YETI Holdings, Inc. (NYSE:YETI) Receives $46.77 Consensus Target Price from Analysts

YETI Holdings, Inc. (NYSE:YETI) has 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 recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $46.77.

A number of equities analysts have recently issued reports on the stock. TD Cowen increased their price objective on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Canaccord Genuity Group reissued a “hold” rating and set a $44.00 price objective on shares of YETI in a research report on Monday, September 30th. B. Riley raised their price target on shares of YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price target on shares of YETI in a research report on Tuesday, July 30th. Finally, KeyCorp raised their price target on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th.

YETI Stock Performance

NYSE YETI opened at $36.74 on Friday. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.02 and a beta of 2.12. YETI has a twelve month low of $33.88 and a twelve month high of $54.15. The stock has a fifty day simple moving average of $39.01 and a 200 day simple moving average of $39.12. The company has a quick ratio of 1.22, a current ratio of 2.29 and a debt-to-equity ratio of 0.11.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The firm had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. During the same period last year, the business posted $0.51 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. Sell-side analysts expect that YETI will post 2.35 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Retirement Systems of Alabama boosted its holdings in YETI by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock valued at $4,204,000 after purchasing an additional 288 shares during the period. Covestor Ltd lifted its holdings in shares of YETI by 13.5% during the 3rd quarter. Covestor Ltd now owns 2,880 shares of the company’s stock worth $118,000 after acquiring an additional 343 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of YETI by 52.9% during the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after acquiring an additional 423 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its holdings in shares of YETI by 1.6% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 29,965 shares of the company’s stock worth $1,229,000 after acquiring an additional 465 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake in YETI by 2.0% in the second quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock worth $928,000 after purchasing an additional 468 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.