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

YETI Holdings, Inc. (NYSE:YETI) has been given a consensus rating of “Hold” by the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $44.83.

A number of brokerages have issued reports on YETI. KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 price target on shares of YETI in a research report on Thursday, November 14th. Bank of America cut shares of YETI from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. TD Cowen cut their target price on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, November 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th.

YETI Stock Performance

NYSE:YETI opened at $36.94 on Thursday. The company has a market cap of $3.13 billion, a price-to-earnings ratio of 15.85, a PEG ratio of 1.37 and a beta of 2.14. YETI has a fifty-two week low of $33.41 and a fifty-two week high of $49.01. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The stock has a fifty day moving average price of $39.89 and a 200-day moving average price of $39.36.

Hedge Funds Weigh In On YETI

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in shares of YETI by 17.3% in the second quarter. Commonwealth Equity Services LLC now owns 18,768 shares of the company’s stock valued at $716,000 after buying an additional 2,769 shares during the period. Oppenheimer Asset Management Inc. grew its holdings in YETI by 54.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,643 shares of the company’s stock worth $1,474,000 after acquiring an additional 13,686 shares during the last quarter. Envestnet Asset Management Inc. increased its position in YETI by 23.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 80,525 shares of the company’s stock valued at $3,072,000 after acquiring an additional 15,469 shares during the period. Dimensional Fund Advisors LP increased its position in YETI by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,476,911 shares of the company’s stock valued at $56,351,000 after acquiring an additional 179,005 shares during the period. Finally, Amalgamated Bank raised its stake in shares of YETI by 1.9% during the second quarter. Amalgamated Bank now owns 53,834 shares of the company’s stock valued at $2,054,000 after acquiring an additional 1,028 shares during 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.