YETI (NYSE:YETI) Earns “Hold” Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their hold rating on shares of YETI (NYSE:YETI) in a report issued on Thursday,Benzinga reports. Canaccord Genuity Group currently has a $44.00 price target on the stock.

YETI has been the subject of a number of other research reports. Piper Sandler restated an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Jefferies Financial Group raised their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. B. Riley upped their price objective on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. TD Cowen decreased their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday. Finally, Citigroup dropped their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, YETI presently has an average rating of “Hold” and an average price target of $45.46.

YETI Stock Performance

NYSE:YETI traded down $0.63 during trading on Thursday, reaching $38.09. The company’s stock had a trading volume of 821,867 shares, compared to its average volume of 1,625,518. YETI has a 12 month low of $33.41 and a 12 month high of $54.15. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.18 and a beta of 2.12. The firm has a 50 day moving average of $38.86 and a 200-day moving average of $39.24. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

Institutional Investors Weigh In On YETI

Several large investors have recently added to or reduced their stakes in the business. American Century Companies Inc. raised its holdings in shares of YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in YETI during the second quarter valued at approximately $23,166,000. WCM Investment Management LLC raised its position in shares of YETI by 655.4% during the 3rd quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock valued at $20,701,000 after buying an additional 441,516 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of YETI by 54.8% during the 2nd quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock worth $31,183,000 after acquiring an additional 289,298 shares during the last quarter. Finally, Marshall Wace LLP grew its position in YETI by 76.2% in the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock worth $23,178,000 after acquiring an additional 262,829 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.