Roth Mkm Increases YETI (NYSE:YETI) Price Target to $43.00

YETI (NYSE:YETI) had its price target increased by Roth Mkm from $42.00 to $43.00 in a report released on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s price target suggests a potential upside of 4.93% from the company’s previous close.

Other analysts also recently issued reports about the company. Bank of America upgraded YETI from a “neutral” rating to a “buy” rating and raised their target price for the company from $46.00 to $55.00 in a research note on Thursday. KeyCorp increased their target price on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday. TD Cowen lifted their price target on shares of YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Citigroup dropped their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Finally, William Blair reaffirmed an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, YETI has an average rating of “Hold” and a consensus target price of $47.20.

YETI Stock Down 5.0 %

YETI stock traded down $2.14 during trading on Friday, reaching $40.98. 2,681,010 shares of the company’s stock were exchanged, compared to its average volume of 1,628,928. YETI has a 52-week low of $33.88 and a 52-week high of $54.15. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.16 and a beta of 2.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. The company’s 50-day moving average is $39.74 and its two-hundred day moving average is $39.54.

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

Institutional Trading of YETI

A number of large investors have recently modified their holdings of the company. American Century Companies Inc. grew its position in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after purchasing an additional 1,488,994 shares during the last quarter. Norges Bank acquired a new position in shares of YETI during the fourth quarter worth approximately $46,686,000. Franklin Resources Inc. grew 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 buying an additional 629,287 shares in the last quarter. Capital Research Global Investors increased its position in YETI by 2.4% in the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after acquiring an additional 248,680 shares during the period. Finally, Grandeur Peak Global Advisors LLC bought a new stake in YETI during the 1st quarter valued at $9,341,000.

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.