TD Cowen Raises YETI (NYSE:YETI) Price Target to $43.00

YETI (NYSE:YETI) had its price target lifted by TD Cowen from $38.00 to $43.00 in a research note released on Friday, Benzinga reports. They currently have a hold rating on the stock.

Several other research firms have also commented on YETI. B. Riley dropped their price objective on shares of YETI from $42.00 to $38.00 and set a neutral rating for the company in a research note on Thursday, April 25th. KeyCorp boosted their target price on shares of 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 target price on shares of YETI from $43.00 to $41.00 and set a hold rating for the company in a research note on Friday, February 16th. Canaccord Genuity Group lowered their price objective on shares of YETI from $41.00 to $40.00 and set a hold rating for the company in a research note on Friday, April 5th. Finally, Raymond James lowered their price objective on shares of YETI from $55.00 to $48.00 and set an outperform rating for the company in a research note on Friday, February 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, YETI has a consensus rating of Hold and a consensus target price of $46.80.

YETI Price Performance

YETI traded up $0.86 during trading hours on Friday, hitting $40.53. The company’s stock had a trading volume of 1,831,366 shares, compared to its average volume of 1,747,996. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $37.46 and its 200-day moving average price is $42.26. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 1.55 and a beta of 2.26. YETI has a 12 month low of $33.88 and a 12 month high of $54.15.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.90 EPS 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 analysts’ expectations of $535.99 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 earnings per share. Sell-side analysts expect that YETI will post 2.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

A number of large investors have recently added to or reduced their stakes in the company. Baillie Gifford & Co. increased its holdings in shares of YETI by 53.0% during the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after acquiring an additional 3,260,704 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of YETI by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock valued at $318,690,000 after acquiring an additional 57,582 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of YETI by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock valued at $207,090,000 after acquiring an additional 629,287 shares in the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of YETI by 97.3% during the third quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company’s stock valued at $73,189,000 after acquiring an additional 748,671 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of YETI by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock valued at $65,687,000 after acquiring an additional 103,732 shares in the last quarter.

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.