Robert W. Baird Lowers YETI (NYSE:YETI) Price Target to $40.00

YETI (NYSE:YETI - Get Free Report) had its price target reduced by equities research analysts at Robert W. Baird from $50.00 to $40.00 in a research report issued on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Robert W. Baird's price target would indicate a potential upside of 41.62% from the company's current price.

A number of other equities analysts have also issued reports on YETI. Stifel Nicolaus decreased their price objective on YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Morgan Stanley decreased their price objective on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research note on Friday, February 14th. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, YETI currently has a consensus rating of "Hold" and an average price target of $44.00.

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YETI Stock Down 2.0 %

NYSE YETI traded down $0.58 on Friday, hitting $28.25. 1,553,581 shares of the stock traded hands, compared to its average volume of 1,871,057. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $34.13 and a 200 day moving average of $37.40. YETI has a twelve month low of $26.66 and a twelve month high of $45.25. The company has a market capitalization of $2.34 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. As a group, analysts expect that YETI will post 2.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its holdings in YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after buying an additional 280 shares during the period. Central Pacific Bank Trust Division lifted 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 purchasing an additional 290 shares during the period. Atria Investments Inc grew its position in YETI by 4.2% during the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after purchasing an additional 328 shares during the period. Pacer Advisors Inc. raised its stake in shares of YETI by 2.7% during the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock valued at $487,000 after buying an additional 332 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after buying an additional 333 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.