YETI (NYSE:YETI) Price Target Cut to $35.00 by Analysts at KeyCorp

YETI (NYSE:YETI) had its target price lowered by equities research analysts at KeyCorp from $36.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the stock. KeyCorp’s price target would indicate a potential downside of 6.74% from the company’s previous close.

A number of other equities research analysts also recently weighed in on YETI. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. TD Cowen lowered their target price on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Finally, Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.83.

YETI Trading Down 0.9 %

NYSE:YETI traded down $0.34 during trading hours on Wednesday, hitting $37.53. The stock had a trading volume of 1,361,855 shares, compared to its average volume of 1,281,809. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The company has a market cap of $3.18 billion, a price-to-earnings ratio of 16.11, a P/E/G ratio of 1.37 and a beta of 2.14. The business’s 50 day moving average is $39.72 and its 200-day moving average is $39.42. YETI has a one year low of $33.41 and a one year high of $49.01.

Institutional Investors Weigh In On YETI

Several hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in YETI by 17.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock valued at $716,000 after acquiring an additional 2,769 shares during the period. Arizona State Retirement System grew its stake in shares of YETI by 2.0% in the second quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after acquiring an additional 468 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of YETI during the second quarter valued at $42,000. Choreo LLC purchased a new position in YETI in the second quarter worth about $561,000. Finally, Headlands Technologies LLC grew its holdings in shares of YETI by 48.4% during the second quarter. Headlands Technologies LLC now owns 2,909 shares of the company’s stock valued at $111,000 after buying an additional 949 shares during the last quarter.

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.