YETI (NYSE:YETI) PT Lowered to $43.00

YETI (NYSE:YETIGet Rating) had its target price reduced by Stifel Nicolaus from $48.00 to $43.00 in a report released on Friday morning, The Fly reports.

Other analysts also recently issued research reports about the stock. KeyCorp downgraded shares of YETI to a sector weight rating in a research report on Tuesday, July 19th. Citigroup dropped their target price on shares of YETI from $65.00 to $57.00 and set a buy rating on the stock in a research report on Friday. Raymond James dropped their target price on shares of YETI from $73.00 to $54.00 in a research report on Friday. Jefferies Financial Group dropped their target price on shares of YETI from $90.00 to $75.00 and set a buy rating on the stock in a research report on Friday. Finally, Roth Capital dropped their target price on shares of YETI from $80.00 to $48.00 in a research report on Thursday, May 12th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, YETI has an average rating of Moderate Buy and an average target price of $66.76.

YETI Stock Up 1.8 %

Shares of YETI stock opened at $44.94 on Friday. The firm’s 50 day moving average price is $46.24 and its 200-day moving average price is $53.42. The company has a quick ratio of 0.64, a current ratio of 1.82 and a debt-to-equity ratio of 0.20. YETI has a 52-week low of $38.77 and a 52-week high of $108.82. The company has a market cap of $3.87 billion, a P/E ratio of 19.21, a PEG ratio of 1.23 and a beta of 2.42.

YETI (NYSE:YETIGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.01). YETI had a return on equity of 47.22% and a net margin of 14.26%. The firm had revenue of $420.04 million during the quarter, compared to analysts’ expectations of $422.92 million. During the same period in the previous year, the firm earned $0.64 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis. On average, sell-side analysts predict that YETI will post 2.71 EPS for the current fiscal year.

Hedge Funds Weigh In On YETI

Large investors have recently added to or reduced their stakes in the stock. CWM LLC acquired a new position in YETI during the fourth quarter worth $26,000. UMB Bank N A MO acquired a new position in YETI during the fourth quarter worth $28,000. Global Wealth Management Investment Advisory Inc. grew its holdings in shares of YETI by 1,217.6% during the fourth quarter. Global Wealth Management Investment Advisory Inc. now owns 448 shares of the company’s stock worth $37,000 after buying an additional 414 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of YETI by 79.3% during the first quarter. Fifth Third Bancorp now owns 579 shares of the company’s stock worth $35,000 after buying an additional 256 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of YETI by 61.4% during the first quarter. Signaturefd LLC now owns 581 shares of the company’s stock worth $35,000 after buying an additional 221 shares in the last quarter. 96.33% of the stock is currently owned by institutional investors and hedge funds.

About YETI

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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