YETI (NYSE:YETI) Price Target Raised to $43.00 at Stifel Nicolaus

YETI (NYSE:YETI - Get Free Report) had its price target increased by analysts at Stifel Nicolaus from $34.00 to $43.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Stifel Nicolaus' price target would suggest a potential downside of 3.48% from the stock's current price.

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A number of other research analysts also recently weighed in on the company. William Blair reiterated an "outperform" rating on shares of YETI in a research note on Tuesday, November 11th. Morgan Stanley upped their price target on shares of YETI from $37.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, October 27th. Canaccord Genuity Group lifted their price objective on YETI from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Friday, November 7th. UBS Group increased their target price on YETI from $35.00 to $38.00 and gave the company a "neutral" rating in a research note on Friday, November 7th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of YETI in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, YETI presently has an average rating of "Hold" and a consensus target price of $39.17.

Get Our Latest Analysis on YETI

YETI Stock Down 2.0%

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NYSE YETI traded down $0.91 on Friday, reaching $44.55. The stock had a trading volume of 386,300 shares, compared to its average volume of 2,041,919. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. YETI has a 1 year low of $26.61 and a 1 year high of $46.28. The business has a 50 day moving average price of $37.15 and a 200 day moving average price of $34.92. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 2.92 and a beta of 1.78.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The business had revenue of $487.77 million during the quarter, compared to analysts' expectations of $480.08 million. During the same quarter in the previous year, the business posted $0.71 EPS. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, analysts forecast that YETI will post 2.57 EPS for the current fiscal year.

Institutional Trading of YETI

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A number of large investors have recently bought and sold shares of the stock. Jump Financial LLC lifted its stake in shares of YETI by 66.8% during the first quarter. Jump Financial LLC now owns 36,061 shares of the company's stock valued at $1,194,000 after acquiring an additional 14,437 shares during the period. Harbor Capital Advisors Inc. lifted its position in YETI by 66.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 204,219 shares of the company's stock valued at $6,437,000 after purchasing an additional 81,720 shares during the period. Engaged Capital LLC bought a new position in shares of YETI in the 1st quarter valued at about $51,090,000. Cresset Asset Management LLC bought a new position in shares of YETI in the 1st quarter valued at about $287,000. Finally, Empowered Funds LLC grew its position in shares of YETI by 2,337.7% during the 1st quarter. Empowered Funds LLC now owns 225,781 shares of the company's stock worth $7,473,000 after buying an additional 216,519 shares during the period.

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.

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