YETI (NYSE:YETI) Raised to “Buy” at Roth Mkm

YETI (NYSE:YETI) was upgraded by analysts at Roth Mkm from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm currently has a $60.00 target price on the stock. Roth Mkm’s price target would suggest a potential upside of 24.85% from the stock’s current price.

A number of other equities research analysts also recently issued reports on YETI. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, January 21st. The Goldman Sachs Group restated a “neutral” rating and set a $45.00 target price on shares of YETI in a research report on Tuesday, January 27th. Canaccord Genuity Group increased their price target on shares of YETI from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, January 8th. B. Riley Financial reissued a “neutral” rating and set a $35.00 price target (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Finally, UBS Group raised their target price on shares of YETI from $38.00 to $51.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 14th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, YETI currently has an average rating of “Moderate Buy” and a consensus price target of $45.62.

YETI Stock Performance

Shares of YETI opened at $48.06 on Tuesday. The firm has a market capitalization of $3.74 billion, a P/E ratio of 25.03, a PEG ratio of 2.64 and a beta of 1.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. YETI has a one year low of $26.61 and a one year high of $51.29. The business has a fifty day moving average of $46.55 and a 200 day moving average of $39.60.

Insider Activity at YETI

In related news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the transaction, the senior vice president owned 56,397 shares of the company’s stock, valued at $2,555,912.04. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.08% of the company’s stock.

Hedge Funds Weigh In On YETI

A number of hedge funds have recently added to or reduced their stakes in the stock. Reinhart Partners LLC. increased its stake in shares of YETI by 24.2% during the third quarter. Reinhart Partners LLC. now owns 2,661,920 shares of the company’s stock valued at $88,323,000 after buying an additional 519,102 shares during the period. Level Four Advisory Services LLC grew its holdings in YETI by 26.6% during the 2nd quarter. Level Four Advisory Services LLC now owns 50,302 shares of the company’s stock worth $1,586,000 after acquiring an additional 10,577 shares in the last quarter. Cardinal Capital Management purchased a new position in YETI during the 3rd quarter valued at about $1,077,000. Sequoia Financial Advisors LLC purchased a new position in YETI during the 2nd quarter valued at about $253,000. Finally, Lecap Asset Management Ltd. bought a new stake in shares of YETI in the 3rd quarter valued at about $744,000.

YETI Company Profile

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.