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

YETI (NYSE:YETI) had its price objective lowered by analysts at UBS Group from $44.00 to $43.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 15.48% from the company’s previous close.

A number of other equities analysts have also weighed in on YETI. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. KeyCorp dropped their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, TD Cowen decreased their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, YETI currently has a consensus rating of “Hold” and an average price target of $44.69.

YETI Stock Up 0.2 %

YETI opened at $37.24 on Thursday. The business’s fifty day simple moving average is $39.84 and its 200 day simple moving average is $39.33. YETI has a 52 week low of $33.41 and a 52 week high of $49.01. The firm has a market cap of $3.16 billion, a P/E ratio of 15.98, a PEG ratio of 1.07 and a beta of 2.14. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Institutional Trading of YETI

A number of institutional investors and hedge funds have recently made changes to their positions in YETI. SG Americas Securities LLC increased its position in YETI by 42.9% in the fourth quarter. SG Americas Securities LLC now owns 16,604 shares of the company’s stock worth $639,000 after buying an additional 4,981 shares during the period. Fort Washington Investment Advisors Inc. OH increased its holdings in shares of YETI by 6.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 505,530 shares of the company’s stock worth $19,468,000 after acquiring an additional 30,040 shares during the period. Park Avenue Securities LLC bought a new stake in YETI in the 4th quarter valued at about $326,000. Green Alpha Advisors LLC boosted its stake in YETI by 4.6% during the 4th quarter. Green Alpha Advisors LLC now owns 12,464 shares of the company’s stock valued at $480,000 after purchasing an additional 546 shares during the period. Finally, Harbor Capital Advisors Inc. grew its position in YETI by 8.9% in the 4th quarter. Harbor Capital Advisors Inc. now owns 40,092 shares of the company’s stock worth $1,544,000 after purchasing an additional 3,262 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.