Stifel Nicolaus Has Lowered Expectations for YETI (NYSE:YETI) Stock Price

YETI (NYSE:YETI) had its price target dropped by analysts at Stifel Nicolaus from $40.00 to $34.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 16.56% from the company’s current price.

A number of other research analysts have also commented on the company. Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Canaccord Genuity Group lowered their price objective on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, KeyCorp lowered their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.00.

YETI Stock Up 0.4 %

NYSE YETI opened at $29.17 on Thursday. YETI has a twelve month low of $26.66 and a twelve month high of $45.25. The stock has a market cap of $2.41 billion, a PE ratio of 14.16, a PEG ratio of 1.05 and a beta of 2.04. The firm has a 50-day simple moving average of $34.30 and a 200 day simple moving average of $37.50. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. On average, research analysts forecast that YETI will post 2.57 EPS for the current year.

Institutional Trading of YETI

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP increased its holdings in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in YETI during the 3rd quarter worth approximately $38,000. Aster Capital Management DIFC Ltd acquired a new position in shares of YETI in the fourth quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of YETI during the fourth quarter worth $45,000. Finally, GeoWealth Management LLC acquired a new stake in shares of YETI during the fourth quarter worth $48,000.

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.