YETI (NYSE:YETI) PT Lowered to $38.00

YETI (NYSE:YETI) had its price objective decreased by stock analysts at B. Riley from $42.00 to $38.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s target price indicates a potential upside of 5.12% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. Canaccord Genuity Group dropped their price objective on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, April 5th. KeyCorp increased their price objective on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, January 12th. Stifel Nicolaus decreased their target price on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Raymond James decreased their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, Canaccord Genuity Group cut YETI from a “buy” rating to a “hold” rating and upped their price objective for the stock from $49.00 to $50.00 in a research report on Thursday, January 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, YETI has an average rating of “Hold” and an average price target of $48.00.

YETI Trading Up 1.6 %

Shares of NYSE:YETI opened at $36.15 on Thursday. The firm has a fifty day moving average of $38.19 and a two-hundred day moving average of $42.64. The firm has a market capitalization of $3.08 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 1.40 and a beta of 2.29. YETI has a 12-month low of $34.70 and a 12-month high of $54.15. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.06). The firm had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.75 EPS. On average, equities analysts expect that YETI will post 2.27 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Several hedge funds have recently modified their holdings of YETI. Louisiana State Employees Retirement System increased its position in YETI by 2.5% in the 1st quarter. Louisiana State Employees Retirement System now owns 25,000 shares of the company’s stock valued at $964,000 after buying an additional 600 shares in the last quarter. Raymond James & Associates raised its holdings in YETI by 14.6% during the 1st quarter. Raymond James & Associates now owns 131,947 shares of the company’s stock valued at $5,087,000 after acquiring an additional 16,779 shares during the period. Norden Group LLC bought a new stake in YETI during the 1st quarter valued at $511,000. Azzad Asset Management Inc. ADV increased its holdings in shares of YETI by 97.8% in the first quarter. Azzad Asset Management Inc. ADV now owns 51,760 shares of the company’s stock worth $1,995,000 after purchasing an additional 25,592 shares during the period. Finally, State of Michigan Retirement System grew its position in YETI by 2.4% in the first quarter. State of Michigan Retirement System now owns 21,347 shares of the company’s stock worth $823,000 after acquiring an additional 500 shares in 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.