YETI (NYSE:YETI) Price Target Cut to $40.00 by Analysts at Stifel Nicolaus

YETI (NYSE:YETI) had its price target decreased by Stifel Nicolaus from $45.00 to $40.00 in a report released on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the stock.

Several other equities analysts have also commented on YETI. KeyCorp reduced their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. TD Cowen dropped 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 cut 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 report on Wednesday, November 6th. Finally, Morgan Stanley dropped their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.77.

YETI Stock Up 1.2 %

Shares of NYSE:YETI opened at $38.02 on Friday. YETI has a 1 year low of $33.41 and a 1 year high of $45.25. The stock has a 50-day simple moving average of $38.78 and a 200-day simple moving average of $39.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The stock has a market capitalization of $3.22 billion, a P/E ratio of 16.32, a PEG ratio of 1.06 and a beta of 2.13.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.31% and a net margin of 11.15%. Equities analysts forecast that YETI will post 2.37 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in YETI in the third quarter worth $26,000. Allworth Financial LP boosted its holdings in shares of YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after buying an additional 467 shares during the period. Blue Trust Inc. grew its position in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in YETI during the third quarter worth about $38,000. Finally, Aster Capital Management DIFC Ltd bought a new position in YETI in the fourth quarter worth about $44,000.

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.