TD Cowen Has Lowered Expectations for YETI (NYSE:YETI) Stock Price

YETI (NYSE:YETI) had its target price lowered by TD Cowen from $46.00 to $44.00 in a report released on Monday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group increased their target price on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Citigroup cut their target price on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. B. Riley increased their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $45.46.

YETI Stock Down 4.7 %

Shares of NYSE YETI opened at $38.72 on Monday. YETI has a 52-week low of $33.41 and a 52-week high of $54.15. The business’s 50 day moving average is $38.86 and its two-hundred day moving average is $39.24. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 16.62, a PEG ratio of 1.20 and a beta of 2.12. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Institutional Trading of YETI

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in shares of YETI in the 3rd quarter valued at about $26,000. Crewe Advisors LLC purchased a new position in YETI in the first quarter valued at approximately $27,000. Versant Capital Management Inc raised its holdings in YETI by 571.8% during the second quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after purchasing an additional 709 shares in the last quarter. Blue Trust Inc. lifted its position in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after buying an additional 630 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of YETI during the 2nd quarter worth approximately $42,000.

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.