YETI (NYSE:YETI) Price Target Cut to $38.00 by Analysts at Piper Sandler

YETI (NYSE:YETI - Free Report) had its target price cut by Piper Sandler from $52.00 to $38.00 in a research report sent to investors on Monday morning, Marketbeat reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. UBS Group reduced their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. The Goldman Sachs Group decreased their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group restated a "buy" rating and set a $55.00 price objective on shares of YETI in a research report on Monday, May 5th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group lowered their price target on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, YETI has an average rating of "Hold" and an average target price of $39.40.

YETI Stock Down 5.0 %

Shares of YETI stock traded down $1.47 during trading on Monday, hitting $28.14. 3,686,791 shares of the stock traded hands, compared to its average volume of 1,692,547. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a fifty day moving average price of $30.85 and a two-hundred day moving average price of $35.84. The stock has a market cap of $2.33 billion, a P/E ratio of 13.66, a PEG ratio of 1.05 and a beta of 1.91. YETI has a twelve month low of $26.61 and a twelve month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. YETI's revenue was up 2.8% compared to the same quarter last year. Equities research analysts predict that YETI will post 2.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its position in 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 purchasing an additional 467 shares during the last quarter. Costello Asset Management INC bought a new position in shares of YETI in the first quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in YETI during the 1st quarter worth about $34,000. Wilmington Savings Fund Society FSB bought a new stake in YETI during the 3rd quarter worth about $38,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in YETI in the 4th quarter valued at about $44,000.

About YETI

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.