UBS Group Issues Positive Forecast for YETI (NYSE:YETI) Stock Price

YETI (NYSE:YETI) had its price objective increased by research analysts at UBS Group from $35.00 to $38.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 6.35% from the company’s current price.

YETI has been the topic of several other research reports. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Morgan Stanley increased their price objective on shares of YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Jefferies Financial Group restated a “buy” rating on shares of YETI in a research report on Tuesday, September 16th. Cowen reissued a “hold” rating on shares of YETI in a research note on Friday, August 8th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of YETI in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.83.

YETI Price Performance

Shares of YETI stock traded up $0.60 during trading hours on Friday, reaching $35.73. The company’s stock had a trading volume of 1,336,221 shares, compared to its average volume of 2,026,990. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. YETI has a one year low of $26.61 and a one year high of $45.25. The firm has a 50 day moving average price of $34.61 and a 200-day moving average price of $33.07. The stock has a market cap of $2.90 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.36 and a beta of 1.89.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The business had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. YETI had a return on equity of 24.60% and a net margin of 9.73%.The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, analysts predict that YETI will post 2.57 EPS for the current year.

Institutional Investors Weigh In On YETI

A number of hedge funds have recently made changes to their positions in the stock. Homestead Advisers Corp grew its holdings in YETI by 15.2% in the first quarter. Homestead Advisers Corp now owns 95,300 shares of the company’s stock worth $3,154,000 after purchasing an additional 12,600 shares during the last quarter. Jump Financial LLC grew its stake in shares of YETI by 66.8% during the first quarter. Jump Financial LLC now owns 36,061 shares of the company’s stock worth $1,194,000 after acquiring an additional 14,437 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of YETI by 44.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company’s stock valued at $10,627,000 after purchasing an additional 98,884 shares during the last quarter. Inspire Advisors LLC acquired a new stake in YETI in the 1st quarter worth approximately $628,000. Finally, Cerity Partners LLC acquired a new position in YETI during the 1st quarter valued at approximately $1,040,000.

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.