Canaccord Genuity Group Reaffirms “Hold” Rating for YETI (NYSE:YETI)

Canaccord Genuity Group reaffirmed their hold rating on shares of YETI (NYSE:YETI) in a research note released on Thursday,Benzinga reports. They currently have a $44.00 price target on the stock.

Other equities research analysts have also recently issued reports about the company. Citigroup dropped their price objective on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Jefferies Financial Group increased their price objective on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. B. Riley upped their price objective on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Roth Mkm increased their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. One 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 company has an average rating of “Hold” and a consensus price target of $45.46.

YETI Trading Down 1.4 %

Shares of NYSE YETI opened at $38.16 on Thursday. YETI has a 52-week low of $33.41 and a 52-week high of $54.15. The company has a market cap of $3.24 billion, a PE ratio of 16.38, a P/E/G ratio of 1.12 and a beta of 2.12. The firm’s 50 day moving average price is $38.87 and its 200-day moving average price is $39.27. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

Institutional Trading of YETI

Institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC boosted its stake in YETI by 259.4% in the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after purchasing an additional 15,280 shares during the period. BOKF NA grew its position in shares of YETI by 12,075.3% during the first quarter. BOKF NA now owns 18,263 shares of the company’s stock valued at $701,000 after purchasing an additional 18,113 shares in the last quarter. Janus Henderson Group PLC grew its position in shares of YETI by 65.8% during the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after purchasing an additional 27,076 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of YETI by 26,657.7% in the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after purchasing an additional 43,452 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. lifted its position in shares of YETI by 7.5% in the third quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company’s stock worth $14,859,000 after buying an additional 25,300 shares in the last quarter.

YETI Company Profile

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.