YETI (NYSE:YETI) PT Lowered to $38.00

YETI (NYSE:YETI - Free Report) had its price objective trimmed by B. Riley from $42.00 to $38.00 in a research note released on Thursday, Benzinga reports. The firm currently has a neutral rating on the stock.

Other analysts have also recently issued reports about the company. KeyCorp upped their price target on YETI from $33.00 to $36.00 and gave the company an underweight rating in a research note on Friday, January 12th. Stifel Nicolaus lowered their price target on YETI from $43.00 to $41.00 and set a hold rating for the company in a research note on Friday, February 16th. Raymond James lowered their price target on YETI from $55.00 to $48.00 and set an outperform rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group cut YETI from a buy rating to a hold rating and upped their price target for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Finally, Canaccord Genuity Group lowered their price target on YETI from $41.00 to $40.00 and set a hold rating for the company in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $48.00.

YETI Trading Down 0.3 %

NYSE:YETI traded down $0.09 on Thursday, hitting $35.58. 2,089,300 shares of the stock were exchanged, compared to its average volume of 1,604,481. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 18.25, a P/E/G ratio of 1.42 and a beta of 2.29. YETI has a 52 week low of $34.70 and a 52 week high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The company's 50-day moving average price is $38.30 and its 200 day moving average price is $42.69.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. On average, equities research analysts forecast that YETI will post 2.27 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Several large investors have recently made changes to their positions in the stock. Sachetta LLC bought a new stake in YETI in the 4th quarter valued at $53,000. Principal Securities Inc. bought a new stake in YETI in the 4th quarter valued at $74,000. Signaturefd LLC raised its stake in YETI by 27.0% in the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company's stock valued at $90,000 after acquiring an additional 368 shares during the period. Scarborough Advisors LLC bought a new stake in YETI in the 4th quarter valued at $100,000. Finally, Pineridge Advisors LLC bought a new position in YETI during the 4th quarter worth $110,000.

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.