YETI (NYSE:YETI) Receives “Overweight” Rating from Piper Sandler

Piper Sandler reaffirmed their overweight rating on shares of YETI (NYSE:YETI) in a report released on Tuesday, Benzinga reports. Piper Sandler currently has a $54.00 price objective on the stock.

Several other equities research analysts have also recently commented on the stock. Jefferies Financial Group boosted their price target on shares of YETI from $54.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, July 18th. TD Cowen boosted their price target on shares of YETI from $38.00 to $43.00 and gave the stock a hold rating in a research report on Friday, May 10th. B. Riley dropped their target price on shares of YETI from $42.00 to $38.00 and set a neutral rating on the stock in a report on Thursday, April 25th. William Blair reaffirmed an outperform rating on shares of YETI in a report on Wednesday, May 1st. Finally, Canaccord Genuity Group upped their target price on shares of YETI from $40.00 to $42.00 and gave the company a hold rating in a report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $46.47.

YETI Trading Down 2.3 %

Shares of NYSE:YETI opened at $39.39 on Tuesday. The company’s 50-day moving average price is $39.72 and its two-hundred day moving average price is $39.80. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. YETI has a one year low of $33.88 and a one year high of $54.15. The stock has a market capitalization of $3.36 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.25 and a beta of 2.14.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. YETI had a net margin of 10.32% and a return on equity of 28.81%. The firm had revenue of $341.39 million for the quarter, compared to analysts’ expectations of $333.79 million. On average, equities analysts forecast that YETI will post 2.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in YETI. Beacon Pointe Advisors LLC boosted its position in shares of YETI by 1.1% during the 4th quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock worth $1,164,000 after acquiring an additional 239 shares in the last quarter. Retirement Systems of Alabama boosted its position in shares of YETI by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after acquiring an additional 288 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of YETI by 5.8% during the 4th quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after acquiring an additional 324 shares in the last quarter. KLR Investment Advisors LLC boosted its position in shares of YETI by 5.9% during the 4th quarter. KLR Investment Advisors LLC now owns 6,421 shares of the company’s stock worth $332,000 after acquiring an additional 355 shares in the last quarter. Finally, Signaturefd LLC boosted its position in shares of YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after acquiring an additional 368 shares in the last quarter.

About YETI

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.