YETI (NYSE:YETI) Price Target Lowered to $40.00 at Robert W. Baird

YETI (NYSE:YETI) had its price objective cut by Robert W. Baird from $50.00 to $40.00 in a research note issued to investors on Friday,Benzinga reports. They currently have an outperform rating on the stock.

YETI has been the topic of a number of other research reports. UBS Group lowered their price target on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Stifel Nicolaus reduced their price objective on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday. KeyCorp dropped their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Morgan Stanley cut their price objective 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, February 14th. Finally, Canaccord Genuity Group cut their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

YETI Stock Performance

Shares of YETI stock opened at $29.17 on Friday. The business has a 50 day moving average price of $34.30 and a 200-day moving average price of $37.48. YETI has a 52 week low of $26.66 and a 52 week high of $45.25. The company has a market cap of $2.41 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Equities analysts anticipate that YETI will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of YETI

A number of institutional investors have recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of YETI by 56.2% in the third quarter. FMR LLC now owns 12,037 shares of the company’s stock worth $494,000 after acquiring an additional 4,329 shares during the period. Captrust Financial Advisors grew its position in shares of YETI by 5.5% during the 3rd quarter. Captrust Financial Advisors now owns 9,472 shares of the company’s stock valued at $389,000 after acquiring an additional 496 shares during the period. Stifel Financial Corp raised its holdings in YETI by 42.5% in the 3rd quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock worth $789,000 after purchasing an additional 5,731 shares during the period. Y Intercept Hong Kong Ltd increased its position in YETI by 246.1% in the third quarter. Y Intercept Hong Kong Ltd now owns 20,789 shares of the company’s stock worth $853,000 after buying an additional 14,782 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of 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 buying an additional 7,382 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.