YETI (NYSE:YETI) Rating Increased to Sector Weight at KeyCorp

KeyCorp upgraded shares of YETI (NYSE:YETI - Free Report) from an underweight rating to a sector weight rating in a research note issued to investors on Thursday, Marketbeat reports.

YETI has been the subject of a number of other reports. Stifel Nicolaus decreased their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Morgan Stanley cut their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Friday, February 14th. UBS Group lowered their price target on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Robert W. Baird reduced their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Canaccord Genuity Group dropped their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $42.20.

YETI Price Performance

Shares of YETI stock traded up $0.41 during midday trading on Thursday, reaching $27.90. 562,518 shares of the company were exchanged, compared to its average volume of 1,679,998. The company's 50 day moving average price is $33.19 and its two-hundred day moving average price is $36.94. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a market cap of $2.31 billion, a P/E ratio of 13.53, a PEG ratio of 1.05 and a beta of 2.04. YETI has a 12 month low of $26.61 and a 12 month high of $45.25.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The business 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 28.23% and a net margin of 9.60%. On average, sell-side analysts expect that YETI will post 2.57 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wasatch Advisors LP boosted its stake in YETI by 0.9% in the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after buying an additional 51,443 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of YETI by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock worth $137,114,000 after purchasing an additional 489,063 shares during the last quarter. Gates Capital Management Inc. acquired a new stake in shares of YETI during the 4th quarter worth about $135,356,000. Dimensional Fund Advisors LP lifted its holdings 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 during the last quarter. Finally, Geode Capital Management LLC boosted its position in YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after buying 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.