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

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned a consensus rating of “Hold” from the fourteen research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $45.62.

Several brokerages recently weighed in on YETI. Citigroup reduced their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating for the company in a research report on Monday, August 5th. Roth Mkm lifted their target price on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Jefferies Financial Group upped their price target on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $40.00 in a report on Wednesday. Finally, Piper Sandler restated an “overweight” rating and set a $54.00 target price on shares of YETI in a research note on Tuesday, July 30th.

Hedge Funds Weigh In On YETI

Hedge funds have recently bought and sold shares of the business. Royce & Associates LP increased its stake in YETI by 17.3% in the 3rd quarter. Royce & Associates LP now owns 585,971 shares of the company’s stock worth $24,042,000 after buying an additional 86,405 shares during the period. ING Groep NV bought a new position in YETI in the 3rd quarter worth about $1,887,000. KBC Group NV increased its position in shares of YETI by 25.4% during the third quarter. KBC Group NV now owns 2,871 shares of the company’s stock worth $118,000 after acquiring an additional 582 shares during the period. Empower Advisory Group LLC raised its stake in shares of YETI by 6.5% during the third quarter. Empower Advisory Group LLC now owns 311,918 shares of the company’s stock valued at $12,798,000 after acquiring an additional 18,977 shares in the last quarter. Finally, WCM Investment Management LLC boosted its holdings in shares of YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock valued at $20,701,000 after purchasing an additional 441,516 shares during the period.

YETI Stock Down 3.1 %

Shares of YETI stock opened at $36.11 on Friday. YETI has a 1 year low of $33.41 and a 1 year high of $54.15. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.07 and a beta of 2.12. The company has a 50-day moving average of $38.87 and a 200 day moving average of $39.12. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million during the quarter, compared to analysts’ expectations of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, sell-side analysts anticipate that YETI will post 2.35 earnings per share for the current fiscal 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.