KeyCorp Boosts YETI (NYSE:YETI) Price Target to $94.00

YETI (NYSE:YETI) had its target price increased by KeyCorp from $80.00 to $94.00 in a research report released on Friday morning, The Fly reports. The firm currently has an overweight rating on the stock.

A number of other analysts have also recently issued reports on YETI. Credit Suisse Group assumed coverage on YETI in a report on Tuesday, April 13th. They set an outperform rating and a $85.00 price objective on the stock. Morgan Stanley raised their price target on YETI from $60.00 to $66.00 and gave the company an equal weight rating in a report on Friday, February 12th. TheStreet raised YETI from a c+ rating to a b- rating in a report on Friday, March 5th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their price objective on YETI from $91.00 to $101.00 and gave the company a buy rating in a research report on Wednesday, April 28th. Finally, Smith Barney Citigroup lowered YETI from a buy rating to a neutral rating in a research report on Friday, January 15th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $84.00.

Shares of NYSE YETI opened at $88.55 on Friday. YETI has a one year low of $25.38 and a one year high of $90.65. The company has a debt-to-equity ratio of 1.60, a current ratio of 2.80 and a quick ratio of 1.74. The business’s fifty day moving average price is $82.05 and its 200-day moving average price is $71.22. The stock has a market capitalization of $7.72 billion, a PE ratio of 113.53, a P/E/G ratio of 2.66 and a beta of 2.80.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, May 13th. The company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.17. YETI had a return on equity of 84.63% and a net margin of 7.17%. The firm had revenue of $247.60 million for the quarter, compared to analysts’ expectations of $218.11 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 42.0% compared to the same quarter last year. As a group, equities analysts expect that YETI will post 1.37 EPS for the current fiscal year.

In other YETI news, Director Roy J. Seiders sold 390 shares of the business’s stock in a transaction dated Monday, February 22nd. The stock was sold at an average price of $75.15, for a total transaction of $29,308.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Hollie Sammons Castro sold 3,045 shares of the business’s stock in a transaction dated Tuesday, February 16th. The shares were sold at an average price of $73.19, for a total value of $222,863.55. Following the completion of the transaction, the senior vice president now owns 30,124 shares in the company, valued at $2,204,775.56. The disclosure for this sale can be found here. Insiders sold 87,264 shares of company stock valued at $6,525,142 in the last ninety days. 10.70% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. MML Investors Services LLC raised its holdings in shares of YETI by 8.0% during the 1st quarter. MML Investors Services LLC now owns 8,402 shares of the company’s stock worth $607,000 after acquiring an additional 625 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in YETI by 18.3% during the 1st quarter. Stephens Investment Management Group LLC now owns 268,296 shares of the company’s stock valued at $19,374,000 after buying an additional 41,532 shares during the period. Stephens Inc. AR purchased a new stake in YETI during the 1st quarter valued at $418,000. Capital International Investors raised its holdings in YETI by 37.5% during the 1st quarter. Capital International Investors now owns 1,073,312 shares of the company’s stock valued at $77,504,000 after buying an additional 292,612 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in YETI during the 1st quarter valued at $698,000. 93.49% 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. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, tumblers, mugs, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

See Also: Net Income

The Fly

Analyst Recommendations for YETI (NYSE:YETI)

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