Weiss Ratings Reiterates Hold (C) Rating for YETI (NYSE:YETI)

YETI (NYSE:YETI)‘s stock had its “hold (c)” rating reiterated by investment analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

YETI has been the topic of a number of other research reports. Stifel Nicolaus raised their price objective on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a report on Friday, August 8th. Raymond James Financial restated an “outperform” rating and issued a $37.00 price objective (up previously from $34.00) on shares of YETI in a report on Friday, August 8th. Morgan Stanley reaffirmed a “cautious” rating on shares of YETI in a research note on Monday, August 11th. UBS Group raised their target price on YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Cowen reaffirmed a “hold” rating on shares of YETI in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.54.

YETI Trading Down 1.3%

Shares of NYSE:YETI opened at $33.18 on Wednesday. YETI has a 1 year low of $26.61 and a 1 year high of $45.25. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 2.37 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The business’s 50 day moving average price is $34.84 and its 200-day moving average price is $32.53.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter last year, the firm posted $0.70 EPS. The business’s revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. On average, equities research analysts forecast that YETI will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

A number of hedge funds and other institutional investors have recently bought and sold shares of YETI. GAMMA Investing LLC boosted its holdings in YETI by 1,410.2% during the 1st quarter. GAMMA Investing LLC now owns 18,304 shares of the company’s stock valued at $553,000 after acquiring an additional 17,092 shares during the period. Merit Financial Group LLC purchased a new position in YETI during the 1st quarter valued at about $507,000. Pallas Capital Advisors LLC purchased a new position in YETI during the 1st quarter valued at about $556,000. Harbor Capital Advisors Inc. boosted its holdings in YETI by 205.5% during the 1st quarter. Harbor Capital Advisors Inc. now owns 122,499 shares of the company’s stock valued at $4,055,000 after acquiring an additional 82,407 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in YETI by 167.3% during the 1st quarter. SG Americas Securities LLC now owns 44,385 shares of the company’s stock valued at $1,469,000 after acquiring an additional 27,781 shares during the period.

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.