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

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have been given a consensus recommendation of "Hold" by the fifteen brokerages that are presently covering the firm, Marketbeat reports. Ten research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $39.40.

A number of research firms have recently issued reports on YETI. Piper Sandler dropped their price target on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Raymond James Financial lowered their price objective on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus lowered their price objective on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Thursday, April 10th. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a $55.00 price objective on shares of YETI in a research note on Monday, May 5th.

YETI Stock Performance

Shares of YETI stock opened at $32.33 on Thursday. The stock's fifty day moving average is $30.71 and its two-hundred day moving average is $33.33. The company has a market capitalization of $2.68 billion, a PE ratio of 15.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.85. 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 52 week low of $26.61 and a 52 week high of $45.25.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to the consensus estimate of $347.72 million. YETI had a return on equity of 26.48% and a net margin of 9.59%. YETI's quarterly revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. As a group, analysts expect that YETI will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On YETI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Costello Asset Management INC purchased a new position in YETI during the first quarter valued at approximately $25,000. Parallel Advisors LLC grew its holdings in YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company's stock valued at $31,000 after purchasing an additional 375 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in YETI in the first quarter valued at approximately $34,000. Aster Capital Management DIFC Ltd acquired a new stake in YETI in the fourth quarter valued at approximately $44,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI in the fourth quarter worth approximately $45,000.

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.

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