YETI Holdings, Inc. (NYSE:YETI) Receives Average Rating of “Hold” from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have received a consensus rating of “Hold” from the fourteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $45.46.

A number of equities research analysts have recently commented on the company. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their target price for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. B. Riley upped their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Roth Mkm lifted their price target on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. TD Cowen reduced their price objective on shares of YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. Finally, KeyCorp increased their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th.

YETI Price Performance

NYSE YETI opened at $39.82 on Wednesday. YETI has a 1 year low of $33.41 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 17.09, a PEG ratio of 1.14 and a beta of 2.12. The stock’s fifty day moving average price is $38.98 and its 200 day moving average price is $39.43.

Institutional Investors Weigh In On YETI

Several large investors have recently added to or reduced their stakes in YETI. Cim Investment Management Inc. purchased a new position in shares of YETI in the 3rd quarter valued at about $203,000. Wilmington Savings Fund Society FSB purchased a new position in YETI during the 3rd quarter worth approximately $38,000. Teachers Retirement System of The State of Kentucky increased its position in YETI by 3.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 151,886 shares of the company’s stock worth $6,231,000 after buying an additional 5,650 shares during the period. Geode Capital Management LLC lifted its stake in YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock valued at $58,573,000 after buying an additional 7,382 shares during the last quarter. Finally, Peloton Wealth Strategists boosted its holdings in shares of YETI by 0.4% in the third quarter. Peloton Wealth Strategists now owns 86,275 shares of the company’s stock valued at $3,540,000 after acquiring an additional 350 shares during the period.

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.