YETI (NYSE:YETI) Earns “Neutral” Rating from B. Riley

YETI (NYSE:YETI)‘s stock had its “neutral” rating restated by research analysts at B. Riley in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $35.00 price target on the stock, up from their previous price target of $32.00. B. Riley’s price objective would indicate a potential downside of 2.87% from the company’s current price.

YETI has been the topic of a number of other research reports. Jefferies Financial Group reissued a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 price target (up from $34.00) on shares of YETI in a research note on Friday, August 8th. Cowen restated a “hold” rating on shares of YETI in a report on Friday, August 8th. Canaccord Genuity Group boosted their price objective on YETI from $34.00 to $37.00 and gave the company a “hold” rating in a research report on Friday. Finally, Stifel Nicolaus raised their target price on shares of YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $38.77.

YETI Price Performance

Shares of NYSE:YETI traded down $0.25 during trading on Monday, reaching $36.03. The stock had a trading volume of 283,392 shares, compared to its average volume of 2,031,526. The business’s 50-day moving average price is $34.63 and its 200 day moving average price is $33.20. The stock has a market capitalization of $2.80 billion, a PE ratio of 18.74, a P/E/G ratio of 2.56 and a beta of 1.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. YETI has a 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI) last released its earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, equities analysts predict that YETI will post 2.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in YETI. Wellington Management Group LLP boosted its position in YETI by 3.0% in the first quarter. Wellington Management Group LLP now owns 3,668,128 shares of the company’s stock valued at $121,415,000 after buying an additional 107,643 shares in the last quarter. Reinhart Partners LLC. increased its holdings in YETI by 24.2% in the 3rd quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock worth $88,323,000 after purchasing an additional 519,102 shares in the last quarter. Westwood Holdings Group Inc. boosted its stake in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock valued at $79,050,000 after purchasing an additional 1,314,878 shares in the last quarter. Engaged Capital LLC grew its holdings in shares of YETI by 40.1% during the second quarter. Engaged Capital LLC now owns 2,162,518 shares of the company’s stock worth $68,163,000 after purchasing an additional 619,000 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of YETI by 48.9% in the first quarter. American Century Companies Inc. now owns 2,150,724 shares of the company’s stock valued at $71,189,000 after buying an additional 706,601 shares during the period.

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.