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

Key Points

• YETI Holdings, Inc. has received a consensus recommendation of "Hold" from fifteen research firms, with ten analysts rating it as a hold and five issuing buy ratings.
• The average one-year price objective for YETI's stock among analysts is $38.54, reflecting analysts' recent updates on coverage.
• Despite a 3.8% year-over-year revenue decline, YETI reported stronger-than-expected earnings of $0.66 EPS, exceeding analysts' estimates of $0.54 EPS.

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) has earned a consensus recommendation of "Hold" from the fifteen research 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 issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $38.5385.

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley restated a "cautious" rating on shares of YETI in a report on Monday, August 11th. Cowen reaffirmed a "hold" rating on shares of YETI in a research report on Friday, August 8th. Raymond James Financial reaffirmed an "outperform" rating and set a $37.00 price objective (up from $34.00) on shares of YETI in a research report on Friday, August 8th. Jefferies Financial Group reaffirmed a "buy" rating on shares of YETI in a research report on Tuesday, September 16th. Finally, UBS Group boosted their price objective on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th.

YETI Stock Up 0.7%

NYSE YETI opened at $33.75 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The company's 50 day simple moving average is $34.60 and its 200 day simple moving average is $32.52. YETI has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a market capitalization of $2.74 billion, a P/E ratio of 16.07, a PEG ratio of 2.36 and a beta of 1.83.

YETI (NYSE:YETI - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping 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 business had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. During the same period in the previous year, the firm earned $0.70 EPS. The business's revenue for the quarter was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities research analysts expect that YETI will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of YETI

Several large investors have recently added to or reduced their stakes in YETI. Costello Asset Management INC bought a new stake in YETI in the first quarter worth approximately $25,000. UMB Bank n.a. grew its position in YETI by 109.3% in the second quarter. UMB Bank n.a. now owns 896 shares of the company's stock worth $28,000 after acquiring an additional 468 shares in the last quarter. IFP Advisors Inc grew its position in YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after acquiring an additional 865 shares in the last quarter. Parallel Advisors LLC grew its position in YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after acquiring an additional 375 shares in the last quarter. Finally, MAI Capital Management bought a new stake in YETI in the second quarter worth approximately $31,000.

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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