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

YETI Holdings, Inc. (NYSE:YETI) has received an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $46.80.

Several brokerages have issued reports on YETI. William Blair reiterated an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. B. Riley dropped their target price on shares of YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Piper Sandler reiterated an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of YETI in a report on Friday, May 10th. Raymond James increased their target price on shares of YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Canaccord Genuity Group increased their target price on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, May 10th.

Institutional Trading of YETI

A number of institutional investors have recently bought and sold shares of the stock. Beacon Pointe Advisors LLC boosted its stake in YETI by 1.1% in the 4th quarter. Beacon Pointe Advisors LLC now owns 22,485 shares of the company’s stock worth $1,164,000 after purchasing an additional 239 shares in the last quarter. Retirement Systems of Alabama raised its position in YETI by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after buying an additional 288 shares during the last quarter. SG Americas Securities LLC raised its position in YETI by 5.8% during the 4th quarter. SG Americas Securities LLC now owns 5,890 shares of the company’s stock worth $305,000 after buying an additional 324 shares during the last quarter. KLR Investment Advisors LLC raised its position in YETI by 5.9% during the 4th quarter. KLR Investment Advisors LLC now owns 6,421 shares of the company’s stock worth $332,000 after buying an additional 355 shares during the last quarter. Finally, Signaturefd LLC raised its position in YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after buying an additional 368 shares during the last quarter.

YETI Trading Down 3.0 %

Shares of YETI opened at $38.15 on Friday. YETI has a twelve month low of $33.88 and a twelve month high of $54.15. The company has a market cap of $3.25 billion, a P/E ratio of 18.98, a P/E/G ratio of 1.19 and a beta of 2.19. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $39.21 and its 200-day simple moving average is $41.70.

YETI (NYSE:YETI) last announced its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. The business had revenue of $341.39 million for the quarter, compared to the consensus estimate of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. As a group, analysts expect that YETI will post 2.35 EPS for the current year.

YETI Company Profile

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.