YETI’s (YETI) “Overweight” Rating Reaffirmed at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of YETI (NYSE:YETIFree Report) in a report released on Friday, Benzinga reports. Piper Sandler currently has a $54.00 target price on the stock, up from their previous target price of $52.00.

A number of other research analysts also recently issued reports on the stock. Roth Mkm reduced their price target on shares of YETI from $43.00 to $42.00 and set a neutral rating on the stock in a research report on Friday. KeyCorp raised their target price on shares of YETI from $33.00 to $36.00 and gave the stock an underweight rating in a report on Friday, January 12th. Raymond James lowered their target price on YETI from $55.00 to $48.00 and set an outperform rating for the company in a report on Friday, February 16th. Stifel Nicolaus cut their price target on YETI from $43.00 to $41.00 and set a hold rating on the stock in a report on Friday, February 16th. Finally, Canaccord Genuity Group lowered their price objective on YETI from $41.00 to $40.00 and set a hold rating for the company in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $46.80.

View Our Latest Research Report on YETI

YETI Stock Up 1.0 %

NYSE YETI traded up $0.41 during mid-day trading on Friday, reaching $39.67. 3,323,861 shares of the company’s stock traded hands, compared to its average volume of 2,107,564. YETI has a 1-year low of $33.88 and a 1-year high of $54.15. The company has a fifty day simple moving average of $37.46 and a 200-day simple moving average of $42.27. The company has a current ratio of 2.35, a quick ratio of 1.45 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 19.74, a P/E/G ratio of 1.54 and a beta of 2.26.

YETI (NYSE:YETIGet Free Report) last issued 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 analyst estimates of $535.99 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. YETI’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS. As a group, equities research analysts expect that YETI will post 2.27 EPS for the current year.

Institutional Trading of YETI

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its holdings in YETI by 88.5% during the third quarter. SG Americas Securities LLC now owns 5,566 shares of the company’s stock worth $268,000 after purchasing an additional 2,613 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of YETI by 33.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,831 shares of the company’s stock worth $908,000 after buying an additional 4,726 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of YETI by 8.3% in the third quarter. Raymond James & Associates now owns 108,562 shares of the company’s stock valued at $5,235,000 after buying an additional 8,298 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in YETI by 9.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 13,597 shares of the company’s stock worth $656,000 after acquiring an additional 1,171 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in YETI by 26.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,733 shares of the company’s stock worth $710,000 after acquiring an additional 3,062 shares in the last quarter.

YETI Company Profile

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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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