Raymond James Increases YETI (NYSE:YETI) Price Target to $49.00

YETI (NYSE:YETIFree Report) had its price objective boosted by Raymond James from $48.00 to $49.00 in a report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the stock. Piper Sandler reissued an overweight rating and set a $54.00 target price (up from $52.00) on shares of YETI in a research note on Friday. B. Riley cut their price target on shares of YETI from $42.00 to $38.00 and set a neutral rating for the company in a report on Thursday, April 25th. KeyCorp boosted their target price on shares of YETI from $33.00 to $36.00 and gave the stock an underweight rating in a research note on Friday, January 12th. Canaccord Genuity Group decreased 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. Finally, William Blair reissued an outperform rating on shares of YETI in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, YETI has a consensus rating of Hold and an average target price of $46.80.

Check Out Our Latest Analysis on YETI

YETI Stock Up 1.0 %

NYSE:YETI traded up $0.41 during midday trading on Friday, reaching $39.67. 3,323,861 shares of the stock traded hands, compared to its average volume of 2,107,564. The business has a 50-day moving average of $37.46 and a two-hundred day moving average of $42.27. The stock has a market capitalization of $3.38 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 1.54 and a beta of 2.26. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.45 and a current ratio of 2.35. YETI has a 12-month low of $33.88 and a 12-month high of $54.15.

YETI (NYSE:YETIGet Free Report) last announced its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 28.81% and a net margin of 10.32%. The business had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same quarter last year, the firm earned $0.75 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that YETI will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of YETI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC acquired a new stake in shares of YETI during the first quarter valued at about $35,000. Sachetta LLC acquired a new position in YETI during the fourth quarter worth $53,000. Principal Securities Inc. purchased a new position in shares of YETI during the fourth quarter worth $74,000. Signaturefd LLC grew its stake in shares of YETI by 27.0% in the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after buying an additional 368 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new stake in shares of YETI in the fourth quarter valued at $100,000.

About YETI

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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.

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Analyst Recommendations for YETI (NYSE:YETI)

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