YETI (NYSE:YETI) Shares Gap Up to $34.81

YETI Holdings, Inc. (NYSE:YETI - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $34.81, but opened at $40.70. YETI shares last traded at $39.53, with a volume of 1,247,590 shares trading hands.

Analyst Ratings Changes

YETI has been the subject of a number of analyst reports. Raymond James dropped their target price on shares of YETI from $55.00 to $48.00 and set an "outperform" rating for the company in a report on Friday, February 16th. William Blair reiterated an "outperform" rating on shares of YETI in a research report on Wednesday, May 1st. Canaccord Genuity Group decreased their target price on YETI from $41.00 to $40.00 and set a "hold" rating for the company in a report on Friday, April 5th. Stifel Nicolaus dropped their price target on YETI from $43.00 to $41.00 and set a "hold" rating for the company in a research note on Friday, February 16th. Finally, B. Riley decreased their price objective 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.00.

YETI Stock Up 12.8 %

The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The stock's 50 day simple moving average is $37.52 and its two-hundred day simple moving average is $42.29. The firm has a market cap of $3.35 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.37 and a beta of 2.26.

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

Hedge Funds Weigh In On YETI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in shares of YETI by 88.5% during the 3rd quarter. SG Americas Securities LLC now owns 5,566 shares of the company's stock valued at $268,000 after acquiring an additional 2,613 shares during the last quarter. Commonwealth Equity Services LLC grew its position in YETI by 33.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 18,831 shares of the company's stock worth $908,000 after purchasing an additional 4,726 shares during the period. Raymond James & Associates raised its stake in YETI by 8.3% during the 3rd quarter. Raymond James & Associates now owns 108,562 shares of the company's stock valued at $5,235,000 after buying an additional 8,298 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of YETI by 9.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 13,597 shares of the company's stock valued at $656,000 after buying an additional 1,171 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of YETI by 144.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,611 shares of the company's stock worth $89,863,000 after buying an additional 1,099,929 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.