Analysts Set YETI Holdings, Inc. (NYSE:YETI) Target Price at $39.40

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) has received an average rating of "Hold" from the fifteen brokerages that are currently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $39.40.

A number of analysts recently commented on YETI shares. Jefferies Financial Group reaffirmed a "buy" rating and issued a $55.00 price target on shares of YETI in a research note on Monday, May 5th. Morgan Stanley raised their price target on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Piper Sandler dropped their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, May 5th. The Goldman Sachs Group dropped their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th.

Hedge Funds Weigh In On YETI

Several large investors have recently modified their holdings of the stock. Costello Asset Management INC bought a new stake in YETI in the 1st quarter worth about $25,000. UMB Bank n.a. increased its holdings in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company's stock worth $28,000 after buying an additional 468 shares in the last quarter. Parallel Advisors LLC increased its holdings in YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after buying an additional 375 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in YETI in the 1st quarter worth about $34,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in YETI in the 4th quarter worth about $44,000.

YETI Trading Down 2.4%

Shares of YETI stock traded down $0.80 on Thursday, hitting $32.08. The stock had a trading volume of 1,174,533 shares, compared to its average volume of 1,835,438. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. YETI has a one year low of $26.61 and a one year high of $45.25. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 2.77 and a beta of 1.85. The stock's 50-day simple moving average is $30.87 and its two-hundred day simple moving average is $33.19.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. YETI had a net margin of 9.59% and a return on equity of 26.48%. The firm had revenue of $351.13 million for the quarter, compared to analysts' expectations of $347.72 million. During the same quarter last year, the business earned $0.34 earnings per share. The business's revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that YETI will post 2.57 EPS 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.