YETI’s (YETI) “Outperform” Rating Reiterated at William Blair

YETI (NYSE:YETI)‘s stock had its “outperform” rating restated by William Blair in a research note issued to investors on Wednesday, Zacks.com reports.

Several other equities analysts have also recently commented on the stock. Raymond James lowered their target price on shares of YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, February 16th. Canaccord Genuity Group cut shares of YETI from a “buy” rating to a “hold” rating and raised their target price for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Canaccord Genuity Group lowered their target price on shares of YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, April 5th. B. Riley lowered their target price on shares of YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Finally, Stifel Nicolaus dropped their target price on shares of YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, YETI currently has an average rating of “Hold” and a consensus target price of $48.00.

YETI Stock Up 0.6 %

YETI stock opened at $34.61 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The firm’s 50-day simple moving average is $37.82 and its 200 day simple moving average is $42.41. The stock has a market cap of $2.95 billion, a PE ratio of 17.75, a price-to-earnings-growth ratio of 1.35 and a beta of 2.26.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). The firm had revenue of $519.79 million during the quarter, compared to analyst estimates of $535.99 million. YETI had a return on equity of 27.99% and a net margin of 10.24%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. As a group, sell-side analysts predict that YETI will post 2.27 EPS for the current year.

Hedge Funds Weigh In On YETI

Institutional investors and hedge funds have recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC boosted its stake in shares of YETI by 26.9% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 77,251 shares of the company’s stock worth $2,978,000 after acquiring an additional 16,387 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of YETI during the 1st quarter worth about $288,000. Fidelis Capital Partners LLC bought a new stake in shares of YETI during the 1st quarter worth about $35,000. BNP Paribas Financial Markets boosted its stake in shares of YETI by 319.4% during the 1st quarter. BNP Paribas Financial Markets now owns 158,092 shares of the company’s stock worth $6,094,000 after acquiring an additional 120,397 shares in the last quarter. Finally, Parthenon LLC boosted its stake in shares of YETI by 1.8% during the 1st quarter. Parthenon LLC now owns 223,485 shares of the company’s stock worth $8,615,000 after acquiring an additional 3,870 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.