YETI (NYSE:YETI) Price Target Raised to $37.00

YETI (NYSE:YETI) had its target price raised by Raymond James Financial from $34.00 to $37.00 in a report published on Friday morning,Benzinga reports. Raymond James Financial currently has an outperform rating on the stock.

A number of other equities research analysts also recently commented on YETI. Morgan Stanley raised their target price on YETI from $33.00 to $34.00 and gave the company an “equal weight” rating in a report on Friday, May 9th. Jefferies Financial Group reissued a “buy” rating and issued a $55.00 target price on shares of YETI in a report on Monday, May 5th. Cowen reissued a “hold” rating on shares of YETI in a report on Friday. UBS Group raised their target price on YETI from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group reduced their target price on YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Nine investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and an average target price of $38.31.

YETI Price Performance

Shares of NYSE YETI opened at $32.65 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The stock has a fifty day moving average price of $33.20 and a 200 day moving average price of $32.89. YETI has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a market cap of $2.65 billion, a PE ratio of 15.55, a P/E/G ratio of 2.82 and a beta of 1.84.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%. The firm had revenue of $445.89 million during the quarter, compared to the consensus estimate of $461.73 million. During the same period last year, the company earned $0.70 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Sell-side analysts forecast that YETI will post 2.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its position in YETI by 29.8% during the 4th quarter. LPL Financial LLC now owns 35,425 shares of the company’s stock worth $1,364,000 after purchasing an additional 8,141 shares in the last quarter. Franklin Resources Inc. increased its position in YETI by 81.9% during the 4th quarter. Franklin Resources Inc. now owns 27,760 shares of the company’s stock worth $1,069,000 after purchasing an additional 12,498 shares in the last quarter. Envestnet Asset Management Inc. increased its position in YETI by 196.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 222,181 shares of the company’s stock worth $8,556,000 after purchasing an additional 147,138 shares in the last quarter. Russell Investments Group Ltd. increased its position in YETI by 57.3% during the 4th quarter. Russell Investments Group Ltd. now owns 260,569 shares of the company’s stock worth $10,039,000 after purchasing an additional 94,957 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in YETI during the 4th quarter worth about $6,240,000.

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.