YETI (NYSE:YETI) PT Raised to $46.00 at TD Cowen

YETI (NYSE:YETI) had its target price hoisted by equities researchers at TD Cowen from $43.00 to $46.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s target price would indicate a potential upside of 12.25% from the stock’s current price.

A number of other research analysts have also recently commented on YETI. Citigroup decreased their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. William Blair reiterated an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. Roth Mkm lifted their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday. Bank of America upgraded YETI from a “neutral” rating to a “buy” rating and raised their price target for the company from $46.00 to $55.00 in a research note on Thursday. Finally, B. Riley upped their price objective on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $47.20.

YETI Stock Performance

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

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

Institutional Investors Weigh In On YETI

A number of institutional investors have recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new stake in YETI in the 1st quarter valued at about $27,000. Versant Capital Management Inc increased its stake in shares of YETI by 571.8% during 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 in the last quarter. Fidelis Capital Partners LLC acquired 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 2nd quarter valued at approximately $42,000. Finally, Sachetta LLC acquired a new position in shares of 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.