YETI’s (YETI) Hold Rating Reaffirmed at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of YETI (NYSE:YETI) in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a $44.00 target price on the stock.

A number of other brokerages have also recently commented on YETI. Citigroup decreased their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. Roth Mkm upped their price target on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. KeyCorp boosted their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Finally, B. Riley upped their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.46.

YETI Trading Down 1.4 %

Shares of YETI stock opened at $38.16 on Thursday. The stock has a market cap of $3.24 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 1.10 and a beta of 2.12. YETI has a 1 year low of $33.41 and a 1 year high of $54.15. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock has a 50 day simple moving average of $38.87 and a 200 day simple moving average of $39.31.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Covestor Ltd grew its holdings in YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after acquiring an additional 343 shares during the last quarter. Peloton Wealth Strategists increased its holdings in YETI by 0.4% in the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock valued at $3,540,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC raised its position in YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after purchasing an additional 423 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock worth $1,229,000 after buying an additional 465 shares during the period. Finally, Arizona State Retirement System grew its position in shares of YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock valued at $928,000 after buying an additional 468 shares during the last quarter.

About YETI

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.