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

Shares of YETI Holdings, Inc. (NYSE:YETIGet Free Report) have been given a consensus recommendation of “Hold” by the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $45.46.

Several research analysts have commented on YETI shares. Piper Sandler reissued an “overweight” rating and set a $54.00 price target (down from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Bank of America lowered shares of YETI from a “buy” rating to a “neutral” rating and cut their price target for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th. Finally, TD Cowen decreased their price objective on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th.

Check Out Our Latest Stock Analysis on YETI

YETI Stock Down 0.6 %

Shares of NYSE YETI opened at $39.41 on Friday. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $39.53 and a 200-day moving average of $39.72. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 16.91, a PEG ratio of 1.37 and a beta of 2.15. YETI has a 12 month low of $33.41 and a 12 month high of $54.15.

Institutional Investors Weigh In On YETI

Several institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. lifted its stake in shares of YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock valued at $75,049,000 after purchasing an additional 1,488,994 shares during the period. Van Berkom & Associates Inc. lifted its position in YETI by 5.8% during the second quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after buying an additional 105,859 shares during the period. Dimensional Fund Advisors LP lifted its position in YETI by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after buying an additional 179,005 shares during the period. Geode Capital Management LLC boosted its holdings in shares of YETI by 0.5% during the 3rd 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 in the last quarter. Finally, Congress Asset Management Co. grew its position in shares of YETI by 18.3% in the 3rd quarter. Congress Asset Management Co. now owns 1,070,653 shares of the company’s stock worth $43,929,000 after buying an additional 165,458 shares during the period.

YETI Company Profile

(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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