YETI (NYSE:YETI) Rating Increased to Sector Weight at KeyCorp

KeyCorp upgraded shares of YETI (NYSE:YETI) from an underweight rating to a sector weight rating in a research note published on Thursday, MarketBeat reports.

A number of other equities analysts have also commented on the stock. UBS Group cut 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. Robert W. Baird reduced their price target on YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. Canaccord Genuity Group decreased their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Morgan Stanley cut their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus decreased their target price on shares of YETI from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.14.

YETI Trading Up 3.4 %

NYSE YETI opened at $27.85 on Thursday. YETI has a twelve month low of $26.61 and a twelve month high of $45.25. The business’s fifty day moving average is $33.60 and its 200 day moving average is $37.17. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, sell-side analysts expect that YETI will post 2.57 EPS for the current fiscal year.

Institutional Trading of YETI

Several hedge funds have recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in shares of YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after buying an additional 280 shares during the last quarter. Central Pacific Bank Trust Division boosted its stake in YETI by 6.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after purchasing an additional 290 shares during the last quarter. Atria Investments Inc increased its holdings in YETI by 4.2% during the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after purchasing an additional 328 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of YETI by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after purchasing an additional 332 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 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.