TD Cowen Lowers YETI (NYSE:YETI) Price Target to $44.00

YETI (NYSE:YETI) had its target price decreased by TD Cowen from $46.00 to $44.00 in a report published on Monday,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Other equities analysts have also issued research reports about the stock. Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Citigroup lowered their price target on YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Piper Sandler restated an “overweight” rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a report on Monday, September 30th. Finally, Jefferies Financial Group raised their price target on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $45.46.

YETI Trading Down 1.8 %

Shares of YETI stock opened at $40.64 on Monday. The firm’s 50-day simple moving average is $38.84 and its 200-day simple moving average is $39.24. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI has a 1-year low of $33.41 and a 1-year high of $54.15. The firm has a market cap of $3.45 billion, a P/E ratio of 17.44, a PEG ratio of 1.20 and a beta of 2.12.

Institutional Trading of YETI

Several large investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of YETI by 62.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 49,494 shares of the company’s stock worth $2,031,000 after acquiring an additional 19,000 shares in the last quarter. Blueshift Asset Management LLC purchased a new stake in YETI during the 3rd quarter worth approximately $280,000. Townsquare Capital LLC raised its position in shares of YETI by 25.5% in the 3rd quarter. Townsquare Capital LLC now owns 52,847 shares of the company’s stock valued at $2,168,000 after purchasing an additional 10,750 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of YETI by 92.9% during the third quarter. BNP Paribas Financial Markets now owns 264,838 shares of the company’s stock worth $10,866,000 after buying an additional 127,518 shares in the last quarter. Finally, FMR LLC grew its position in shares of YETI by 56.2% during the third quarter. FMR LLC now owns 12,037 shares of the company’s stock worth $494,000 after buying an additional 4,329 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.