YETI (NYSE:YETI) Given New $40.00 Price Target at Stifel Nicolaus

YETI (NYSE:YETI) had its price target reduced by stock analysts at Stifel Nicolaus from $45.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 3.99% from the stock’s current price.

Several other research firms have also issued reports on YETI. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and cut their target price for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. TD Cowen decreased their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday. Finally, KeyCorp decreased their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.77.

YETI Stock Up 2.4 %

Shares of YETI stock traded up $0.89 during trading on Friday, hitting $38.47. 676,955 shares of the stock traded hands, compared to its average volume of 1,632,063. The firm has a market cap of $3.26 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. YETI has a 52-week low of $33.41 and a 52-week high of $45.25. The stock’s fifty day simple moving average is $38.87 and its 200 day simple moving average is $39.23.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 11.15% and a return on equity of 28.31%. On average, equities analysts predict that YETI will post 2.37 earnings per share for the current fiscal year.

Institutional Trading of YETI

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Allworth Financial LP lifted its holdings in shares of YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of YETI in the 3rd quarter worth approximately $26,000. Blue Trust Inc. lifted its holdings in shares of YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after acquiring an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in YETI during the 3rd quarter worth approximately $38,000. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of YETI in the 4th quarter valued at approximately $44,000.

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.