YETI (NYSE:YETI) Price Target Cut to $80.00 by Analysts at Credit Suisse Group

Posted by on Aug 2nd, 2022

YETI (NYSE:YETI – Get Rating) had its target price reduced by stock analysts at Credit Suisse Group from $95.00 to $80.00 in a research note issued on Monday, The Fly reports. The firm presently has a “maintains” rating on the stock. Credit Suisse Group’s price objective would indicate a potential upside of 54.53% from the stock’s current price.

YETI has been the subject of several other research reports. Berenberg Bank upgraded shares of YETI from a “hold” rating to a “buy” rating and lowered their price target for the stock from $103.00 to $92.00 in a report on Thursday, April 7th. UBS Group upped their target price on shares of YETI to $53.00 in a report on Friday, July 22nd. Citigroup lowered their target price on shares of YETI from $83.00 to $65.00 in a report on Thursday, May 12th. Morgan Stanley lowered their target price on shares of YETI from $64.00 to $60.00 in a report on Thursday, May 12th. Finally, Cowen lowered their target price on shares of YETI from $89.00 to $71.00 in a report on Thursday, May 12th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $72.19.

YETI Trading Down 0.2 %

Shares of YETI stock traded down $0.09 on Monday, reaching $51.77. The company had a trading volume of 42,647 shares, compared to its average volume of 1,006,486. The firm’s 50 day moving average price is $45.81 and its two-hundred day moving average price is $53.77. The firm has a market cap of $4.46 billion, a PE ratio of 22.01, a PEG ratio of 1.15 and a beta of 2.42. YETI has a 52-week low of $38.77 and a 52-week high of $108.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.64 and a current ratio of 1.82.

YETI (NYSE:YETI – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $293.63 million during the quarter, compared to analysts’ expectations of $290.13 million. YETI had a net margin of 14.26% and a return on equity of 47.22%. During the same quarter in the previous year, the business posted $0.35 earnings per share. Sell-side analysts predict that YETI will post 2.71 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

Large investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in YETI in the 4th quarter valued at about $26,000. Spire Wealth Management acquired a new stake in shares of YETI during the 2nd quarter worth about $27,000. UMB Bank N A MO acquired a new stake in shares of YETI during the 4th quarter worth about $28,000. Cordasco Financial Network boosted its stake in shares of YETI by 333.3% during the 2nd quarter. Cordasco Financial Network now owns 650 shares of the company’s stock worth $28,000 after purchasing an additional 500 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of YETI by 79.3% during the 1st quarter. Fifth Third Bancorp now owns 579 shares of the company’s stock worth $35,000 after purchasing an additional 256 shares during the last quarter. 96.33% of the stock is owned by institutional investors and hedge funds.

About YETI

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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