YETI (NYSE:YETI) Price Target Cut to $44.00 by Analysts at TD Cowen

YETI (NYSE:YETI - Get Free Report) had its price objective lowered by stock analysts at TD Cowen from $46.00 to $44.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. TD Cowen's price target would indicate a potential upside of 6.54% from the company's previous close.

Several other analysts have also weighed in on the company. Jefferies Financial Group upped their target price on YETI from $54.00 to $55.00 and gave the company a "buy" rating in a report on Thursday, July 18th. B. Riley raised their target price on shares of YETI from $38.00 to $45.00 and gave the company a "neutral" rating in a report on Friday, August 9th. Piper Sandler reaffirmed an "overweight" rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday. Roth Mkm raised their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group reiterated a "hold" rating and set a $44.00 target price on shares of YETI in a report on Monday, September 30th. One equities research 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. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $45.46.

YETI Stock Performance

Shares of YETI stock traded up $2.64 during trading hours on Monday, reaching $41.30. 2,854,277 shares of the company's stock were exchanged, compared to its average volume of 1,623,356. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.22. YETI has a 1 year low of $33.41 and a 1 year high of $54.15. The company has a market cap of $3.50 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.12 and a beta of 2.12. The company's 50 day moving average is $38.75 and its two-hundred day moving average is $39.20.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.06. YETI had a return on equity of 28.31% and a net margin of 11.15%. The company had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. During the same quarter last year, the company earned $0.51 earnings per share. YETI's quarterly revenue was up 15.1% compared to the same quarter last year. Equities research analysts anticipate that YETI will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

A number of hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund Corp increased its stake in YETI by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 76,013 shares of the company's stock valued at $2,930,000 after purchasing an additional 984 shares during the last quarter. Quantbot Technologies LP acquired a new stake in YETI in the first quarter worth $880,000. SG Americas Securities LLC lifted its stake in YETI by 259.4% in the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company's stock valued at $816,000 after buying an additional 15,280 shares during the last quarter. Swiss National Bank boosted its holdings in shares of YETI by 0.3% during the first quarter. Swiss National Bank now owns 171,400 shares of the company's stock valued at $6,607,000 after acquiring an additional 500 shares during the period. Finally, Headlands Technologies LLC bought a new position in YETI in the 1st quarter worth about $76,000.

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.