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YETI (NYSE:YETI) Given "Hold (C)" Rating at Weiss Ratings

YETI logo with Consumer Discretionary background

Key Points

  • Weiss Ratings has reissued a "hold (c)" rating for YETI, with a consensus target price of $38.54 according to MarketBeat.
  • Analysts from UBS Group, Canaccord Genuity, and Citigroup provided various ratings and price objectives for YETI, showing a mix of "hold" and "buy" recommendations.
  • YETI reported a quarterly earnings per share (EPS) of $0.66, exceeding analyst expectations, despite a 3.8% year-over-year revenue decline.
  • MarketBeat previews top five stocks to own in November.

YETI (NYSE:YETI - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also commented on YETI. UBS Group lifted their price objective on shares of YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Canaccord Genuity Group lifted their price objective on shares of YETI from $33.00 to $34.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Morgan Stanley reaffirmed a "cautious" rating on shares of YETI in a research report on Monday, August 11th. Stifel Nicolaus lifted their price objective on shares of YETI from $31.00 to $33.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Finally, Citigroup lifted their price objective on shares of YETI from $36.00 to $44.00 and gave the stock a "buy" rating in a research report on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $38.54.

Check Out Our Latest Stock Analysis on YETI

YETI Stock Up 0.3%

Shares of NYSE YETI traded up $0.09 during mid-day trading on Wednesday, reaching $33.29. 362,204 shares of the company's stock traded hands, compared to its average volume of 2,057,458. The stock has a market cap of $2.70 billion, a P/E ratio of 15.90, a PEG ratio of 2.42 and a beta of 1.83. The business has a 50-day simple moving average of $34.98 and a 200 day simple moving average of $32.53. YETI has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48.

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

Hedge Funds Weigh In On YETI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Costello Asset Management INC purchased a new position in YETI in the 1st quarter worth approximately $25,000. UMB Bank n.a. grew its stake in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company's stock worth $28,000 after buying an additional 468 shares in the last quarter. IFP Advisors Inc grew its stake in YETI by 4,552.6% in the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after buying an additional 865 shares in the last quarter. Parallel Advisors LLC grew its stake in YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company's stock worth $31,000 after buying an additional 375 shares in the last quarter. Finally, MAI Capital Management purchased a new stake in shares of YETI in the 2nd quarter valued at $31,000.

About YETI

(Get Free Report)

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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Analyst Recommendations for YETI (NYSE:YETI)

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