YETI Holdings, Inc. (NYSE:YETI) Receives Consensus Rating of “Hold” from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETIGet Free Report) have been assigned an average recommendation of “Hold” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $46.80.

Several research firms have commented on YETI. Stifel Nicolaus dropped their target price on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a report on Friday, February 16th. B. Riley lowered their target price on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Raymond James increased their target price on YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (up previously from $52.00) on shares of YETI in a report on Friday, May 10th. Finally, Canaccord Genuity Group increased their target price on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a report on Friday, May 10th.

Read Our Latest Research Report on YETI

Institutional Trading of YETI

Several institutional investors have recently made changes to their positions in the business. Teachers Retirement System of The State of Kentucky grew its position in shares of YETI by 0.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 146,236 shares of the company’s stock worth $5,637,000 after purchasing an additional 480 shares in the last quarter. Cetera Advisors LLC bought a new position in YETI during the first quarter valued at approximately $201,000. Comerica Bank boosted its stake in YETI by 2.7% during the first quarter. Comerica Bank now owns 77,978 shares of the company’s stock valued at $3,006,000 after buying an additional 2,014 shares during the last quarter. Tidal Investments LLC boosted its stake in YETI by 48.5% during the first quarter. Tidal Investments LLC now owns 22,395 shares of the company’s stock valued at $863,000 after buying an additional 7,316 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC bought a new position in YETI during the first quarter valued at approximately $9,341,000.

YETI Price Performance

YETI opened at $42.16 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. YETI has a 52-week low of $33.88 and a 52-week high of $54.15. The stock has a market capitalization of $3.59 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 1.23 and a beta of 2.19. The stock’s 50 day moving average price is $38.11 and its 200-day moving average price is $42.04.

YETI (NYSE:YETIGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The firm had revenue of $341.39 million for the quarter, compared to analysts’ expectations of $333.79 million. On average, equities research analysts predict that YETI will post 2.35 EPS for the current year.

About YETI

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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.

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Analyst Recommendations for YETI (NYSE:YETI)

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