YETI (NYSE:YETI) Given New $43.00 Price Target at UBS Group

YETI (NYSE:YETI) had its price objective lowered by UBS Group from $44.00 to $43.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts have also issued research reports about the company. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Thursday, November 14th. KeyCorp lowered their target price 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. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, TD Cowen lowered their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, YETI currently has an average rating of “Hold” and an average price target of $44.69.

YETI Stock Up 0.8 %

YETI stock opened at $37.15 on Thursday. The firm has a market cap of $3.15 billion, a PE ratio of 15.94, a PEG ratio of 1.07 and a beta of 2.14. YETI has a one year low of $33.41 and a one year high of $49.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The firm’s 50 day moving average price is $39.87 and its 200-day moving average price is $39.33.

Institutional Trading of YETI

A number of large investors have recently modified their holdings of YETI. V Square Quantitative Management LLC purchased a new position in YETI in the third quarter valued at $26,000. Blue Trust Inc. raised its position in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in YETI in the 3rd quarter valued at about $38,000. GAMMA Investing LLC boosted its stake in shares of YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after buying an additional 423 shares during the period. Finally, Exchange Traded Concepts LLC grew its position in shares of YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after buying an additional 500 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.