Stifel Nicolaus Lowers YETI (NYSE:YETI) Price Target to $40.00

YETI (NYSE:YETI) had its price objective lowered by analysts at Stifel Nicolaus from $45.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.22% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Morgan Stanley reduced their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. UBS Group cut their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, TD Cowen cut their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.77.

YETI Price Performance

YETI opened at $38.02 on Friday. The stock has a fifty day moving average of $38.78 and a 200-day moving average of $39.20. The firm has a market capitalization of $3.22 billion, a P/E ratio of 16.32, a PEG ratio of 1.06 and a beta of 2.13. YETI has a 12-month low of $33.41 and a 12-month high of $45.25. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. YETI had a net margin of 11.15% and a return on equity of 28.31%. Equities analysts forecast that YETI will post 2.37 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Jones Financial Companies Lllp grew its position in shares of YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after purchasing an additional 280 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after purchasing an additional 290 shares during the last quarter. Atria Investments Inc grew its position in shares of YETI by 4.2% in the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock valued at $312,000 after purchasing an additional 328 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of YETI by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after purchasing an additional 332 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after purchasing an additional 333 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.