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

Shares of YETI Holdings, Inc. (NYSE:YETI) have received an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $44.77.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp increased its position in shares of YETI by 22.5% during the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Central Pacific Bank Trust Division grew its stake in shares of YETI by 6.7% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after buying an additional 290 shares in the last quarter. Atria Investments Inc increased its holdings in YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock worth $312,000 after buying an additional 328 shares during the last quarter. Pacer Advisors Inc. raised its position in YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after acquiring an additional 332 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after acquiring an additional 333 shares during the last quarter.

YETI Stock Down 2.9 %

YETI stock opened at $34.01 on Friday. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.80 billion, a P/E ratio of 16.51, a P/E/G ratio of 1.05 and a beta of 2.15. The firm’s fifty day simple moving average is $37.06 and its 200-day simple moving average is $38.69. YETI has a 1-year low of $33.36 and a 1-year high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.87 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%. Sell-side analysts forecast that YETI will post 2.57 earnings per share for the current fiscal 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.