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

Key Points

• YETI Holdings, Inc. has received an average recommendation of "Hold" from fourteen brokerages, with nine analysts maintaining a hold rating and five giving a buy recommendation.
• The company's average price target is $38.54, with a reported EPS of $0.66 for the last quarter, exceeding analysts' expectations of $0.54.
• Several institutional investors have recently increased their stakes in YETI, with Westwood Holdings Group raising its position by 110.2%.

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have been assigned an average rating of "Hold" from the fourteen brokerages that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $38.5385.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of YETI from $31.00 to $33.00 and gave the company a "hold" rating in a research report on Friday, August 8th. Morgan Stanley reaffirmed a "cautious" rating on shares of YETI in a report on Monday, August 11th. UBS Group raised their price target on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Citigroup raised their price target on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a report on Wednesday, July 23rd. Finally, Cowen reaffirmed a "hold" rating on shares of YETI in a report on Friday, August 8th.

YETI Trading Up 1.1%

NYSE:YETI opened at $34.96 on Tuesday. YETI has a 52 week low of $26.61 and a 52 week high of $45.25. The firm has a 50 day moving average of $35.49 and a 200 day moving average of $32.49. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 2.44 and a beta of 1.86.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the company posted $0.70 earnings per share. YETI's revenue for the quarter was down 3.8% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, sell-side analysts anticipate that YETI will post 2.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC purchased a new position in shares of YETI in the second quarter worth $1,113,000. Cim Investment Management Inc. purchased a new position in shares of YETI in the second quarter worth $315,000. Advisory Services Network LLC purchased a new position in shares of YETI in the second quarter worth $424,000. Westwood Holdings Group Inc. increased its stake in shares of YETI by 110.2% in the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company's stock worth $79,050,000 after acquiring an additional 1,314,878 shares during the period. Finally, Public Sector Pension Investment Board increased its stake in shares of YETI by 1.2% in the second quarter. Public Sector Pension Investment Board now owns 160,218 shares of the company's stock worth $5,050,000 after acquiring an additional 1,882 shares during the period.

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.

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