YETI (NYSE:YETI) Sets New 1-Year Low - Here's Why

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) reached a new 52-week low on Wednesday . The company traded as low as $26.79 and last traded at $27.09, with a volume of 3675142 shares changing hands. The stock had previously closed at $28.74.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on YETI shares. Stifel Nicolaus decreased their price target on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday. KeyCorp lowered their price target on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a report on Wednesday, January 8th. UBS Group dropped their price target on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. Finally, Robert W. Baird dropped their target price on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $44.00.

YETI Price Performance

The stock's 50 day simple moving average is $34.30 and its 200-day simple moving average is $37.48. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. Equities research analysts anticipate that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Several hedge funds have recently bought and sold shares of YETI. Congress Asset Management Co. boosted its holdings in YETI by 7.7% during the first quarter. Congress Asset Management Co. now owns 1,217,966 shares of the company's stock worth $40,315,000 after buying an additional 86,906 shares in the last quarter. Reinhart Partners LLC. acquired a new stake in shares of YETI during the 1st quarter valued at about $35,177,000. Chatham Capital Group Inc. increased its stake in shares of YETI by 4.1% in the 1st quarter. Chatham Capital Group Inc. now owns 49,004 shares of the company's stock valued at $1,622,000 after purchasing an additional 1,915 shares in the last quarter. Portside Wealth Group LLC raised its holdings in YETI by 14.5% in the 1st quarter. Portside Wealth Group LLC now owns 6,025 shares of the company's stock worth $199,000 after purchasing an additional 762 shares during the period. Finally, Merit Financial Group LLC purchased a new position in YETI during the first quarter worth approximately $507,000.

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.