Canaccord Genuity Group reissued their hold rating on shares of YETI (NYSE:YETI – Free Report) in a research report released on Monday morning, Benzinga reports. Canaccord Genuity Group currently has a $44.00 price objective on the stock.
A number of other research firms have also issued reports on YETI. Roth Mkm upped their price target on YETI from $42.00 to $43.00 and gave the company a neutral rating in a research report on Friday, August 9th. Bank of America raised shares of YETI from a neutral rating to a buy rating and boosted their price target for the company from $46.00 to $55.00 in a research report on Thursday, August 8th. Citigroup dropped their price objective on shares of YETI from $49.00 to $47.00 and set a buy rating for the company in a report on Monday, August 5th. Jefferies Financial Group lifted their target price on shares of YETI from $54.00 to $55.00 and gave the stock a buy rating in a research note on Thursday, July 18th. Finally, B. Riley raised their price target on shares of YETI from $38.00 to $45.00 and gave the stock a neutral rating in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $46.43.
Get Our Latest Research Report on YETI
YETI Stock Down 0.4 %
YETI (NYSE:YETI – Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The business had revenue of $463.50 million for the quarter, compared to the consensus estimate of $452.42 million. During the same quarter last year, the business posted $0.51 earnings per share. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts forecast that YETI will post 2.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On YETI
Several institutional investors and hedge funds have recently modified their holdings of YETI. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of YETI during the second quarter worth about $1,163,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in YETI during the 2nd quarter worth approximately $106,000. Algert Global LLC purchased a new position in YETI in the 2nd quarter valued at approximately $334,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of YETI in the second quarter worth $521,000. Finally, Scientech Research LLC purchased a new stake in shares of YETI during the second quarter worth $533,000.
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.
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