Cowen set a $38.00 target price on Yeti (NYSE:YETI) in a report published on Wednesday, TipRanks reports. The firm currently has a buy rating on the stock.
Several other research firms also recently commented on YETI. Zacks Investment Research upgraded shares of Yeti from a hold rating to a strong-buy rating and set a $32.00 price target for the company in a research report on Saturday, October 5th. Raymond James upped their price target on shares of Yeti from $35.00 to $36.00 and gave the company an outperform rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $29.65.
YETI stock opened at $31.79 on Wednesday. The company has a fifty day moving average price of $28.61 and a 200 day moving average price of $29.52. Yeti has a 12 month low of $12.40 and a 12 month high of $38.11. The company has a market cap of $2.70 billion and a price-to-earnings ratio of 40.76. The company has a debt-to-equity ratio of 4.12, a current ratio of 1.58 and a quick ratio of 0.66.
Yeti (NYSE:YETI) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.27 by $0.06. Yeti had a net margin of 8.08% and a return on equity of 333.94%. The firm had revenue of $231.70 million during the quarter, compared to the consensus estimate of $226.22 million. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, analysts anticipate that Yeti will post 0.96 earnings per share for the current year.
In other Yeti news, SVP Bryan C. Barksdale sold 14,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $28.02, for a total transaction of $392,280.00. 10.70% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in the business. Sit Investment Associates Inc. purchased a new position in shares of Yeti in the 1st quarter valued at about $1,596,000. Ocean Capital Management LLC purchased a new position in shares of Yeti in the 1st quarter valued at about $414,000. First Trust Advisors LP purchased a new position in shares of Yeti in the 1st quarter valued at about $2,135,000. Oliver Luxxe Assets LLC purchased a new position in shares of Yeti in the 2nd quarter valued at about $230,000. Finally, Rothschild Investment Corp IL purchased a new position in shares of Yeti in the 2nd quarter valued at about $5,035,000. Institutional investors own 46.63% of the company’s stock.
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.
Further Reading: What member countries make up the G-20?
Receive News & Ratings for Yeti Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yeti and related companies with MarketBeat.com's FREE daily email newsletter.