YETI (NYSE:YETI) Shares Up 8.2% – What’s Next?

YETI Holdings, Inc. (NYSE:YETI)’s share price was up 8.2% on Monday . The company traded as high as $34.61 and last traded at $34.79. Approximately 1,332,010 shares traded hands during trading, a decline of 15% from the average daily volume of 1,566,850 shares. The stock had previously closed at $32.17.

Analyst Ratings Changes

A number of equities research analysts have commented on YETI shares. Stifel Nicolaus cut their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. KeyCorp reduced their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research report on Wednesday, January 8th. Canaccord Genuity Group dropped their target price on YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley lowered their price objective on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Finally, UBS Group cut their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.77.

YETI Stock Performance

The company has a market cap of $2.81 billion, a PE ratio of 16.63, a PEG ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $36.72 and its two-hundred day moving average is $38.52.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. On average, equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Institutional Trading of YETI

Hedge funds have recently bought and sold shares of the stock. Gates Capital Management Inc. purchased a new stake in shares of YETI in the fourth quarter worth about $135,356,000. Brown Advisory Inc. purchased a new stake in shares of YETI during the 4th quarter worth approximately $40,496,000. Westwood Holdings Group Inc. bought a new position in shares of YETI during the 4th quarter valued at approximately $37,098,000. Norges Bank bought a new stake in YETI in the fourth quarter worth $36,778,000. Finally, Nomura Holdings Inc. raised its stake in YETI by 595.8% during the fourth quarter. Nomura Holdings Inc. now owns 595,154 shares of the company’s stock valued at $22,919,000 after purchasing an additional 509,616 shares in the last quarter.

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.