YETI (NYSE:YETI) Given Hold Rating at Canaccord Genuity Group

YETI (NYSE:YETI)‘s stock had its “hold” rating reissued by equities research analysts at Canaccord Genuity Group in a report released on Monday, Benzinga reports. They currently have a $44.00 price objective on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 6.64% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Roth Mkm increased their price objective on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 target price on shares of YETI in a report on Tuesday, July 30th. KeyCorp upped their price target 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. TD Cowen raised their price target on YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Citigroup decreased their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.43.

YETI Stock Performance

Shares of YETI traded up $0.58 during mid-day trading on Monday, reaching $41.26. 344,686 shares of the company’s stock traded hands, compared to its average volume of 1,602,938. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. The stock has a market capitalization of $3.49 billion, a P/E ratio of 20.66, a price-to-earnings-growth ratio of 1.18 and a beta of 2.11. YETI has a 12 month low of $33.88 and a 12 month high of $54.15. The business’s 50-day moving average price is $39.46 and its 200-day moving average price is $38.92.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. YETI had a net margin of 10.66% and a return on equity of 28.83%. The business had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. During the same quarter in the previous year, the business earned $0.51 EPS. YETI’s quarterly revenue was up 15.1% compared to the same quarter last year. Equities analysts predict that YETI will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in YETI. SG Americas Securities LLC grew its stake in YETI by 259.4% in the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after acquiring an additional 15,280 shares during the period. Congress Asset Management Co. MA boosted its holdings in YETI by 7.7% in the first quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock worth $30,489,000 after purchasing an additional 56,881 shares during the period. BOKF NA raised its stake in YETI by 12,075.3% during the first quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after acquiring an additional 18,113 shares during the period. Azzad Asset Management Inc. ADV grew its position in shares of YETI by 97.8% during the first quarter. Azzad Asset Management Inc. ADV now owns 51,760 shares of the company’s stock worth $1,995,000 after acquiring an additional 25,592 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of YETI by 65.8% during the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock valued at $2,630,000 after buying an additional 27,076 shares during the last quarter.

YETI Company Profile

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.