Stifel Nicolaus Cuts YETI (NYSE:YETI) Price Target to $40.00

YETI (NYSE:YETI - Get Free Report) had its price objective dropped by research analysts at Stifel Nicolaus from $45.00 to $40.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "hold" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 4.15% from the company's current price.

YETI has been the topic of a number of other research reports. KeyCorp cut their price target on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Morgan Stanley dropped their target price on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday. Canaccord Genuity Group dropped their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research report on Friday. Bank of America cut shares of YETI from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, TD Cowen dropped their target price 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $44.77.

YETI Trading Up 1.0 %

Shares of YETI stock traded up $0.39 on Friday, hitting $38.41. 2,103,237 shares of the company's stock traded hands, compared to its average volume of 1,695,972. 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 one year low of $33.41 and a one year high of $45.25. The company's fifty day simple moving average is $38.56 and its 200 day simple moving average is $39.17. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.06 and a beta of 2.13.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The firm had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. Equities analysts forecast that YETI will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Wasatch Advisors LP increased its stake in YETI by 0.9% during the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after purchasing an additional 51,443 shares in the last quarter. Wellington Management Group LLP increased its stake in YETI by 15.9% during the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after purchasing an additional 489,063 shares in the last quarter. Gates Capital Management Inc. bought a new stake in YETI during the 4th quarter valued at about $135,356,000. Dimensional Fund Advisors LP increased its stake in YETI by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after purchasing an additional 22,123 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after purchasing an additional 7,382 shares in 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.