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

Key Points

• YETI Holdings, Inc. has received an average recommendation of "Hold" from 14 analysts, with 9 recommending hold and 5 recommending buy.
• The company's recent quarterly earnings report showed earnings per share of $0.66, surpassing estimates but with a revenue decline of 3.8% year-over-year.
• YETI's stock has a current price target among analysts averaging $38.54, with a recent trading opening at $34.89.

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) has earned an average recommendation of "Hold" from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.5385.

A number of research analysts have recently weighed in on YETI shares. Morgan Stanley restated a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Canaccord Genuity Group raised their price objective on YETI from $33.00 to $34.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Piper Sandler cut their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Cowen reissued a "hold" rating on shares of YETI in a report on Friday, August 8th. Finally, Stifel Nicolaus raised their target price on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a report on Friday, August 8th.

YETI Price Performance

Shares of YETI stock traded up $0.29 during mid-day trading on Friday, hitting $35.15. The company had a trading volume of 2,432,379 shares, compared to its average volume of 2,184,480. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The stock's 50 day moving average price is $34.33 and its 200-day moving average price is $32.63. YETI has a 52-week low of $26.61 and a 52-week high of $45.25. The company has a market capitalization of $2.85 billion, a P/E ratio of 16.74, a P/E/G ratio of 2.48 and a beta of 1.84.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company had revenue of $445.89 million during the quarter, compared to analysts' expectations of $461.73 million. During the same period last year, the company posted $0.70 earnings per share. YETI's quarterly revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities research analysts forecast that YETI will post 2.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in YETI. Costello Asset Management INC purchased a new stake in YETI during the first quarter valued at approximately $25,000. IFP Advisors Inc boosted its stake in YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after buying an additional 865 shares during the period. UMB Bank n.a. boosted its stake in shares of YETI by 109.3% during the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company's stock worth $28,000 after purchasing an additional 468 shares during the period. Parallel Advisors LLC boosted its stake in shares of YETI by 61.6% during the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after purchasing an additional 375 shares during the period. Finally, MAI Capital Management purchased a new stake in YETI in the second quarter worth $31,000.

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.