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

Shares of YETI Holdings, Inc. (NYSE:YETI) have received an average recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat reports. One 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 price objective among brokers that have issued a report on the stock in the last year is $44.77.

Several brokerages have recently issued reports on YETI. Stifel Nicolaus dropped their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley cut their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. UBS Group decreased their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. KeyCorp cut their target price on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, Canaccord Genuity Group decreased their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th.

YETI Stock Performance

NYSE YETI opened at $33.15 on Tuesday. The company has a market capitalization of $2.74 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.05 and a beta of 2.15. YETI has a 12-month low of $31.48 and a 12-month high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $35.94 and a two-hundred day moving average price of $38.18.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (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 firm had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. Analysts anticipate that YETI will post 2.57 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp lifted its position in shares of YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares in the last quarter. Central Pacific Bank Trust Division boosted its position in YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after purchasing an additional 290 shares during the last quarter. Atria Investments Inc grew its stake in YETI by 4.2% in the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock valued at $312,000 after purchasing an additional 328 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after buying an additional 332 shares during the last quarter. Finally, Blue Trust Inc. raised its position in YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares during the period.

About YETI

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.