YETI (NYSE:YETI) Price Target Lowered to $42.00 at Roth Mkm

YETI (NYSE:YETI) had its target price lowered by Roth Mkm from $43.00 to $42.00 in a report released on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Roth Mkm’s price target suggests a potential upside of 5.37% from the stock’s current price.

Other analysts have also issued reports about the company. B. Riley cut their price target on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Raymond James cut their target price on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. KeyCorp lifted their target price on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, January 12th. Canaccord Genuity Group dropped their price target on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. Finally, Stifel Nicolaus lowered their price target on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average price target of $47.50.

YETI Stock Performance

YETI traded up $0.60 during trading hours on Friday, reaching $39.86. The company’s stock had a trading volume of 640,001 shares, compared to its average volume of 1,716,693. YETI has a 52 week low of $33.88 and a 52 week high of $54.15. The company’s 50-day moving average is $37.49 and its 200-day moving average is $42.27. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The firm has a market cap of $3.40 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.37 and a beta of 2.26.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm had revenue of $519.79 million for the quarter, compared to the consensus estimate of $535.99 million. During the same quarter in the previous year, the business earned $0.75 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that YETI will post 2.27 EPS for the current year.

Institutional Trading of YETI

A number of institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new position in shares of YETI during the 1st quarter valued at about $35,000. Sachetta LLC acquired a new position in shares of YETI during the 4th quarter worth approximately $53,000. Principal Securities Inc. acquired a new position in shares of YETI during the 4th quarter worth approximately $74,000. Signaturefd LLC raised its position in shares of YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock valued at $90,000 after buying an additional 368 shares during the period. Finally, Scarborough Advisors LLC purchased a new stake in shares of YETI during the 4th quarter valued at approximately $100,000.

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.