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

YETI Holdings, Inc. (NYSE:YETI) has been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $44.83.

A number of research firms have recently commented on YETI. TD Cowen reduced their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, November 11th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Canaccord Genuity Group reissued a “hold” rating and issued a $44.00 price objective on shares of YETI in a research note on Thursday, November 14th. Finally, KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of YETI during the third quarter valued at approximately $26,000. Blue Trust Inc. grew its position in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after purchasing an additional 630 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in YETI in the 3rd quarter valued at $38,000. GAMMA Investing LLC increased its stake in 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 purchasing an additional 423 shares in the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after buying an additional 500 shares during the last quarter.

YETI Stock Performance

Shares of YETI stock opened at $36.94 on Thursday. The stock has a market capitalization of $3.13 billion, a PE ratio of 15.85, a PEG ratio of 1.37 and a beta of 2.14. The business’s 50 day simple moving average is $39.89 and its 200 day simple moving average is $39.36. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. YETI has a one year low of $33.41 and a one year high of $49.01.

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.