YETI (NYSE:YETI) Price Target Raised to $55.00

YETI (NYSE:YETI) had its target price boosted by Jefferies Financial Group from $54.00 to $55.00 in a report issued on Thursday, Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages have also weighed in on YETI. B. Riley decreased their target price on YETI from $42.00 to $38.00 and set a neutral rating for the company in a research report on Thursday, April 25th. Morgan Stanley boosted their target price on YETI from $39.00 to $41.00 and gave the stock an equal weight rating in a research report on Friday, May 10th. William Blair reissued an outperform rating on shares of YETI in a research report on Wednesday, May 1st. Roth Mkm decreased their target price on YETI from $43.00 to $42.00 and set a neutral rating for the company in a research report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their target price on YETI from $40.00 to $42.00 and gave the stock a hold rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned 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 $46.47.

YETI Price Performance

YETI opened at $38.99 on Thursday. The stock has a 50-day moving average price of $39.87 and a 200-day moving average price of $40.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.35 and a quick ratio of 1.14. The firm has a market cap of $3.32 billion, a PE ratio of 19.40, a P/E/G ratio of 1.17 and a beta of 2.14. YETI has a 1 year low of $33.88 and a 1 year high of $54.15.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The firm had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. Sell-side analysts predict that YETI will post 2.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in YETI by 2.4% in the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock worth $401,630,000 after acquiring an additional 248,680 shares in the last quarter. Baillie Gifford & Co. increased its holdings in YETI by 53.0% in the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after acquiring an additional 3,260,704 shares in the last quarter. Vanguard Group Inc. increased its holdings in YETI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock worth $318,690,000 after acquiring an additional 57,582 shares in the last quarter. Franklin Resources Inc. increased its holdings in YETI by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after acquiring an additional 629,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in YETI by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock worth $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.