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

YETI Holdings, Inc. (NYSE:YETI) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $39.40.

YETI has been the subject of several analyst reports. Morgan Stanley upped their price target on shares of YETI from $33.00 to $34.00 and gave the company an “equal weight” rating in a research report on Friday, May 9th. KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a research report on Thursday, April 17th. Piper Sandler cut their price target on shares of YETI from $52.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, May 5th. Robert W. Baird cut their price target on shares of YETI from $50.00 to $40.00 and set an “outperform” rating for the company in a research report on Friday, April 11th. Finally, The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd.

Hedge Funds Weigh In On YETI

A number of institutional investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares in the last quarter. Atria Investments Inc increased its stake in shares of YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock valued at $312,000 after purchasing an additional 328 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after buying an additional 332 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the last quarter. Finally, Xponance Inc. grew its holdings in shares of YETI by 2.6% during the fourth quarter. Xponance Inc. now owns 13,250 shares of the company’s stock valued at $510,000 after buying an additional 340 shares during the last quarter.

YETI Stock Performance

NYSE YETI opened at $31.38 on Wednesday. YETI has a 52-week low of $26.61 and a 52-week high of $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The company has a market capitalization of $2.60 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.05 and a beta of 1.91. The company has a fifty day moving average of $30.51 and a 200-day moving average of $35.65.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $351.13 million during the quarter, compared to the consensus estimate of $347.72 million. During the same period in the previous year, the firm posted $0.34 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that YETI will post 2.57 EPS for the current fiscal year.

About YETI

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.