YETI (NYSE:YETI) PT Lowered to $48.00

YETI (NYSE:YETI – Get Rating) had its price objective cut by equities researchers at Roth Capital from $80.00 to $48.00 in a note issued to investors on Thursday, The Fly reports. Roth Capital’s price target points to a potential upside of 0.17% from the stock’s current price.

A number of other research analysts have also recently commented on YETI. Morgan Stanley dropped their price target on YETI from $97.00 to $64.00 and set an “equal weight” rating for the company in a research note on Thursday, April 21st. Robert W. Baird dropped their price target on YETI from $90.00 to $70.00 in a research note on Thursday. Citigroup dropped their price target on YETI from $83.00 to $65.00 in a research note on Thursday. Cowen dropped their price target on YETI from $104.00 to $89.00 in a research note on Friday, February 18th. Finally, Berenberg Bank upgraded YETI from a “hold” rating to a “buy” rating and dropped their price target for the company from $103.00 to $92.00 in a research note on Thursday, April 7th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, YETI presently has a consensus rating of “Buy” and an average target price of $90.38.

NYSE YETI opened at $47.92 on Thursday. The business has a fifty day moving average price of $55.21 and a two-hundred day moving average price of $71.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.12. YETI has a fifty-two week low of $42.09 and a fifty-two week high of $108.82. The stock has a market capitalization of $4.17 billion, a PE ratio of 20.48, a PEG ratio of 1.03 and a beta of 2.57.

YETI (NYSE:YETI – Get Rating) last released its earnings results on Wednesday, May 11th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. YETI had a return on equity of 52.00% and a net margin of 15.07%. During the same quarter in the previous year, the firm earned $0.35 earnings per share. As a group, sell-side analysts expect that YETI will post 2.68 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. CWM LLC acquired a new stake in YETI during the 4th quarter worth about $26,000. Sumitomo Life Insurance Co. grew its holdings in YETI by 3.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 17,860 shares of the company’s stock worth $1,479,000 after acquiring an additional 609 shares during the period. SG Americas Securities LLC grew its holdings in YETI by 223.5% during the 4th quarter. SG Americas Securities LLC now owns 33,972 shares of the company’s stock worth $2,814,000 after acquiring an additional 23,471 shares during the period. State of New Jersey Common Pension Fund D grew its stake in shares of YETI by 3.3% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 46,803 shares of the company’s stock valued at $3,877,000 after buying an additional 1,503 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of YETI by 45.2% in the 4th quarter. Victory Capital Management Inc. now owns 1,174,750 shares of the company’s stock valued at $97,304,000 after buying an additional 365,541 shares during the period. Hedge funds and other institutional investors own 96.33% of the company’s stock.

About YETI (Get Rating)

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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