YETI Holdings, Inc. (NYSE:YETI) Receives $44.69 Average PT from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned a consensus recommendation of “Hold” from the fourteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $44.69.

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

YETI Stock Performance

Shares of YETI stock opened at $37.93 on Monday. The firm’s fifty day simple moving average is $38.95 and its 200-day simple moving average is $39.24. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.06 and a beta of 2.13. YETI has a 12 month low of $33.41 and a 12 month high of $48.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

Institutional Investors Weigh In On YETI

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after acquiring an additional 62,619 shares during the period. Algert Global LLC lifted its holdings in shares of YETI by 443.0% during the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after acquiring an additional 38,793 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of YETI by 26,657.7% during the 3rd quarter. International Assets Investment Management LLC now owns 43,615 shares of the company’s stock worth $1,790,000 after acquiring an additional 43,452 shares during the period. Qsemble Capital Management LP lifted its holdings in shares of YETI by 320.3% during the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock worth $1,090,000 after acquiring an additional 20,253 shares during the period. Finally, Intech Investment Management LLC purchased a new position in shares of YETI during the 3rd quarter worth about $1,415,000.

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.