YETI (NYSE:YETI) Rating Increased to Sector Weight at KeyCorp

KeyCorp upgraded shares of YETI (NYSE:YETI) from an underweight rating to a sector weight rating in a report released on Thursday morning, Marketbeat.com reports.

A number of other equities research analysts have also recently commented on YETI. Morgan Stanley lowered their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. Robert W. Baird dropped their price target on YETI from $50.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, April 11th. UBS Group decreased 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. Stifel Nicolaus dropped their price objective on shares of YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, April 10th. Finally, Canaccord Genuity Group cut their target price 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. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.14.

YETI Price Performance

Shares of NYSE YETI opened at $27.85 on Thursday. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.31 billion, a PE ratio of 13.52, a PEG ratio of 1.05 and a beta of 2.04. The stock’s 50 day moving average price is $33.60 and its 200-day moving average price is $37.17. YETI has a twelve month low of $26.61 and a twelve month high of $45.25.

YETI (NYSE:YETI) last announced its quarterly earnings data 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 the consensus estimate of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. On average, equities analysts anticipate that YETI will post 2.57 EPS for the current year.

Institutional Investors Weigh In On YETI

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of YETI by 56.2% in the 3rd quarter. FMR LLC now owns 12,037 shares of the company’s stock valued at $494,000 after acquiring an additional 4,329 shares in the last quarter. Stifel Financial Corp increased its position in shares of YETI by 42.5% in the third quarter. Stifel Financial Corp now owns 19,219 shares of the company’s stock worth $789,000 after purchasing an additional 5,731 shares during the last quarter. Geode Capital Management LLC raised its stake in YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after purchasing an additional 7,382 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in YETI during the third quarter valued at approximately $38,000. Finally, Cim Investment Management Inc. purchased a new position in YETI in the 3rd quarter worth approximately $203,000.

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.