YETI Holdings, Inc. (NYSE:YETI) Receives Consensus Recommendation of "Hold" from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have earned an average recommendation of "Hold" from the fifteen research firms that are presently covering the company, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $39.40.

Several research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Robert W. Baird lowered their price target on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research report on Friday, April 11th. Raymond James Financial dropped their target price on shares of YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a research report on Friday, May 9th. Piper Sandler reduced their price target on shares of YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th. Finally, Jefferies Financial Group restated a "buy" rating and set a $55.00 price objective on shares of YETI in a research report on Monday, May 5th.

YETI Stock Up 1.9%

Shares of YETI traded up $0.62 during midday trading on Thursday, hitting $32.90. The stock had a trading volume of 1,541,144 shares, compared to its average volume of 1,833,582. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 2.75 and a beta of 1.85. The company has a 50 day simple moving average of $30.71 and a two-hundred day simple moving average of $33.33. YETI has a twelve month low of $26.61 and a twelve month high of $45.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.58 and a quick ratio of 1.47.

YETI (NYSE:YETI - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. YETI had a return on equity of 26.48% and a net margin of 9.59%. The business had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. During the same quarter last year, the firm earned $0.34 EPS. YETI's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, analysts anticipate that YETI will post 2.57 EPS for the current year.

Institutional Investors Weigh In On YETI

A number of institutional investors have recently added to or reduced their stakes in YETI. Andrew Hill Investment Advisors Inc. bought a new stake in shares of YETI in the 2nd quarter valued at about $2,070,000. Reinhart Partners LLC. lifted its stake in shares of YETI by 101.6% in the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company's stock worth $67,542,000 after acquiring an additional 1,080,072 shares during the period. Aaron Wealth Advisors LLC boosted its holdings in YETI by 11.6% in the second quarter. Aaron Wealth Advisors LLC now owns 9,934 shares of the company's stock valued at $313,000 after acquiring an additional 1,032 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in YETI by 66.7% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 204,219 shares of the company's stock valued at $6,437,000 after purchasing an additional 81,720 shares during the period. Finally, Parallel Advisors LLC raised its holdings in 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 last quarter.

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.