YETI (NYSE:YETI) Upgraded by Roth Mkm to “Buy” Rating

YETI (NYSE:YETI) was upgraded by equities research analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage presently has a $60.00 price target on the stock. Roth Mkm’s price target points to a potential upside of 24.85% from the stock’s previous close.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, January 21st. William Blair reissued an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. B. Riley Financial restated a “neutral” rating and set a $35.00 price target (up from $32.00) on shares of YETI in a research report on Monday, November 10th. Canaccord Genuity Group upped their price target on YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $45.00 price objective on shares of YETI in a research report on Tuesday, January 27th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, YETI presently has an average rating of “Moderate Buy” and an average target price of $45.62.

YETI Stock Up 1.5%

Shares of YETI stock opened at $48.06 on Tuesday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. YETI has a 12-month low of $26.61 and a 12-month high of $51.29. The company has a market cap of $3.74 billion, a P/E ratio of 25.03, a PEG ratio of 2.64 and a beta of 1.77. The company’s fifty day simple moving average is $46.55 and its two-hundred day simple moving average is $39.60.

Insider Activity at YETI

In other YETI news, SVP Bryan C. Barksdale sold 9,756 shares of the stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $45.32, for a total transaction of $442,141.92. Following the sale, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.08% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. L. Roy Papp & Associates LLP increased its holdings in YETI by 0.5% in the 4th quarter. L. Roy Papp & Associates LLP now owns 53,095 shares of the company’s stock worth $2,345,000 after buying an additional 240 shares in the last quarter. Cardinal Point Capital Management ULC boosted its holdings in shares of YETI by 0.7% during the 4th quarter. Cardinal Point Capital Management ULC now owns 41,845 shares of the company’s stock valued at $1,848,000 after acquiring an additional 300 shares during the last quarter. LRI Investments LLC grew its stake in shares of YETI by 8.0% in the third quarter. LRI Investments LLC now owns 4,170 shares of the company’s stock worth $138,000 after acquiring an additional 309 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after purchasing an additional 309 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in YETI by 6.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,670 shares of the company’s stock valued at $250,000 after purchasing an additional 321 shares during the period.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.