Jefferies Financial Group Increases YETI (NYSE:YETI) Price Target to $55.00

YETI (NYSE:YETI) had its price objective raised by Jefferies Financial Group from $54.00 to $55.00 in a report published on Thursday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

YETI has been the subject of a number of other research reports. Piper Sandler reaffirmed an overweight rating and set a $54.00 target price (up previously from $52.00) on shares of YETI in a report on Friday, May 10th. Morgan Stanley lifted their target price on YETI from $39.00 to $41.00 and gave the stock an equal weight rating in a report on Friday, May 10th. Canaccord Genuity Group lifted their target price on YETI from $40.00 to $42.00 and gave the stock a hold rating in a report on Friday, May 10th. William Blair reaffirmed an outperform rating on shares of YETI in a report on Wednesday, May 1st. Finally, Raymond James lifted their target price on YETI from $48.00 to $49.00 and gave the stock an outperform rating in a report on Friday, May 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $46.47.

YETI Price Performance

Shares of NYSE YETI opened at $38.99 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. The company has a market cap of $3.32 billion, a PE ratio of 19.40, a P/E/G ratio of 1.17 and a beta of 2.14. The business has a 50-day simple moving average of $39.87 and a two-hundred day simple moving average of $40.26. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The business had revenue of $341.39 million during the quarter, compared to the consensus estimate of $333.79 million. As a group, equities analysts expect that YETI will post 2.36 EPS for the current fiscal year.

Institutional Trading of YETI

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Capital Research Global Investors increased its position in shares of YETI by 2.4% in the first quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after buying an additional 248,680 shares in the last quarter. Baillie Gifford & Co. increased its position in shares of YETI by 53.0% in the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after buying an additional 3,260,704 shares in the last quarter. Vanguard Group Inc. increased its position in shares of YETI by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock valued at $318,690,000 after buying an additional 57,582 shares in the last quarter. Franklin Resources Inc. increased its position in shares of YETI by 18.7% in the fourth quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock valued at $207,090,000 after buying an additional 629,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of YETI by 8.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock valued at $65,687,000 after buying an additional 103,732 shares in 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.