YETI (NYSE:YETI) Given “Hold” Rating at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their hold rating on shares of YETI (NYSE:YETI) in a report published on Thursday,Benzinga reports. They currently have a $44.00 price target on the stock.

YETI has been the subject of several other research reports. KeyCorp increased their price objective 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. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Jefferies Financial Group boosted their price objective on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Citigroup cut their price target on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, Roth Mkm upped their price objective on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.46.

YETI Price Performance

YETI stock traded down $0.63 during midday trading on Thursday, reaching $38.09. The company’s stock had a trading volume of 821,867 shares, compared to its average volume of 1,625,518. The stock has a market cap of $3.23 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 1.18 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 52 week low of $33.41 and a 52 week high of $54.15. The business has a 50-day moving average price of $38.86 and a 200-day moving average price of $39.24.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC lifted its position in shares of YETI by 259.4% during 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 shares of 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 period. Headlands Technologies LLC bought a new stake in YETI in the 1st quarter valued at about $76,000. State Board of Administration of Florida Retirement System grew its position in YETI by 5.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 92,639 shares of the company’s stock valued at $3,706,000 after purchasing an additional 4,920 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of YETI by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock worth $318,690,000 after acquiring an additional 57,582 shares in 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.