Yeti (NYSE:YETI)‘s stock had its “buy” rating reiterated by stock analysts at William Blair in a report released on Friday, TipRanks reports.
YETI has been the subject of a number of other reports. Piper Jaffray Companies reiterated a “buy” rating and set a $41.00 price target on shares of Yeti in a report on Friday, December 27th. Goldman Sachs Group upgraded Yeti from a “neutral” rating to a “buy” rating and upped their price target for the stock from $35.00 to $37.00 in a report on Thursday, December 5th. Zacks Investment Research upgraded Yeti from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Saturday, January 18th. Stifel Nicolaus cut their price target on Yeti from $40.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, January 30th. Finally, Piper Sandler upped their price target on Yeti from to and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the stock. Yeti currently has a consensus rating of “Buy” and a consensus price target of $37.60.
Shares of Yeti stock opened at $32.84 on Friday. The stock has a market capitalization of $3.07 billion, a P/E ratio of 39.10, a PEG ratio of 1.62 and a beta of 2.91. The company has a quick ratio of 0.61, a current ratio of 1.65 and a debt-to-equity ratio of 2.88. The stock has a 50 day moving average price of $34.36 and a two-hundred day moving average price of $31.48. Yeti has a 12-month low of $21.81 and a 12-month high of $38.61.
Yeti (NYSE:YETI) last announced its earnings results on Thursday, February 13th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. Yeti had a return on equity of 152.95% and a net margin of 8.27%. The firm had revenue of $297.60 million during the quarter, compared to analysts’ expectations of $279.55 million. During the same quarter in the prior year, the business earned $0.38 earnings per share. The company’s revenue was up 23.4% on a year-over-year basis. Sell-side analysts anticipate that Yeti will post 1.04 earnings per share for the current year.
In related news, SVP Kirk A. Zambetti sold 32,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $31.91, for a total value of $1,021,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Robert O. Murdock sold 25,188 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $36.00, for a total value of $906,768.00. The disclosure for this sale can be found here. Corporate insiders own 10.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC raised its stake in shares of Yeti by 200.4% in the fourth quarter. Advisory Services Network LLC now owns 802 shares of the company’s stock valued at $28,000 after purchasing an additional 535 shares in the last quarter. Usca Ria LLC acquired a new position in shares of Yeti in the third quarter valued at $28,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Yeti in the third quarter valued at $30,000. Private Ocean LLC acquired a new position in Yeti during the fourth quarter worth $40,000. Finally, Aigen Investment Management LP acquired a new position in Yeti during the fourth quarter worth $55,000. Institutional investors and hedge funds own 49.91% of the company’s stock.
Yeti Company Profile
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.
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