YETI (NYSE:YETI) Given New $35.00 Price Target at KeyCorp

YETI (NYSE:YETI) had its price target lowered by KeyCorp from $36.00 to $35.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an underweight rating on the stock.

YETI has been the topic of several other reports. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $44.00 price target on shares of YETI in a research note on Thursday, November 14th. TD Cowen decreased their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $44.83.

YETI Stock Performance

NYSE YETI opened at $37.53 on Wednesday. YETI has a 52-week low of $33.41 and a 52-week high of $49.01. The stock has a market cap of $3.18 billion, a PE ratio of 16.11, a P/E/G ratio of 1.37 and a beta of 2.14. The firm has a 50-day moving average of $39.76 and a 200-day moving average of $39.41. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

Institutional Trading of YETI

Hedge funds have recently made changes to their positions in the company. Algert Global LLC boosted its position in YETI by 443.0% during the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after buying an additional 38,793 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of YETI by 26,657.7% during the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after purchasing an additional 43,452 shares during the period. Qsemble Capital Management LP grew its stake in shares of YETI by 320.3% in the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after purchasing an additional 20,253 shares during the last quarter. Intech Investment Management LLC acquired a new stake in YETI in the third quarter valued at $1,415,000. Finally, Schwartz Investment Counsel Inc. lifted its holdings in YETI by 7.5% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company’s stock worth $14,859,000 after buying an additional 25,300 shares during the period.

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.