YETI (NYSE:YETI) Upgraded to “Buy” at Roth Mkm

Roth Mkm upgraded shares of YETI (NYSE:YETI) from a neutral rating to a buy rating in a report published on Tuesday, Marketbeat.com reports. The brokerage currently has $60.00 price target on the stock.

Other equities analysts have also recently issued reports about the stock. William Blair restated an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. Stifel Nicolaus boosted their target price on shares of YETI from $34.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, December 12th. The Goldman Sachs Group restated a “neutral” rating and set a $45.00 price target on shares of YETI in a research report on Tuesday, January 27th. Morgan Stanley set a $48.00 price objective on YETI in a report on Friday, January 16th. Finally, B. Riley Financial reiterated a “neutral” rating and set a $35.00 price objective (up from $32.00) on shares of YETI in a research note on Monday, November 10th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.85.

YETI Stock Up 0.1%

YETI stock opened at $48.06 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. The stock has a market capitalization of $3.74 billion, a PE ratio of 25.03, a price-to-earnings-growth ratio of 2.64 and a beta of 1.77. The business has a 50 day simple moving average of $46.64 and a 200-day simple moving average of $39.69. YETI has a 12 month low of $26.61 and a 12 month high of $51.29.

Insider Transactions at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the transaction, the senior vice president owned 56,397 shares in the company, valued at $2,555,912.04. The trade was a 14.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.08% of the stock is currently owned by insiders.

Institutional Investors Weigh In On YETI

A number of hedge funds have recently modified their holdings of YETI. Schonfeld Strategic Advisors LLC raised its stake in YETI by 357.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 118,122 shares of the company’s stock worth $5,217,000 after purchasing an additional 92,306 shares during the period. Cetera Investment Advisers grew its stake in shares of YETI by 94.7% in the 4th quarter. Cetera Investment Advisers now owns 38,876 shares of the company’s stock valued at $1,717,000 after buying an additional 18,912 shares during the period. FIL Ltd acquired a new stake in shares of YETI during the 4th quarter worth approximately $4,682,000. Public Employees Retirement System of Ohio raised its position in shares of YETI by 58.3% during the 4th quarter. Public Employees Retirement System of Ohio now owns 170,636 shares of the company’s stock valued at $7,537,000 after buying an additional 62,822 shares during the period. Finally, Maryland State Retirement & Pension System acquired a new position in YETI in the fourth quarter valued at approximately $215,000.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.