Canaccord Genuity Group Reiterates Hold Rating for YETI (NYSE:YETI)

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

Other research analysts also recently issued reports about the company. Piper Sandler reiterated an “overweight” rating and set a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Roth Mkm boosted their price objective on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. B. Riley raised their target price on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, Jefferies Financial Group boosted their price target on shares of YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $45.46.

YETI Trading Down 1.4 %

YETI opened at $38.16 on Thursday. The stock has a market capitalization of $3.24 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.10 and a beta of 2.12. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. YETI has a 12 month low of $33.41 and a 12 month high of $54.15. The firm’s fifty day simple moving average is $38.87 and its 200 day simple moving average is $39.31.

Institutional Trading of YETI

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC raised its stake in YETI by 259.4% in the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after acquiring an additional 15,280 shares during the period. Swiss National Bank grew its stake in YETI by 0.3% in the 1st quarter. Swiss National Bank now owns 171,400 shares of the company’s stock valued at $6,607,000 after buying an additional 500 shares during the last quarter. Headlands Technologies LLC bought a new position in YETI in the 1st quarter valued at about $76,000. State Board of Administration of Florida Retirement System lifted its position in YETI by 5.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 92,639 shares of the company’s stock worth $3,706,000 after acquiring an additional 4,920 shares during the last quarter. Finally, Vanguard Group Inc. grew 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 purchasing an additional 57,582 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.