YETI (NYSE:YETI) Reaches New 12-Month Low – Time to Sell?

Shares of YETI Holdings, Inc. (NYSE:YETI) hit a new 52-week low during trading on Thursday . The company traded as low as $30.03 and last traded at $30.29, with a volume of 475855 shares changing hands. The stock had previously closed at $34.72.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research note on Friday, February 14th. KeyCorp decreased their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price target on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Morgan Stanley reduced their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. Finally, UBS Group dropped their target price on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $44.77.

YETI Trading Up 1.0 %

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 stock’s 50-day moving average is $35.49 and its two-hundred day moving average is $38.00. The company has a market cap of $2.49 billion, a P/E ratio of 14.62, a P/E/G ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI) last released its quarterly earnings results 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 firm had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. As a group, equities research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allworth Financial LP raised its holdings in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after purchasing an additional 467 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the third quarter worth about $38,000. Aster Capital Management DIFC Ltd purchased a new position in shares of YETI during the 4th quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of YETI during the 4th quarter valued at approximately $45,000. Finally, GeoWealth Management LLC bought a new position in shares of YETI during the 4th quarter valued at approximately $48,000.

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.