Canaccord Genuity Group reiterated their hold rating on shares of YETI (NYSE:YETI – Free Report) in a report published on Thursday morning,Benzinga reports. Canaccord Genuity Group currently has a $44.00 price objective on the stock.
Several other research analysts also recently commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. KeyCorp lifted their target price on shares of YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. B. Riley increased their price target on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Finally, TD Cowen decreased their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.46.
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YETI Price Performance
Institutional Investors Weigh In On YETI
Several hedge funds have recently made changes to their positions in YETI. Capital Research Global Investors boosted its holdings in shares of YETI by 2.4% during the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after buying an additional 248,680 shares in the last quarter. Vanguard Group Inc. lifted its position in YETI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock valued at $318,690,000 after acquiring an additional 57,582 shares during the period. American Century Companies Inc. boosted its stake in YETI by 311.4% during the second quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Van Berkom & Associates Inc. grew its holdings in YETI by 5.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock worth $73,196,000 after purchasing an additional 105,859 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after purchasing an additional 179,005 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.
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