Yeti (NYSE:YETI) had its price target boosted by Robert W. Baird from $48.00 to $60.00 in a research report released on Monday, The Fly reports. Robert W. Baird currently has an outperform rating on the stock.

YETI has been the subject of several other reports. Raymond James upped their target price on shares of Yeti from $39.00 to $56.00 and gave the company an outperform rating in a research note on Friday, August 7th. TheStreet raised shares of Yeti from a d rating to a c- rating in a research report on Tuesday, May 12th. Cowen lifted their target price on Yeti from $31.00 to $41.00 in a research report on Wednesday, June 10th. Piper Sandler increased their price target on Yeti from $35.00 to $47.00 and gave the company an overweight rating in a report on Tuesday, June 23rd. Finally, KeyCorp raised their price objective on Yeti from $38.00 to $56.00 and gave the company an overweight rating in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $47.86.

Shares of NYSE YETI opened at $49.42 on Monday. The company has a debt-to-equity ratio of 1.83, a current ratio of 2.80 and a quick ratio of 1.74. Yeti has a 1-year low of $15.28 and a 1-year high of $55.04. The company has a market capitalization of $4.35 billion, a price-to-earnings ratio of 63.36, a PEG ratio of 3.23 and a beta of 2.92. The business has a 50-day moving average of $44.95 and a 200-day moving average of $32.83.

Yeti (NYSE:YETI) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.16 by $0.25. Yeti had a return on equity of 84.63% and a net margin of 7.17%. The firm had revenue of $246.90 million for the quarter, compared to analyst estimates of $188.55 million. During the same period in the previous year, the company posted $0.30 EPS. Yeti’s revenue for the quarter was up 6.6% on a year-over-year basis. Research analysts expect that Yeti will post 0.97 EPS for the current fiscal year.

In related news, SVP Bryan C. Barksdale sold 14,070 shares of Yeti stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $33.34, for a total value of $469,093.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roy J. Seiders sold 436,318 shares of Yeti stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $32.32, for a total value of $14,101,797.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 492,058 shares of company stock worth $16,142,239. 10.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP purchased a new stake in Yeti in the first quarter worth $2,135,000. Bank of New York Mellon Corp lifted its stake in Yeti by 38.8% in the fourth quarter. Bank of New York Mellon Corp now owns 185,484 shares of the company’s stock worth $6,450,000 after purchasing an additional 51,878 shares during the last quarter. Geode Capital Management LLC boosted its position in Yeti by 52.4% during the fourth quarter. Geode Capital Management LLC now owns 455,612 shares of the company’s stock valued at $15,846,000 after buying an additional 156,687 shares during the period. Norges Bank bought a new position in shares of Yeti during the fourth quarter valued at about $2,435,000. Finally, Macquarie Group Ltd. increased its holdings in shares of Yeti by 10.7% in the fourth quarter. Macquarie Group Ltd. now owns 3,151,797 shares of the company’s stock worth $109,619,000 after buying an additional 303,628 shares during the period. 69.95% of the stock is currently 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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