YETI (NYSE:YETI) Given New $45.00 Price Target at B. Riley

YETI (NYSE:YETI) had its price objective raised by B. Riley from $38.00 to $45.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the company. Raymond James increased their price target on YETI from $48.00 to $49.00 and gave the stock an outperform rating in a report on Friday, May 10th. Jefferies Financial Group boosted their price objective on YETI from $54.00 to $55.00 and gave the stock a buy rating in a report on Thursday, July 18th. Piper Sandler restated an overweight rating and issued a $54.00 target price on shares of YETI in a report on Tuesday, July 30th. Roth Mkm upped their price target on YETI from $42.00 to $43.00 and gave the stock a neutral rating in a report on Friday. Finally, TD Cowen raised their price objective on YETI from $38.00 to $43.00 and gave the company a hold rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $47.20.

YETI Trading Down 5.0 %

NYSE:YETI traded down $2.14 during mid-day trading on Friday, hitting $40.98. 2,681,010 shares of the company’s stock were exchanged, compared to its average volume of 1,628,928. The firm has a market capitalization of $3.49 billion, a P/E ratio of 20.39, a PEG ratio of 1.16 and a beta of 2.14. The company has a 50 day simple moving average of $39.74 and a 200-day simple moving average of $39.54. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15.

YETI (NYSE:YETI) last released its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. The business had revenue of $341.39 million for the quarter, compared to analyst estimates of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. As a group, research analysts expect that YETI will post 2.36 earnings per share for the current year.

Institutional Investors Weigh In On YETI

A number of institutional investors have recently made changes to their positions in YETI. Crewe Advisors LLC purchased a new position in shares of YETI in the first quarter valued at about $27,000. Versant Capital Management Inc lifted its position in shares of YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of YETI during the 1st quarter worth approximately $35,000. Ashton Thomas Private Wealth LLC purchased a new stake in YETI in the second quarter worth $42,000. Finally, Sachetta LLC bought a new position in YETI in the fourth quarter worth $53,000.

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.