Jefferies Financial Group Reiterates "Buy" Rating for YETI (NYSE:YETI)

YETI (NYSE:YETI - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Jefferies Financial Group in a report released on Monday,Benzinga reports. They presently have a $55.00 target price on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 89.74% from the company's current price.

Several other brokerages have also recently issued reports on YETI. Morgan Stanley dropped their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. UBS Group cut their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus lowered their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a report on Thursday, April 10th. Finally, The Goldman Sachs Group reduced their price objective on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $42.20.

YETI Stock Up 0.5 %

YETI traded up $0.15 on Monday, hitting $28.99. 1,151,000 shares of the company were exchanged, compared to its average volume of 1,694,662. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. The firm has a 50-day moving average price of $31.59 and a two-hundred day moving average price of $36.14. YETI has a twelve month low of $26.61 and a twelve month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last posted 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 net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. On average, equities analysts predict that YETI will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On YETI

A number of hedge funds and other institutional investors have recently made changes to their positions in YETI. Allworth Financial LP increased its holdings in shares of YETI by 237.1% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after buying an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of YETI in the 3rd quarter valued at about $38,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of YETI during the 1st quarter worth about $34,000. Aster Capital Management DIFC Ltd acquired a new stake in YETI during the 4th quarter worth approximately $44,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in YETI during the fourth quarter valued at approximately $45,000.

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.

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