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

YETI Holdings, Inc. (NYSE:YETI) has been given an average recommendation of “Hold” by the thirteen research firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.00.

Several research firms have recently weighed in on YETI. Raymond James reduced their target price on YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $50.00 price objective (up from $49.00) on shares of YETI in a research note on Thursday, January 4th. Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and upped their price objective for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Stifel Nicolaus reduced their price objective on YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research note on Friday, February 16th. Finally, KeyCorp increased their target price on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, January 12th.

YETI Trading Up 0.5 %

NYSE:YETI opened at $38.55 on Friday. The stock has a 50-day simple moving average of $41.22 and a 200-day simple moving average of $43.85. The stock has a market cap of $3.35 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.45 and a beta of 2.31. YETI has a 1 year low of $34.70 and a 1 year high of $54.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million for the quarter, compared to analyst estimates of $535.99 million. During the same period in the prior year, the company posted $0.75 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, analysts anticipate that YETI will post 2.27 earnings per share for the current fiscal year.

Institutional Trading of YETI

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Baillie Gifford & Co. increased its position in shares of YETI by 53.0% during the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after acquiring an additional 3,260,704 shares during the last quarter. Vanguard Group Inc. grew its stake in YETI by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 8,209,349 shares of the company’s stock worth $425,080,000 after purchasing an additional 126,154 shares in the last quarter. BlackRock Inc. grew its stake in YETI by 2.4% in the first quarter. BlackRock Inc. now owns 7,759,032 shares of the company’s stock worth $310,361,000 after purchasing an additional 180,218 shares in the last quarter. Capital World Investors grew its stake in YETI by 23.4% in the first quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock worth $435,865,000 after purchasing an additional 1,376,536 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in YETI by 6.7% in the first quarter. Wellington Management Group LLP now owns 4,613,072 shares of the company’s stock worth $276,692,000 after purchasing an additional 289,335 shares in 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.