YETI (NYSE:YETI) had its price objective increased by stock analysts at Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $91.00 to $101.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a "buy" rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell's target price points to a potential upside of 14.33% from the stock's current price.
A number of other brokerages have also recently issued reports on YETI. Morgan Stanley upped their target price on YETI from $60.00 to $66.00 and gave the company an "equal weight" rating in a research report on Friday, February 12th. Cowen increased their price objective on YETI from $77.00 to $81.00 in a research report on Wednesday, January 20th. Credit Suisse Group assumed coverage on YETI in a report on Tuesday, April 13th. They issued an "outperform" rating and a $85.00 price target on the stock. BTIG Research lifted their target price on shares of YETI from $71.00 to $90.00 in a research report on Thursday, January 14th. Finally, Raymond James raised their price target on YETI from $77.00 to $83.00 and gave the stock an "outperform" rating in a research report on Friday, February 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of "Buy" and an average target price of $73.13.
YETI stock opened at $88.34 on Wednesday. The business has a 50 day moving average price of $76.83 and a 200 day moving average price of $68.18. The company has a quick ratio of 1.74, a current ratio of 2.80 and a debt-to-equity ratio of 1.60. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 113.26, a PEG ratio of 2.66 and a beta of 2.80. YETI has a fifty-two week low of $24.63 and a fifty-two week high of $89.70.
YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 11th. The company reported $0.74 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.12. YETI had a net margin of 7.17% and a return on equity of 84.63%. The firm had revenue of $375.77 million for the quarter, compared to analyst estimates of $350.47 million. As a group, sell-side analysts anticipate that YETI will post 1.37 EPS for the current year.
In other YETI news, Director Roy J. Seiders sold 390 shares of the stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $75.15, for a total transaction of $29,308.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Matthew J. Reintjes sold 20,000 shares of the business's stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $70.48, for a total value of $1,409,600.00. Following the completion of the sale, the chief executive officer now directly owns 327,155 shares of the company's stock, valued at approximately $23,057,884.40. The disclosure for this sale can be found here. Insiders sold 87,264 shares of company stock worth $6,525,142 in the last 90 days. Corporate insiders own 10.70% of the company's stock.
A number of institutional investors have recently made changes to their positions in YETI. Price T Rowe Associates Inc. MD raised its position in shares of YETI by 76.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 31,905 shares of the company's stock valued at $2,185,000 after purchasing an additional 13,849 shares during the period. Crossmark Global Holdings Inc. increased its position in YETI by 8.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 12,540 shares of the company's stock worth $859,000 after buying an additional 970 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of YETI in the fourth quarter worth $290,000. LPL Financial LLC increased its position in YETI by 95.1% during the fourth quarter. LPL Financial LLC now owns 44,117 shares of the company's stock worth $3,021,000 after acquiring an additional 21,504 shares during the period. Finally, CIBC Asset Management Inc acquired a new position in shares of YETI during the fourth quarter valued at about $220,000. 93.49% of the stock is owned by hedge funds and other institutional investors.
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, tumblers, mugs, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.
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