YETI Holdings, Inc. (NYSE:YETI) Given Average Rating of “Hold” by Brokerages

YETI Holdings, Inc. (NYSE:YETI) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are currently covering the company, MarketBeat reports. One 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 1-year price objective among analysts that have covered the stock in the last year is $44.77.

A number of research analysts have recently commented on the company. Morgan Stanley lowered their target price on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Canaccord Genuity Group lowered their price objective on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. UBS Group reduced their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. TD Cowen lowered their price target 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, Stifel Nicolaus cut their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 14th.

Hedge Funds Weigh In On YETI

A number of hedge funds have recently bought and sold shares of YETI. Wealth Enhancement Advisory Services LLC bought a new position in shares of YETI during the 3rd quarter valued at $231,000. State of Alaska Department of Revenue increased its position in YETI by 7.1% during the third quarter. State of Alaska Department of Revenue now owns 10,046 shares of the company’s stock valued at $412,000 after acquiring an additional 665 shares during the last quarter. Portside Wealth Group LLC bought a new position in YETI in the third quarter valued at about $217,000. AIA Group Ltd boosted its position in YETI by 9.1% in the third quarter. AIA Group Ltd now owns 50,941 shares of the company’s stock worth $2,090,000 after purchasing an additional 4,233 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock valued at $118,000 after purchasing an additional 343 shares during the period.

YETI Price Performance

Shares of YETI stock opened at $34.90 on Friday. The business has a 50 day moving average of $37.39 and a 200 day moving average of $38.86. YETI has a 52 week low of $33.36 and a 52 week high of $45.25. The company has a market cap of $2.88 billion, a PE ratio of 16.94, a P/E/G ratio of 1.05 and a beta of 2.15. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last posted its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. As a group, equities research analysts forecast that YETI will post 2.57 earnings per share for the current year.

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.