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

YETI Holdings, Inc. (NYSE:YETI) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $45.62.

Several equities analysts have recently issued reports on YETI shares. Bank of America lowered YETI from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $40.00 in a report on Wednesday. B. Riley raised their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Citigroup cut their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Monday, August 5th. TD Cowen raised their price objective on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price on shares of YETI in a research note on Tuesday, July 30th.

YETI Stock Performance

NYSE YETI opened at $36.11 on Friday. The company has a market cap of $3.06 billion, a P/E ratio of 15.94, a PEG ratio of 1.07 and a beta of 2.12. The company has a fifty day simple moving average of $38.87 and a 200 day simple moving average of $39.12. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. YETI has a 12-month low of $33.41 and a 12-month high of $54.15.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The company had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. Sell-side analysts predict that YETI will post 2.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

Large investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its holdings 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 purchasing an additional 86,405 shares in the last quarter. ING Groep NV bought a new stake in shares of YETI during the 3rd quarter valued at about $1,887,000. KBC Group NV raised its stake in YETI by 25.4% in the third quarter. KBC Group NV now owns 2,871 shares of the company’s stock worth $118,000 after buying an additional 582 shares in the last quarter. Empower Advisory Group LLC raised its stake in YETI by 6.5% in the third quarter. Empower Advisory Group LLC now owns 311,918 shares of the company’s stock worth $12,798,000 after buying an additional 18,977 shares in the last quarter. Finally, WCM Investment Management LLC lifted its holdings in YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock worth $20,701,000 after buying an additional 441,516 shares during the period.

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.