YETI (NYSE:YETI) Price Target Raised to $58.00

YETI (NYSE:YETI) had its price objective raised by Piper Sandler from $54.00 to $58.00 in a research report sent to investors on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

YETI has been the topic of a number of other reports. Canaccord Genuity Group upped their price target on YETI from $42.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Stifel Nicolaus set a $42.00 price objective on YETI in a report on Friday, May 15th. Morgan Stanley set a $45.00 target price on YETI in a research report on Tuesday, June 23rd. Robert W. Baird upped their target price on shares of YETI from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of YETI from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $53.17.

YETI Trading Up 0.1%

NYSE:YETI opened at $50.83 on Monday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 25.93, a PEG ratio of 1.60 and a beta of 1.72. The company has a quick ratio of 1.06, a current ratio of 2.10 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average price is $49.80 and its 200-day moving average price is $44.73. YETI has a 52 week low of $31.66 and a 52 week high of $53.99.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.09. The company had revenue of $380.41 million during the quarter, compared to analyst estimates of $374.73 million. YETI had a net margin of 8.36% and a return on equity of 22.61%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS. On average, equities research analysts forecast that YETI will post 2.44 earnings per share for the current fiscal year.

Institutional Trading of YETI

Several large investors have recently modified their holdings of YETI. SBI Securities Co. Ltd. lifted its holdings in YETI by 91.2% in the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock valued at $29,000 after acquiring an additional 309 shares during the period. Quarry LP bought a new stake in shares of YETI during the 3rd quarter valued at about $30,000. Safe Harbor Fiduciary LLC bought a new stake in shares of YETI during the 4th quarter valued at about $41,000. Meeder Asset Management Inc. purchased a new stake in shares of YETI during the 4th quarter valued at about $44,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of YETI by 56.0% in the 1st quarter. SJS Investment Consulting Inc. now owns 1,385 shares of the company’s stock worth $51,000 after purchasing an additional 497 shares during the period.

About YETI

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.