YETI (NYSE:YETI) Given New $115.00 Price Target at Jefferies Financial Group


Share on StockTwits

YETI (NYSE:YETI) had its target price upped by equities researchers at Jefferies Financial Group from $100.00 to $115.00 in a report issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 31.93% from the stock’s previous close.

YETI has been the subject of several other research reports. Zacks Investment Research downgraded YETI from a “hold” rating to a “sell” rating in a report on Thursday, April 15th. Smith Barney Citigroup cut YETI from a “buy” rating to a “neutral” rating in a research report on Friday, January 15th. TheStreet raised YETI from a “c+” rating to a “b-” rating in a research note on Friday, March 5th. Raymond James boosted their price objective on YETI from $77.00 to $83.00 and gave the stock an “outperform” rating in a research note on Friday, February 12th. Finally, Cowen upped their price target on YETI from $77.00 to $81.00 in a research note on Wednesday, January 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $74.80.

YETI stock opened at $87.17 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 2.80 and a debt-to-equity ratio of 1.60. The business’s fifty day simple moving average is $78.89 and its two-hundred day simple moving average is $69.23. YETI has a twelve month low of $24.63 and a twelve month high of $89.70. The firm has a market cap of $7.60 billion, a price-to-earnings ratio of 111.76, a PEG ratio of 2.66 and a beta of 2.80.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 11th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.62 by $0.12. The firm had revenue of $375.77 million for the quarter, compared to analyst estimates of $350.47 million. YETI had a return on equity of 84.63% and a net margin of 7.17%. Research analysts expect that YETI will post 1.37 EPS for the current year.

In other YETI news, CEO Matthew J. Reintjes sold 20,000 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $70.48, for a total transaction of $1,409,600.00. Following the completion of the transaction, the chief executive officer now owns 327,155 shares of the company’s stock, valued at $23,057,884.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Hollie Sammons Castro sold 3,045 shares of the firm’s stock in a transaction on Tuesday, February 16th. The stock was sold at an average price of $73.19, for a total value of $222,863.55. Following the transaction, the senior vice president now directly owns 30,124 shares of the company’s stock, valued at approximately $2,204,775.56. The disclosure for this sale can be found here. Insiders sold a total of 87,264 shares of company stock valued at $6,525,142 over the last ninety days. 10.70% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in YETI. Price T Rowe Associates Inc. MD boosted its holdings in shares of YETI by 76.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,905 shares of the company’s stock worth $2,185,000 after purchasing an additional 13,849 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in shares of YETI by 8.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 12,540 shares of the company’s stock worth $859,000 after acquiring an additional 970 shares during the last quarter. Raymond James Trust N.A. purchased a new stake in shares of YETI during the fourth quarter worth about $290,000. LPL Financial LLC increased its position in shares of YETI by 95.1% during the fourth quarter. LPL Financial LLC now owns 44,117 shares of the company’s stock worth $3,021,000 after acquiring an additional 21,504 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of YETI during the fourth quarter worth about $220,000. 93.49% of the stock is owned by institutional investors.

YETI Company Profile

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 storage, transport, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, tumblers, mugs, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

Further Reading: VIX – Volatility Index

The Fly

Analyst Recommendations for YETI (NYSE:YETI)

Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.