KeyCorp Has Lowered Expectations for YETI (NYSE:YETI) Stock Price

YETI (NYSE:YETI) had its price objective decreased by KeyCorp from $36.00 to $35.00 in a report published on Wednesday morning,Benzinga reports. KeyCorp currently has an underweight rating on the stock.

Other analysts also recently issued research reports about the stock. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Finally, TD Cowen decreased their price target on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $44.83.

YETI Stock Up 1.9 %

Shares of NYSE:YETI opened at $38.15 on Wednesday. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 1.37 and a beta of 2.14. YETI has a 12-month low of $33.41 and a 12-month high of $49.01. The business has a 50-day moving average price of $39.81 and a 200 day moving average price of $39.39. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Central Pacific Bank Trust Division grew its position in shares of YETI by 6.7% during the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after acquiring an additional 290 shares during the last quarter. Covestor Ltd grew its position in YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after purchasing an additional 343 shares during the last quarter. Peloton Wealth Strategists increased its stake in YETI by 0.4% in the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock valued at $3,540,000 after purchasing an additional 350 shares during the period. GAMMA Investing LLC raised its holdings in shares of YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after buying an additional 423 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co boosted its stake in shares of YETI by 1.6% during the third quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock worth $1,229,000 after buying an additional 465 shares during the period.

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.