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

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $44.77.

A number of brokerages have recently weighed in on YETI. Canaccord Genuity Group cut their price objective on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday. Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Piper Sandler restated an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, KeyCorp dropped their price target 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 large investors have recently added to or reduced their stakes in the stock. Wasatch Advisors LP raised its stake in YETI by 0.9% during the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company’s stock valued at $212,924,000 after buying an additional 51,443 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of YETI by 15.9% in the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock worth $137,114,000 after purchasing an additional 489,063 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of YETI by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company’s stock worth $57,812,000 after purchasing an additional 22,123 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after purchasing an additional 7,382 shares during the last quarter. Finally, Congress Asset Management Co. raised its stake in shares of YETI by 5.6% in the fourth quarter. Congress Asset Management Co. now owns 1,131,060 shares of the company’s stock worth $43,557,000 after purchasing an additional 60,407 shares during the last quarter.

YETI Price Performance

Shares of YETI stock opened at $38.02 on Monday. The firm has a market cap of $3.22 billion, a P/E ratio of 16.32, a P/E/G ratio of 1.06 and a beta of 2.13. YETI has a fifty-two week low of $33.41 and a fifty-two week high of $45.25. The business’s 50 day moving average price is $38.78 and its 200-day moving average price is $39.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.31% and a net margin of 11.15%. On average, equities research analysts anticipate that YETI will post 2.37 earnings per share 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.