YETI Holdings, Inc. (NYSE:YETI) Given Consensus Recommendation of “Hold” by Analysts

YETI Holdings, Inc. (NYSE:YETI) has earned an average recommendation of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $38.3333.

A number of research firms have recently issued reports on YETI. Stifel Nicolaus increased their target price on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, August 8th. B. Riley restated a “neutral” rating and issued a $35.00 price target (up previously from $32.00) on shares of YETI in a report on Monday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Raymond James Financial reissued an “outperform” rating and set a $37.00 target price (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Finally, Jefferies Financial Group restated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th.

Institutional Trading of YETI

Several large investors have recently modified their holdings of the business. Engaged Capital LLC acquired a new position in shares of YETI in the first quarter worth about $51,090,000. Westwood Holdings Group Inc. increased its holdings in YETI by 110.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after purchasing an additional 1,314,878 shares during the last quarter. AQR Capital Management LLC raised its position in shares of YETI by 780.9% in the 1st quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after purchasing an additional 1,280,622 shares in the last quarter. Reinhart Partners LLC. boosted its stake in shares of YETI by 101.6% during the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after buying an additional 1,080,072 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of YETI during the 2nd quarter valued at approximately $32,995,000.

YETI Stock Performance

Shares of YETI stock opened at $38.42 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.99 billion, a PE ratio of 20.01, a P/E/G ratio of 2.36 and a beta of 1.89. The company’s fifty day simple moving average is $34.73 and its 200-day simple moving average is $33.32. YETI has a 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The firm had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. During the same period in the prior year, the firm earned $0.71 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, equities research analysts anticipate that YETI will post 2.57 EPS for the current 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.