YETI (NYSE:YETI) Given New $29.00 Price Target at The Goldman Sachs Group

YETI (NYSE:YETI - Get Free Report) had its price objective lowered by analysts at The Goldman Sachs Group from $41.00 to $29.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target indicates a potential upside of 0.55% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Robert W. Baird dropped their target price on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. UBS Group cut their target price on YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Finally, Canaccord Genuity Group lowered their price target on 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 six have issued a buy rating to the stock. According to MarketBeat, YETI currently has a consensus rating of "Hold" and a consensus target price of $42.20.

YETI Stock Performance

YETI traded down $0.20 during trading on Tuesday, hitting $28.84. The company's stock had a trading volume of 1,432,102 shares, compared to its average volume of 1,682,825. The business's 50 day simple moving average is $32.43 and its 200-day simple moving average is $36.61. The firm has a market cap of $2.39 billion, a PE ratio of 14.00, a P/E/G ratio of 1.05 and a beta of 2.04. YETI has a one year low of $26.61 and a one year high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, sell-side analysts predict that YETI will post 2.57 EPS for the current fiscal year.

Institutional Trading of YETI

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP raised its stake in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after acquiring an additional 467 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in YETI in the 3rd quarter worth about $38,000. Aster Capital Management DIFC Ltd bought a new stake in YETI in the fourth quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of YETI during the fourth quarter valued at approximately $45,000. Finally, GeoWealth Management LLC bought a new position in shares of YETI during the fourth quarter valued at approximately $48,000.

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.