Yeti (YETI) PT Raised to $40.00

Yeti (NYSE:YETI) had its price objective boosted by equities researchers at Jefferies Financial Group from $35.00 to $40.00 in a report issued on Friday, March 22nd, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 24.84% from the stock’s previous close.

YETI has been the topic of a number of other reports. Morgan Stanley restated an “overweight” rating on shares of Yeti in a report on Friday, February 15th. Robert W. Baird raised their price target on shares of Yeti from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Stifel Nicolaus increased their price objective on shares of Yeti from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, March 8th. Zacks Investment Research reaffirmed a “sell” rating on shares of Yeti in a research report on Saturday, January 26th. Finally, Bank of America reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Yeti in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $27.07.

Yeti stock traded up $1.09 during midday trading on Friday, hitting $32.04. 689,845 shares of the company’s stock were exchanged, compared to its average volume of 1,488,752. Yeti has a 12 month low of $12.40 and a 12 month high of $34.43. The stock has a market cap of $2.61 billion and a price-to-earnings ratio of 41.08.

Yeti (NYSE:YETI) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $241.20 million during the quarter, compared to the consensus estimate of $226.45 million. The business’s quarterly revenue was up 19.3% on a year-over-year basis. Research analysts predict that Yeti will post 0.92 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. purchased a new position in Yeti during the 4th quarter worth approximately $30,000. Legal & General Group Plc purchased a new position in Yeti during the 4th quarter worth approximately $40,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Yeti during the 4th quarter worth approximately $43,000. Advisor Group Inc. acquired a new stake in shares of Yeti during the 4th quarter worth approximately $59,000. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Yeti during the 4th quarter worth approximately $62,000. 22.68% of the stock is owned by institutional investors.

Yeti Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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Analyst Recommendations for Yeti (NYSE:YETI)

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