YETI (NYSE:YETI) Earns Hold Rating from Canaccord Genuity Group

YETI (NYSE:YETI)‘s stock had its “hold” rating reissued by research analysts at Canaccord Genuity Group in a report issued on Thursday,Benzinga reports. They currently have a $44.00 price target on the stock. Canaccord Genuity Group’s price target points to a potential upside of 11.11% from the stock’s current price.

YETI has been the topic of a number of other research reports. TD Cowen cut their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday. KeyCorp boosted their target price on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Roth Mkm upped their target price on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $45.46.

YETI Trading Down 2.6 %

YETI traded down $1.05 on Thursday, hitting $39.60. The company had a trading volume of 530,819 shares, compared to its average volume of 1,621,534. YETI has a 12-month low of $33.41 and a 12-month high of $54.15. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. The business’s fifty day simple moving average is $38.84 and its 200 day simple moving average is $39.24. The company has a market cap of $3.36 billion, a PE ratio of 16.92, a PEG ratio of 1.20 and a beta of 2.12.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. SG Americas Securities LLC raised its stake in YETI by 259.4% in the first quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock valued at $816,000 after buying an additional 15,280 shares during the last quarter. BOKF NA boosted its stake in YETI by 12,075.3% in the 1st quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after purchasing an additional 18,113 shares in the last quarter. Janus Henderson Group PLC increased its stake in YETI by 65.8% during the 1st quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after purchasing an additional 27,076 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of YETI by 26,657.7% in the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after buying an additional 43,452 shares during the last quarter. Finally, Schwartz Investment Counsel Inc. lifted its stake in shares of YETI by 7.5% during the third quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company’s stock worth $14,859,000 after buying an additional 25,300 shares during the period.

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.