YETI (NYSE:YETI) Price Target Raised to $37.00

YETI (NYSE:YETI) had its price target lifted by Canaccord Genuity Group from $34.00 to $37.00 in a research report released on Friday morning,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

YETI has been the topic of a number of other research reports. Cowen reissued a “hold” rating on shares of YETI in a research note on Friday, August 8th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Raymond James Financial restated an “outperform” rating and set a $37.00 target price (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. UBS Group upped their price target on YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Citigroup increased their price objective on YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.08.

YETI Stock Performance

YETI opened at $36.27 on Friday. The stock’s 50 day simple moving average is $34.63 and its 200-day simple moving average is $33.20. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.82 billion, a PE ratio of 18.89, a P/E/G ratio of 2.56 and a beta of 1.89. YETI has a 1 year low of $26.61 and a 1 year high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The business’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Sell-side analysts forecast that YETI will post 2.57 EPS for the current year.

Institutional Trading of YETI

Several large investors have recently made changes to their positions in the business. Costello Asset Management INC bought a new position in shares of YETI in the first quarter valued at about $25,000. IFP Advisors Inc raised its stake in shares of YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after acquiring an additional 865 shares during the last quarter. True Wealth Design LLC lifted its position in shares of YETI by 141.1% during the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares in the last quarter. UMB Bank n.a. grew its stake in shares of YETI by 109.3% during the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares during 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.