YETI (NYSE:YETI) Sets New 52-Week Low at $34.51

YETI Holdings, Inc. (NYSE:YETI - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as $34.51 and last traded at $34.72, with a volume of 400880 shares. The stock had previously closed at $35.72.

Analysts Set New Price Targets

YETI has been the subject of a number of recent analyst reports. Canaccord Genuity Group decreased their target price on shares of YETI from $41.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, April 5th. KeyCorp raised their price objective on shares of YETI from $33.00 to $36.00 and gave the company an "underweight" rating in a research report on Friday, January 12th. Stifel Nicolaus decreased their target price on shares of YETI from $43.00 to $41.00 and set a "hold" rating for the company in a report on Friday, February 16th. Canaccord Genuity Group cut shares of YETI from a "buy" rating to a "hold" rating and raised their target price for the stock from $49.00 to $50.00 in a report on Thursday, January 4th. Finally, B. Riley decreased their target price on shares of YETI from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, April 25th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $48.00.

YETI Stock Performance

The stock's 50-day moving average price is $38.03 and its 200 day moving average price is $42.56. The company has a market cap of $2.96 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.45 and a beta of 2.29. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The firm's quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts expect that YETI Holdings, Inc. will post 2.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in YETI. Sachetta LLC bought a new position in shares of YETI in the fourth quarter valued at about $53,000. Principal Securities Inc. bought a new position in shares of YETI in the fourth quarter valued at about $74,000. Signaturefd LLC raised its holdings in shares of YETI by 27.0% in the fourth quarter. Signaturefd LLC now owns 1,732 shares of the company's stock valued at $90,000 after buying an additional 368 shares during the last quarter. Scarborough Advisors LLC bought a new position in shares of YETI in the fourth quarter valued at about $100,000. Finally, CWM LLC raised its holdings in shares of YETI by 42.9% in the third quarter. CWM LLC now owns 2,183 shares of the company's stock valued at $105,000 after buying an additional 655 shares during 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.