YETI (NYSE:YETI) Trading Down 3.9%

YETI Holdings, Inc. (NYSE:YETI)’s share price fell 3.9% during mid-day trading on Friday . The company traded as low as $37.77 and last traded at $37.79. 395,967 shares changed hands during trading, a decline of 76% from the average session volume of 1,623,222 shares. The stock had previously closed at $39.31.

Wall Street Analyst Weigh In

A number of research firms have issued reports on YETI. B. Riley cut their price target on YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. Morgan Stanley increased their price target on YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of YETI in a research report on Friday, May 10th. Roth Mkm lowered their target price on YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a research report on Friday, May 10th. Finally, Canaccord Genuity Group upped their target price on YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, YETI presently has an average rating of “Hold” and an average target price of $46.80.

YETI Price Performance

The firm has a market capitalization of $3.25 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.15 and a beta of 2.19. The business has a 50-day moving average of $39.21 and a 200 day moving average of $41.70. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. As a group, research analysts anticipate that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its stake in YETI by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock valued at $65,687,000 after purchasing an additional 103,732 shares during the period. AIA Group Ltd bought a new position in YETI in the 4th quarter valued at $2,397,000. Trexquant Investment LP bought a new position in YETI in the 4th quarter valued at $8,484,000. Victory Capital Management Inc. grew its stake in shares of YETI by 31.5% during the 4th quarter. Victory Capital Management Inc. now owns 783,334 shares of the company’s stock worth $40,561,000 after acquiring an additional 187,720 shares during the period. Finally, Congress Asset Management Co. MA grew its stake in shares of YETI by 7.7% during the 1st quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock worth $30,489,000 after acquiring an additional 56,881 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.