Stifel Nicolaus Cuts YETI (NYSE:YETI) Price Target to $34.00

YETI (NYSE:YETI) had its target price dropped by stock analysts at Stifel Nicolaus from $40.00 to $34.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 16.56% from the stock’s current price.

A number of other equities research analysts also recently weighed in on YETI. Canaccord Genuity Group dropped their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Friday, February 14th. Finally, UBS Group cut their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, YETI has an average rating of “Hold” and an average target price of $44.00.

YETI Price Performance

YETI stock opened at $29.17 on Thursday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 14.16, a PEG ratio of 1.05 and a beta of 2.04. The stock’s 50 day moving average is $34.30 and its 200-day moving average is $37.50. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI has a 12 month low of $26.66 and a 12 month high of $45.25.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. Equities research analysts expect that YETI will post 2.57 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of YETI. Allworth Financial LP raised its position in shares of YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in YETI in the third quarter valued at $38,000. Aster Capital Management DIFC Ltd acquired a new position in shares of YETI in the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in YETI during the fourth quarter worth approximately $45,000. Finally, Blue Trust Inc. increased its holdings in YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after purchasing an additional 333 shares in 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.