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

YETI Holdings, Inc. (NYSE:YETI) has been assigned an average rating of “Hold” from the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $45.46.

Several equities analysts have recently issued reports on YETI shares. TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price objective on shares of YETI in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Covestor Ltd raised its holdings in YETI by 13.5% in the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after purchasing an additional 343 shares during the period. Peloton Wealth Strategists raised its stake in shares of YETI by 0.4% in the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock worth $3,540,000 after buying an additional 350 shares during the period. GAMMA Investing LLC lifted its position in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after buying an additional 423 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock valued at $1,229,000 after acquiring an additional 465 shares during the period. Finally, Arizona State Retirement System raised its stake in YETI by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after acquiring an additional 468 shares during the period.

YETI Stock Down 0.6 %

Shares of NYSE:YETI opened at $39.41 on Friday. YETI has a 12-month low of $33.41 and a 12-month high of $54.15. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.37 and a beta of 2.15. The stock has a fifty day simple moving average of $39.53 and a two-hundred day simple moving average of $39.72. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

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.