Cowen cut shares of YETI (NYSE:YETI – Get Rating) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday morning, Marketbeat Ratings reports. The brokerage currently has $47.00 target price on the stock.
Several other equities research analysts have also recently commented on YETI. Piper Sandler increased their price objective on YETI from $48.00 to $57.00 and gave the company an overweight rating in a research report on Friday, November 11th. Cowen cut YETI from an outperform rating to a market perform rating and set a $47.00 price objective on the stock. in a research report on Wednesday. UBS Group dropped their price objective on YETI to $45.00 in a research report on Wednesday, November 16th. Robert W. Baird dropped their price objective on YETI from $65.00 to $60.00 and set an outperform rating on the stock in a research report on Friday, November 11th. Finally, Raymond James increased their price objective on YETI from $54.00 to $55.00 and gave the company an outperform rating in a research report on Friday, November 11th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $57.67.
Get YETI alerts:YETI Trading Up 2.3 %
NYSE YETI opened at $42.93 on Wednesday. YETI has a 12 month low of $27.86 and a 12 month high of $70.57. The stock has a market cap of $3.70 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.13 and a beta of 2.51. The stock's fifty day moving average price is $42.81 and its 200-day moving average price is $39.88. The company has a current ratio of 2.34, a quick ratio of 0.74 and a debt-to-equity ratio of 0.14.
YETI (NYSE:YETI – Get Rating) last released its earnings results on Thursday, November 10th. The company reported $0.59 EPS for the quarter, topping analysts' consensus estimates of $0.55 by $0.04. YETI had a return on equity of 40.06% and a net margin of 11.97%. The firm had revenue of $433.56 million for the quarter, compared to analysts' expectations of $417.76 million. As a group, equities analysts forecast that YETI will post 2.21 EPS for the current fiscal year.Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Capital World Investors raised its stake in YETI by 23.4% during the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company's stock valued at $435,865,000 after purchasing an additional 1,376,536 shares during the period. Loomis Sayles & Co. L P bought a new stake in YETI during the 2nd quarter valued at approximately $40,350,000. Van Berkom & Associates Inc. bought a new stake in YETI during the 2nd quarter valued at approximately $36,772,000. Capital International Investors raised its stake in YETI by 67.3% during the 1st quarter. Capital International Investors now owns 1,795,128 shares of the company's stock valued at $107,672,000 after purchasing an additional 721,816 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in YETI during the 1st quarter valued at approximately $33,133,000. Institutional investors own 94.24% of the company's stock.
YETI Company Profile
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YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.
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