YETI (NYSE:YETI – Get Free Report) 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.
Check Out Our Latest Analysis on YETI
YETI Stock Performance
YETI (NYSE:YETI – Get Free Report) 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.
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