YETI (NYSE:YETI) Price Target Raised to $43.00

YETI (NYSE:YETI) had its price objective hoisted by Stifel Nicolaus from $34.00 to $43.00 in a research note released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

YETI has been the subject of a number of other reports. Morgan Stanley lifted their price target on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th. Canaccord Genuity Group lifted their target price on YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, November 7th. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. UBS Group raised their price objective on YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Finally, William Blair reiterated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $39.17.

YETI Stock Down 3.0%

YETI stock opened at $44.09 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $37.33 and a 200-day simple moving average of $35.09. The company has a market capitalization of $3.43 billion, a P/E ratio of 22.96, a PEG ratio of 2.85 and a beta of 1.78. YETI has a twelve month low of $26.61 and a twelve month high of $46.28.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, equities research analysts predict that YETI will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

Several hedge funds and other institutional investors have recently modified their holdings of YETI. Engaged Capital LLC bought a new stake in YETI in the 1st quarter valued at about $51,090,000. Westwood Holdings Group Inc. increased its stake in shares of YETI by 110.2% in the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock valued at $79,050,000 after purchasing an additional 1,314,878 shares during the period. AQR Capital Management LLC raised its holdings in shares of YETI by 780.9% during the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after buying an additional 1,280,622 shares during the last quarter. Cooper Creek Partners Management LLC bought a new stake in shares of YETI during the third quarter valued at approximately $36,150,000. Finally, Reinhart Partners LLC. boosted its position in shares of YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after buying an additional 1,080,072 shares during the period.

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.