YETI (NYSE:YETI) Price Target Raised to $35.00

YETI (NYSE:YETI - Free Report) had its price target raised by UBS Group from $31.00 to $35.00 in a research report report published on Thursday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

YETI has been the subject of several other research reports. Piper Sandler lowered their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. The Goldman Sachs Group lowered their price target 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. Stifel Nicolaus lowered their price target on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Robert W. Baird lowered their price target on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a $55.00 target price on shares of YETI in a research report on Monday, May 5th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $39.67.

YETI Stock Performance

Shares of NYSE:YETI traded up $1.37 on Thursday, reaching $35.13. 2,677,767 shares of the company's stock were exchanged, compared to its average volume of 1,851,789. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 2.91 and a beta of 1.85. YETI has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The business's 50-day moving average is $31.27 and its two-hundred day moving average is $33.07. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. YETI had a net margin of 9.59% and a return on equity of 26.48%. The firm's revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 earnings per share. As a group, equities research analysts forecast that YETI will post 2.57 EPS for the current year.

Hedge Funds Weigh In On YETI

Several large investors have recently made changes to their positions in the business. Gates Capital Management Inc. purchased a new stake in YETI during the fourth quarter valued at about $135,356,000. Engaged Capital LLC purchased a new stake in YETI during the first quarter valued at about $51,090,000. AQR Capital Management LLC lifted its stake in YETI by 780.9% during the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company's stock valued at $47,752,000 after buying an additional 1,280,622 shares in the last quarter. Reinhart Partners LLC. lifted its stake in YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company's stock valued at $67,542,000 after buying an additional 1,080,072 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new stake in YETI during the fourth quarter valued at about $40,496,000.

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.