YETI (NYSE:YETI) Price Target Increased to $43.00 by Analysts at TD Cowen

YETI (NYSE:YETI) had its price objective increased by investment analysts at TD Cowen from $38.00 to $43.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective indicates a potential upside of 7.50% from the company’s previous close.

Other analysts have also recently issued reports about the company. B. Riley decreased their price objective on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Roth Mkm decreased their price objective on YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday. William Blair reissued an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (up previously from $52.00) on shares of YETI in a research report on Friday. Finally, Canaccord Genuity Group cut their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, YETI has an average rating of “Hold” and an average target price of $46.67.

YETI Stock Up 1.9 %

YETI stock traded up $0.74 on Friday, hitting $40.00. 2,239,291 shares of the stock traded hands, compared to its average volume of 1,733,851. The business’s fifty day simple moving average is $37.49 and its 200 day simple moving average is $42.27. The company has a current ratio of 2.30, a quick ratio of 1.45 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.41 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.37 and a beta of 2.26. YETI has a 1 year low of $33.88 and a 1 year high of $54.15.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a net margin of 10.24% and a return on equity of 27.99%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast that YETI will post 2.27 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in YETI. Ieq Capital LLC boosted its stake in YETI by 2.2% in the third quarter. Ieq Capital LLC now owns 11,091 shares of the company’s stock valued at $535,000 after acquiring an additional 236 shares during the period. Beacon Pointe Advisors LLC grew its holdings 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 valued at $1,164,000 after acquiring an additional 239 shares in the last quarter. Retirement Systems of Alabama lifted its stake in shares of YETI by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock valued at $4,204,000 after purchasing an additional 288 shares during the last quarter. SG Americas Securities LLC lifted its position in 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 during the last quarter. Finally, Arizona State Retirement System raised its position in shares of YETI by 1.4% during the third quarter. Arizona State Retirement System now owns 24,671 shares of the company’s stock valued at $1,190,000 after buying an additional 337 shares during the last quarter.

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.