YETI (NYSE:YETI - Get Free Report) had its price objective cut by KeyCorp from $36.00 to $35.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "underweight" rating on the stock. KeyCorp's target price suggests a potential downside of 6.74% from the stock's current price.
Other equities research analysts have also recently issued research reports about the stock. TD Cowen lowered their price target on shares of YETI from $46.00 to $44.00 and set a "hold" rating for the company in a research report on Monday, November 11th. Canaccord Genuity Group restated a "hold" rating and set a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Piper Sandler reiterated an "overweight" rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. Finally, Bank of America lowered YETI from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $44.83.
Check Out Our Latest Stock Analysis on YETI
YETI Trading Down 0.9 %
YETI stock traded down $0.34 during midday trading on Wednesday, reaching $37.53. The stock had a trading volume of 1,767,765 shares, compared to its average volume of 1,406,533. YETI has a 52-week low of $33.41 and a 52-week high of $49.01. The company has a fifty day moving average of $39.76 and a 200 day moving average of $39.41. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.37 and a beta of 2.14. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.
Institutional Trading of YETI
A number of institutional investors have recently bought and sold shares of YETI. V Square Quantitative Management LLC acquired a new stake in shares of YETI during the third quarter worth about $26,000. Blue Trust Inc. lifted its stake in YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company's stock valued at $33,000 after acquiring an additional 630 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI in the 3rd quarter valued at $38,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of YETI in the second quarter worth $42,000. Finally, GAMMA Investing LLC raised its holdings in shares of YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock worth $50,000 after purchasing an additional 423 shares during the last quarter.
YETI Company Profile
(
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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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