Analysts Set YETI Holdings, Inc. (NYSE:YETI) PT at $46.43

YETI Holdings, Inc. (NYSE:YETI) has been assigned an average rating of “Hold” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $46.43.

YETI has been the subject of several research analyst reports. Bank of America raised YETI from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $46.00 to $55.00 in a research report on Thursday, August 8th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price target on shares of YETI in a research note on Tuesday, July 30th. B. Riley increased their price target on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. KeyCorp lifted their price objective on shares of YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Finally, Canaccord Genuity Group reissued a “hold” rating and set a $44.00 target price on shares of YETI in a research note on Monday, September 9th.

YETI Trading Up 2.3 %

Shares of YETI stock opened at $39.97 on Friday. The stock has a 50-day moving average of $39.44 and a 200-day moving average of $38.89. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 1.18 and a beta of 2.11. YETI has a 1-year low of $33.88 and a 1-year high of $54.15.

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

Hedge Funds Weigh In On YETI

A number of hedge funds have recently bought and sold shares of YETI. Crewe Advisors LLC purchased a new stake in shares of YETI in the first quarter valued at about $27,000. Versant Capital Management Inc increased its stake in YETI by 571.8% in the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after buying an additional 709 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in YETI in the 1st quarter valued at about $35,000. Sachetta LLC bought a new position in shares of YETI during the 4th quarter worth approximately $53,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of YETI in the 2nd quarter worth approximately $42,000.

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.