YETI (NYSE:YETI) Price Target Lowered to $43.00 at UBS Group

YETI (NYSE:YETI) had its target price lowered by UBS Group from $44.00 to $43.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also recently weighed in on YETI. TD Cowen cut their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Canaccord Genuity Group restated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Piper Sandler restated an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and reduced their target price 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 issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.69.

YETI Price Performance

YETI stock opened at $37.24 on Thursday. YETI has a 52-week low of $33.41 and a 52-week high of $49.01. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.07 and a beta of 2.14. The firm’s fifty day moving average is $39.84 and its 200 day moving average is $39.34. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On YETI

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