YETI (NYSE:YETI) Trading Down 3.9%

YETI Holdings, Inc. (NYSE:YETI)’s stock price traded down 3.9% on Friday . The company traded as low as $37.77 and last traded at $37.79. 395,967 shares were traded during mid-day trading, a decline of 76% from the average session volume of 1,623,222 shares. The stock had previously closed at $39.31.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Raymond James increased their price target on shares of YETI from $48.00 to $49.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Morgan Stanley raised their target price on shares of YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Canaccord Genuity Group raised their target price on shares of YETI from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Friday, May 10th. William Blair restated an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. Finally, B. Riley dropped their target price on shares of YETI from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, YETI has a consensus rating of “Hold” and a consensus price target of $46.80.

YETI Stock Down 3.0 %

The company has a quick ratio of 1.14, a current ratio of 2.35 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average price is $39.21 and its 200-day moving average price is $41.70. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 18.98, a P/E/G ratio of 1.15 and a beta of 2.19.

YETI (NYSE:YETI) last released its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. YETI had a net margin of 10.32% and a return on equity of 28.81%. The business had revenue of $341.39 million during the quarter, compared to analysts’ expectations of $333.79 million. On average, sell-side analysts predict that YETI Holdings, Inc. will post 2.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Crewe Advisors LLC bought a new position in YETI during the first quarter worth $27,000. Fidelis Capital Partners LLC bought a new position in YETI during the first quarter worth $35,000. Sachetta LLC bought a new position in YETI during the fourth quarter worth $53,000. Principal Securities Inc. bought a new position in YETI during the fourth quarter worth $74,000. Finally, Headlands Technologies LLC bought a new position in YETI during the first quarter worth $76,000.

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.