YETI (NYSE:YETI) Price Target Lowered to $40.00 at Stifel Nicolaus

YETI (NYSE:YETI) had its target price cut by research analysts at Stifel Nicolaus from $45.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would suggest a potential upside of 3.99% from the stock’s previous close.

Several other research firms also recently weighed in on YETI. UBS Group reduced their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. KeyCorp reduced their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Morgan Stanley reduced their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday. TD Cowen dropped their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, Canaccord Genuity Group lowered their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $44.77.

YETI Stock Up 2.4 %

NYSE:YETI traded up $0.89 during trading hours on Friday, reaching $38.47. The company had a trading volume of 676,955 shares, compared to its average volume of 1,632,063. YETI has a twelve month low of $33.41 and a twelve month high of $45.25. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 16.51, a P/E/G ratio of 1.06 and a beta of 2.13. The business’s 50-day simple moving average is $38.87 and its two-hundred day simple moving average is $39.23. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a net margin of 11.15% and a return on equity of 28.31%. On average, equities analysts expect that YETI will post 2.37 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares in the last quarter. V Square Quantitative Management LLC purchased a new stake in YETI in the 3rd quarter worth approximately $26,000. Blue Trust Inc. increased its holdings in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after acquiring an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in YETI in the 3rd quarter worth approximately $38,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in YETI during the 4th quarter valued at approximately $44,000.

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.