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

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have been assigned an average recommendation of "Hold" from the fifteen research firms that are currently covering the firm, MarketBeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $39.40.

Several research firms have recently commented on YETI. Raymond James decreased their target price on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. The Goldman Sachs Group reduced their price target on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group reissued a "buy" rating and set a $55.00 price target on shares of YETI in a research report on Monday, May 5th. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research report on Thursday, April 17th. Finally, Morgan Stanley increased their price target on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research report on Friday, May 9th.

Institutional Investors Weigh In On YETI

Large investors have recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after purchasing an additional 467 shares in the last quarter. Costello Asset Management INC bought a new position in shares of YETI in the 1st quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of YETI in the 1st quarter valued at $34,000. Aster Capital Management DIFC Ltd bought a new position in shares of YETI in the 4th quarter valued at $44,000. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of YETI in the 4th quarter valued at $45,000.

YETI Stock Performance

NYSE:YETI traded down $1.48 on Friday, hitting $29.97. The company's stock had a trading volume of 1,578,699 shares, compared to its average volume of 1,796,773. YETI has a one year low of $26.61 and a one year high of $45.25. The stock has a fifty day moving average of $29.80 and a two-hundred day moving average of $34.64. 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 has a market capitalization of $2.48 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.05 and a beta of 1.88.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. During the same quarter in the prior year, the business earned $0.34 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts predict that YETI will post 2.57 earnings per share for the current year.

About YETI

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.