YETI (NYSE:YETI) Receives "Hold" Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their hold rating on shares of YETI (NYSE:YETI - Free Report) in a research report released on Thursday,Benzinga reports. The firm currently has a $44.00 price target on the stock.

A number of other research analysts also recently issued reports on the company. Roth Mkm boosted their price objective on YETI from $42.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, August 9th. TD Cowen reduced their price target on shares of YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a report on Monday. Citigroup decreased their target price on YETI from $49.00 to $47.00 and set a "buy" rating on the stock in a research report on Monday, August 5th. Piper Sandler restated an "overweight" rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on shares of YETI from $54.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $45.46.

YETI Stock Performance

Shares of YETI stock traded down $1.93 on Thursday, reaching $38.72. The stock had a trading volume of 2,147,558 shares, compared to its average volume of 1,629,379. The stock has a market cap of $3.28 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 1.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. YETI has a 1 year low of $33.41 and a 1 year high of $54.15. The company has a 50 day simple moving average of $38.86 and a 200 day simple moving average of $39.24.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of YETI. SG Americas Securities LLC increased its holdings in shares of YETI by 259.4% during the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company's stock valued at $816,000 after acquiring an additional 15,280 shares in the last quarter. Swiss National Bank raised its holdings in shares of YETI by 0.3% in the first quarter. Swiss National Bank now owns 171,400 shares of the company's stock worth $6,607,000 after buying an additional 500 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of YETI during the first quarter worth $76,000. State Board of Administration of Florida Retirement System grew its holdings in shares of YETI by 5.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 92,639 shares of the company's stock valued at $3,706,000 after buying an additional 4,920 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in shares of YETI by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company's stock valued at $318,690,000 after acquiring an additional 57,582 shares during the period.

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.