YETI (NYSE:YETI) Earns Overweight Rating from Piper Sandler

Piper Sandler reissued their overweight rating on shares of YETI (NYSE:YETI) in a report released on Friday morning,Benzinga reports. The firm currently has a $54.00 target price on the stock, down from their previous target price of $55.00.

Several other equities analysts also recently issued reports on the company. Jefferies Financial Group upped their target price on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Roth Mkm raised their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. TD Cowen increased their price target on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, KeyCorp lifted 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.46.

YETI Stock Up 6.8 %

YETI stock opened at $41.30 on Friday. The company has a quick ratio of 1.22, a current ratio of 2.58 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 stock has a market capitalization of $3.50 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 1.12 and a beta of 2.12. The firm has a 50 day moving average of $38.75 and a 200 day moving average of $39.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YETI. Covestor Ltd raised its stake in shares of YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after buying an additional 343 shares during the period. GAMMA Investing LLC lifted its holdings in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its position in shares of YETI by 1.6% in the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock valued at $1,229,000 after purchasing an additional 465 shares during the period. Arizona State Retirement System increased its stake in shares of YETI by 2.0% during the second quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of YETI by 0.3% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock worth $5,637,000 after purchasing an additional 480 shares during 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.