YETI (NYSE:YETI) Upgraded at Bank of America

Bank of America upgraded shares of YETI (NYSE:YETI) from a neutral rating to a buy rating in a report published on Thursday, Marketbeat.com reports. Bank of America currently has $55.00 target price on the stock, up from their prior target price of $46.00.

A number of other analysts also recently issued reports on YETI. Jefferies Financial Group increased their target price on shares of YETI from $54.00 to $55.00 and gave the stock a buy rating in a research report on Thursday, July 18th. Roth Mkm decreased their price objective on shares of YETI from $43.00 to $42.00 and set a neutral rating for the company in a research note on Friday, May 10th. Citigroup decreased their price objective on shares of YETI from $49.00 to $47.00 and set a buy rating for the company in a research note on Monday, August 5th. Piper Sandler reiterated an overweight rating and set a $54.00 price objective on shares of YETI in a research note on Tuesday, July 30th. Finally, Raymond James boosted their price objective on shares of YETI from $48.00 to $49.00 and gave the stock an outperform rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, YETI currently has an average rating of Hold and an average target price of $46.29.

YETI Trading Down 5.0 %

Shares of YETI stock opened at $40.98 on Thursday. The firm’s 50-day simple moving average is $39.74 and its 200-day simple moving average is $39.50. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22. YETI has a 1-year low of $33.88 and a 1-year high of $54.15. The firm has a market cap of $3.47 billion, a P/E ratio of 20.39, a PEG ratio of 1.23 and a beta of 2.14.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.19 by $0.07. The firm had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. As a group, equities analysts forecast that YETI will post 2.36 EPS for the current year.

Institutional Trading of YETI

Several institutional investors and hedge funds have recently bought and sold shares of the company. Beacon Pointe Advisors LLC increased its holdings in shares of YETI by 1.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock valued at $1,164,000 after acquiring an additional 239 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in YETI by 0.3% in the first quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after purchasing an additional 288 shares during the period. KLR Investment Advisors LLC increased its stake in YETI by 5.9% during the fourth quarter. KLR Investment Advisors LLC now owns 6,421 shares of the company’s stock valued at $332,000 after purchasing an additional 355 shares during the last quarter. Signaturefd LLC raised its holdings in shares of YETI by 27.0% during the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after purchasing an additional 368 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in shares of YETI by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 38,421 shares of the company’s stock worth $1,989,000 after buying an additional 380 shares during the last quarter.

About YETI

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.