ratio of 1.05 and a beta of 1.91.

YETI (NYSE:YETI) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates of $554.08 million. As a group, equities research analysts anticipate that YETI will post 2.57 EPS for the current year.

Hedge Funds Weigh In On YETI

A number of large investors have recently bought and sold shares of YETI. Wasatch Advisors LP raised its position in shares of YETI by 0.9% during the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company’s stock worth $212,924,000 after purchasing an additional 51,443 shares during the period. Wellington Management Group LLP grew its stake in YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock worth $137,114,000 after buying an additional 489,063 shares during the last quarter. Gates Capital Management Inc. acquired a new stake in YETI in the fourth quarter worth $135,356,000. Dimensional Fund Advisors LP lifted its stake in YETI by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company’s stock valued at $57,812,000 after buying an additional 22,123 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in YETI by 7.7% in the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company’s stock valued at $40,315,000 after buying an additional 86,906 shares during the last quarter.

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.