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

Shares of YETI Holdings, Inc. (NYSE:YETI) have been assigned a consensus rating of “Hold” from the fifteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $46.47.

Several research analysts have issued reports on the company. Piper Sandler reissued an “overweight” rating and issued a $54.00 target price (up from $52.00) on shares of YETI in a research report on Friday, May 10th. William Blair reissued an “outperform” rating on shares of YETI in a research report on Wednesday, May 1st. TD Cowen raised their target price on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a research report on Friday, May 10th. Canaccord Genuity Group lifted their price objective on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th. Finally, Jefferies Financial Group lifted their price objective on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, July 18th.

Institutional Trading of YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Research Global Investors raised its stake in YETI by 2.4% during the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after purchasing an additional 248,680 shares during the period. Baillie Gifford & Co. raised its stake in YETI by 53.0% during the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock valued at $487,583,000 after purchasing an additional 3,260,704 shares during the period. Vanguard Group Inc. raised its stake in YETI by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock valued at $318,690,000 after purchasing an additional 57,582 shares during the period. Franklin Resources Inc. raised its stake in YETI by 18.7% during the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock valued at $207,090,000 after purchasing an additional 629,287 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in YETI by 8.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock worth $65,687,000 after acquiring an additional 103,732 shares during the last quarter.

YETI Price Performance

NYSE YETI opened at $39.85 on Thursday. YETI has a one year low of $33.88 and a one year high of $54.15. The stock has a 50-day moving average of $39.59 and a 200 day moving average of $39.86. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.18 and a beta of 2.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35.

YETI (NYSE:YETI) last announced its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.07. The business had revenue of $341.39 million for the quarter, compared to analysts’ expectations of $333.79 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. On average, sell-side analysts forecast that YETI will post 2.36 EPS for the current year.

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.