YETI (NYSE:YETI) Given New $43.00 Price Target at UBS Group

YETI (NYSE:YETI) had its price target dropped by stock analysts at UBS Group from $44.00 to $43.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 15.75% from the company’s current price.

Several other brokerages also recently commented on YETI. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. TD Cowen lowered their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler restated an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, YETI currently has a consensus rating of “Hold” and a consensus target price of $44.69.

YETI Trading Up 0.8 %

YETI stock traded up $0.28 during trading hours on Thursday, reaching $37.15. The company had a trading volume of 753,578 shares, compared to its average volume of 1,241,189. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI has a 12-month low of $33.41 and a 12-month high of $49.01. The company has a 50-day moving average price of $39.90 and a 200 day moving average price of $39.34. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 15.94, a P/E/G ratio of 1.07 and a beta of 2.14.

Hedge Funds Weigh In On YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of YETI by 17.3% in the 2nd quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock worth $716,000 after buying an additional 2,769 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in YETI by 54.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,643 shares of the company’s stock worth $1,474,000 after purchasing an additional 13,686 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of YETI by 23.8% during the second quarter. Envestnet Asset Management Inc. now owns 80,525 shares of the company’s stock valued at $3,072,000 after purchasing an additional 15,469 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after purchasing an additional 179,005 shares during the last quarter. Finally, Amalgamated Bank boosted its position in shares of YETI by 1.9% in the 2nd quarter. Amalgamated Bank now owns 53,834 shares of the company’s stock worth $2,054,000 after purchasing an additional 1,028 shares in 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.