YETI Holdings, Inc. (NYSE:YETI) Receives $48.29 Average PT from Analysts

YETI Holdings, Inc. (NYSE:YETI) has been assigned a consensus rating of “Hold” from the thirteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $48.29.

A number of equities research analysts have commented on YETI shares. Canaccord Genuity Group reduced their target price on YETI from $41.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, April 5th. KeyCorp lifted their target price on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, January 12th. B. Riley restated a “neutral” rating and issued a $42.00 target price on shares of YETI in a research report on Friday, February 16th. Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and lifted their target price for the company from $49.00 to $50.00 in a research report on Thursday, January 4th. Finally, Raymond James reduced their target price on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th.

YETI Stock Performance

Shares of YETI stock opened at $36.36 on Tuesday. YETI has a one year low of $34.70 and a one year high of $54.15. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.46 and a beta of 2.29. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30. The business’s 50 day moving average price is $38.78 and its 200 day moving average price is $42.76.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The company had revenue of $519.79 million for the quarter, compared to analysts’ expectations of $535.99 million. During the same quarter in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts predict that YETI will post 2.27 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of YETI. Baillie Gifford & Co. grew its stake in YETI by 53.0% during the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after purchasing an additional 3,260,704 shares in the last quarter. Bank of New York Mellon Corp grew its stake in YETI by 144.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,611 shares of the company’s stock worth $89,863,000 after purchasing an additional 1,099,929 shares in the last quarter. Norges Bank acquired a new position in YETI during the 4th quarter worth $46,686,000. Lord Abbett & CO. LLC boosted its position in shares of YETI by 97.3% during the 3rd quarter. Lord Abbett & CO. LLC now owns 1,517,821 shares of the company’s stock worth $73,189,000 after acquiring an additional 748,671 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of YETI by 18.7% during the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after acquiring an additional 629,287 shares in the last quarter.

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.