YETI (NYSE:YETI) Price Target Lowered to $43.00 at UBS Group

YETI (NYSE:YETI) had its target price cut by UBS Group from $44.00 to $43.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Other equities analysts also recently issued reports about the company. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. TD Cowen cut their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.69.

YETI Stock Up 0.8 %

Shares of NYSE YETI opened at $37.15 on Thursday. The business has a 50-day moving average of $39.87 and a two-hundred day moving average of $39.33. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.07 and a beta of 2.14. YETI has a 1 year low of $33.41 and a 1 year high of $49.01. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

Institutional Trading of YETI

Hedge funds have recently added to or reduced their stakes in the stock. Commonwealth Equity Services LLC lifted its holdings in shares of YETI by 17.3% during the second quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock worth $716,000 after purchasing an additional 2,769 shares during the period. Oppenheimer Asset Management Inc. lifted its stake in shares of YETI by 54.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,643 shares of the company’s stock worth $1,474,000 after acquiring an additional 13,686 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of YETI by 23.8% in the second quarter. Envestnet Asset Management Inc. now owns 80,525 shares of the company’s stock valued at $3,072,000 after acquiring an additional 15,469 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of YETI by 13.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after acquiring an additional 179,005 shares in the last quarter. Finally, Amalgamated Bank increased its stake in shares of YETI by 1.9% during the second quarter. Amalgamated Bank now owns 53,834 shares of the company’s stock worth $2,054,000 after acquiring an additional 1,028 shares during the period.

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.