YETI Holdings, Inc. (NYSE:YETI) Receives Consensus Rating of “Hold” from Brokerages

Shares of YETI Holdings, Inc. (NYSE:YETI) have been given a consensus recommendation of “Hold” by the fourteen ratings firms that are covering the company, MarketBeat.com reports. One equities research 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 analysts that have issued ratings on the stock in the last year is $44.77.

A number of analysts recently weighed in on YETI shares. Canaccord Genuity Group decreased their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus reduced their target price on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. UBS Group cut their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, Morgan Stanley dropped their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after acquiring an additional 62,619 shares in the last quarter. Truist Financial Corp lifted its stake in shares of YETI by 304.2% in the fourth quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock worth $1,098,000 after buying an additional 21,450 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after buying an additional 39,709 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of YETI during the fourth quarter valued at approximately $1,463,000. Finally, Proficio Capital Partners LLC bought a new position in YETI in the 4th quarter valued at approximately $1,363,000.

YETI Stock Performance

Shares of YETI stock opened at $33.15 on Tuesday. YETI has a 12 month low of $31.48 and a 12 month high of $45.25. The stock has a market capitalization of $2.74 billion, a P/E ratio of 16.09, 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 firm’s 50 day moving average is $35.94 and its 200 day moving average is $38.18.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. On average, sell-side analysts anticipate that YETI will post 2.57 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.