YETI (NYSE:YETI) Price Target Lowered to $43.00 at UBS Group

YETI (NYSE:YETI) had its price target lowered by analysts at UBS Group from $44.00 to $43.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target points to a potential upside of 15.75% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Piper Sandler restated an “overweight” rating and set a $54.00 target price (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. TD Cowen dropped their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 target price on shares of YETI in a research note on Thursday, November 14th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, YETI currently has an average rating of “Hold” and an average target price of $44.69.

YETI Stock Performance

Shares of NYSE YETI traded up $0.28 during midday trading on Thursday, hitting $37.15. The company’s stock had a trading volume of 753,578 shares, compared to its average volume of 1,241,189. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.07 and a beta of 2.14. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average price of $39.90 and a 200 day moving average price of $39.34. YETI has a one year low of $33.41 and a one year high of $49.01.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YETI. Park Avenue Securities LLC bought a new stake in YETI during the fourth quarter worth about $326,000. Green Alpha Advisors LLC lifted its position in YETI by 4.6% in the 4th quarter. Green Alpha Advisors LLC now owns 12,464 shares of the company’s stock worth $480,000 after buying an additional 546 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in YETI by 8.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company’s stock worth $1,544,000 after buying an additional 3,262 shares in the last quarter. Central Pacific Bank Trust Division grew its position in YETI by 6.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after acquiring an additional 290 shares during the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of YETI by 364.3% during the fourth quarter. Versant Capital Management Inc now owns 1,885 shares of the company’s stock worth $73,000 after acquiring an additional 1,479 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.