YETI (NYSE:YETI) Given “Hold” Rating at Canaccord Genuity Group

Canaccord Genuity Group restated their hold rating on shares of YETI (NYSE:YETI) in a report published on Monday morning, Benzinga reports. Canaccord Genuity Group currently has a $44.00 target price on the stock.

YETI has been the topic of several other reports. Piper Sandler reiterated an overweight rating and issued a $54.00 price objective on shares of YETI in a research report on Tuesday, July 30th. TD Cowen increased their price target on shares of YETI from $43.00 to $46.00 and gave the company a hold rating in a research report on Friday, August 9th. Citigroup cut their price objective on YETI from $49.00 to $47.00 and set a buy rating for the company in a research report on Monday, August 5th. Roth Mkm upped their target price on YETI from $42.00 to $43.00 and gave the company a neutral rating in a research note on Friday, August 9th. Finally, Bank of America raised YETI from a neutral rating to a buy rating and raised their price target for the stock from $46.00 to $55.00 in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, YETI presently has an average rating of Hold and an average price target of $46.43.

YETI Trading Down 2.7 %

NYSE YETI opened at $36.29 on Monday. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.09 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.13 and a beta of 2.11. YETI has a 52-week low of $33.88 and a 52-week high of $54.15. The firm has a 50-day moving average price of $39.29 and a 200 day moving average price of $38.97.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. YETI’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 earnings per share. Equities research analysts expect that YETI will post 2.35 EPS for the current year.

Hedge Funds Weigh In On YETI

A number of institutional investors and hedge funds have recently bought and sold shares of YETI. Beacon Pointe Advisors LLC grew its stake in shares of YETI by 1.1% during the fourth quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock valued at $1,164,000 after acquiring an additional 239 shares in the last quarter. Retirement Systems of Alabama grew its stake in YETI by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock valued at $4,204,000 after purchasing an additional 288 shares in the last quarter. KLR Investment Advisors LLC increased its holdings in YETI by 5.9% during the 4th quarter. KLR Investment Advisors LLC now owns 6,421 shares of the company’s stock worth $332,000 after purchasing an additional 355 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of YETI by 1.0% in the 4th quarter. Treasurer of the State of North Carolina now owns 38,421 shares of the company’s stock valued at $1,989,000 after purchasing an additional 380 shares in the last quarter. Finally, Bridge City Capital LLC boosted its stake in shares of YETI by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 50,276 shares of the company’s stock valued at $1,938,000 after buying an additional 393 shares during the last quarter.

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.