KeyCorp Has Lowered Expectations for YETI (NYSE:YETI) Stock Price

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

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

YETI Stock Performance

Shares of YETI opened at $37.53 on Wednesday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The firm’s fifty day simple moving average is $39.76 and its two-hundred day simple moving average is $39.41. YETI has a 12 month low of $33.41 and a 12 month high of $49.01. The stock has a market capitalization of $3.18 billion, a P/E ratio of 16.11, a price-to-earnings-growth ratio of 1.37 and a beta of 2.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC lifted its position in shares of 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in 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 acquiring an additional 43,452 shares during the period. Qsemble Capital Management LP boosted its position in 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 bought a new position in YETI in the 3rd quarter valued at $1,415,000. Finally, Schwartz Investment Counsel Inc. increased its position in shares of YETI by 7.5% during the 3rd quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company’s stock valued at $14,859,000 after purchasing an additional 25,300 shares during the last quarter.

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.