YETI Holdings, Inc. (NYSE:YETI) Receives Average Rating of "Hold" from Brokerages

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) has earned a consensus rating of "Hold" from the fifteen research firms that are covering the firm, Marketbeat.com reports. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $42.20.

Several brokerages have recently weighed in on YETI. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Canaccord Genuity Group decreased their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus decreased their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. The Goldman Sachs Group cut their price target on shares of YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Robert W. Baird dropped their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th.

Hedge Funds Weigh In On YETI

A number of institutional investors and hedge funds have recently made changes to their positions in YETI. Allworth Financial LP boosted its holdings in YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after acquiring an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in YETI in the third quarter worth about $38,000. Aster Capital Management DIFC Ltd bought a new stake in shares of YETI during the fourth quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of YETI in the 4th quarter worth $45,000. Finally, GeoWealth Management LLC purchased a new position in shares of YETI in the fourth quarter worth $48,000.

YETI Stock Performance

YETI traded up $0.30 during trading on Friday, hitting $28.85. 217,129 shares of the company traded hands, compared to its average volume of 1,860,629. YETI has a one year low of $26.61 and a one year high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The stock's fifty day moving average is $31.94 and its 200 day moving average is $36.37. The firm has a market cap of $2.39 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, equities analysts predict that YETI will post 2.57 EPS for the current fiscal 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.