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

YETI Holdings, Inc. (NYSE:YETI) has been assigned an average recommendation of “Hold” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $44.77.

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

Institutional Investors Weigh In On YETI

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in shares of YETI by 16.7% in the third quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock valued at $17,922,000 after purchasing an additional 62,619 shares during the last quarter. Truist Financial Corp boosted its stake in YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company’s stock valued at $1,098,000 after purchasing an additional 21,450 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in YETI by 5.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company’s stock valued at $29,790,000 after buying an additional 39,709 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in YETI in the 4th quarter worth approximately $693,000. Finally, Chase Investment Counsel Corp acquired a new position in shares of YETI during the fourth quarter worth approximately $1,463,000.

YETI Price Performance

Shares of NYSE YETI opened at $30.12 on Tuesday. YETI has a 1-year low of $28.09 and a 1-year high of $45.25. The firm has a market capitalization of $2.49 billion, a PE ratio of 14.62, a P/E/G ratio of 1.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The business’s fifty day moving average price is $35.49 and its two-hundred day moving average price is $37.99.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. On average, research analysts expect that YETI will post 2.57 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.