YETI Holdings, Inc. (NYSE:YETI) Receives $45.46 Average Target Price from Brokerages

YETI Holdings, Inc. (NYSE:YETI) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat reports. One investment 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. The average 1 year target price among analysts that have issued a report on the stock in the last year is $45.46.

A number of research analysts have recently commented on the company. TD Cowen lowered their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, Piper Sandler reissued 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.

YETI Price Performance

Shares of YETI stock opened at $39.31 on Friday. The business has a 50 day moving average of $39.45 and a 200 day moving average of $39.62. YETI has a 52 week low of $33.41 and a 52 week high of $53.90. The company has a market cap of $3.33 billion, a PE ratio of 16.87, a P/E/G ratio of 1.37 and a beta of 2.15. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10.

Institutional Investors Weigh In On YETI

Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of YETI during the 3rd quarter valued at about $26,000. Blue Trust Inc. lifted its position in YETI by 265.8% during the third 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 purchased a new stake in YETI in the third quarter worth approximately $38,000. Ashton Thomas Private Wealth LLC bought a new stake in YETI in the 2nd quarter worth approximately $42,000. Finally, GAMMA Investing LLC lifted its holdings 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 during the period.

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.