YETI Holdings, Inc. (NYSE:YETI) Given Average Recommendation of "Hold" by Brokerages

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have been assigned an average recommendation of "Hold" from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $39.40.

A number of equities analysts have commented on YETI shares. Robert W. Baird reduced their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday, April 11th. Jefferies Financial Group reissued a "buy" rating and issued a $55.00 price objective on shares of YETI in a research note on Monday, May 5th. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Stifel Nicolaus dropped their target price on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, April 10th. Finally, UBS Group reduced their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th.

YETI Price Performance

Shares of YETI stock traded down $0.80 during trading hours on Thursday, hitting $32.08. 1,174,533 shares of the company's stock were exchanged, compared to its average volume of 1,832,053. YETI has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The firm has a market cap of $2.66 billion, a P/E ratio of 15.43, a P/E/G ratio of 2.84 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. The firm has a 50 day moving average of $30.87 and a two-hundred day moving average of $33.23.

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

Hedge Funds Weigh In On YETI

Several large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp increased its stake in YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after buying an additional 280 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in YETI by 5.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock valued at $29,790,000 after purchasing an additional 39,709 shares in the last quarter. Assetmark Inc. grew its position in shares of YETI by 8.1% in the 4th quarter. Assetmark Inc. now owns 5,853 shares of the company's stock valued at $225,000 after buying an additional 438 shares during the last quarter. Atria Investments Inc increased its position in shares of YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after purchasing an additional 328 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in shares of YETI during the fourth quarter worth approximately $305,000.

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.