YETI’s (YETI) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of YETI (NYSE:YETI) in a research note issued to investors on Monday,Benzinga reports. They currently have a $55.00 price target on the stock.

Several other analysts have also recently issued reports on YETI. Morgan Stanley dropped their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. UBS Group dropped their price objective on shares of YETI from $43.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, April 17th. KeyCorp raised shares of YETI from an “underweight” rating to a “sector weight” rating in a research note on Thursday, April 17th. Robert W. Baird dropped their price target on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a research note on Friday, April 11th. Finally, Canaccord Genuity Group reduced their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, YETI has an average rating of “Hold” and a consensus target price of $41.13.

YETI Stock Performance

NYSE:YETI opened at $27.89 on Monday. The company has a market cap of $2.31 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.05 and a beta of 1.91. YETI has a twelve month low of $26.61 and a twelve month high of $45.25. The company’s 50-day moving average price is $31.09 and its 200-day moving average price is $35.95. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

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

Hedge Funds Weigh In On YETI

Hedge funds have recently bought and sold shares of the company. Allworth Financial LP grew its position in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of YETI in the first quarter valued at approximately $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of YETI in the third quarter valued at approximately $38,000. Aster Capital Management DIFC Ltd purchased a new stake in YETI during the 4th quarter worth approximately $44,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in YETI during the 4th quarter worth approximately $45,000.

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.