KeyCorp Cuts YETI (NYSE:YETI) Price Target to $35.00

YETI (NYSE:YETI) had its target price decreased by KeyCorp from $36.00 to $35.00 in a report released on Wednesday morning,Benzinga reports. KeyCorp currently has an underweight rating on the stock.

Several other analysts also recently weighed in on the company. TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Canaccord Genuity Group restated a “hold” rating and set a $44.00 price target on shares of YETI in a report on Thursday, November 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $44.83.

YETI Stock Up 1.9 %

Shares of YETI opened at $38.15 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The firm has a market cap of $3.24 billion, a P/E ratio of 16.37, a P/E/G ratio of 1.37 and a beta of 2.14. The stock has a 50 day simple moving average of $39.81 and a two-hundred day simple moving average of $39.39. YETI has a 1 year low of $33.41 and a 1 year high of $49.01.

Institutional Trading of YETI

Several hedge funds and other institutional investors have recently bought and sold shares of YETI. American Century Companies Inc. increased its holdings in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock worth $56,351,000 after acquiring an additional 179,005 shares during the last quarter. Geode Capital Management LLC raised its holdings in YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after acquiring an additional 7,382 shares during the last quarter. Congress Asset Management Co. lifted its stake in YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after purchasing an additional 165,458 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of YETI by 54.8% in the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after purchasing an additional 289,298 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.