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

Shares of YETI Holdings, Inc. (NYSE:YETIGet Free Report) have been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $49.59.

YETI has been the topic of a number of research analyst reports. Canaccord Genuity Group reiterated a “hold” rating and set a $50.00 target price (up previously from $49.00) on shares of YETI in a report on Thursday, January 4th. KeyCorp upped their price target on YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a research note on Friday, January 12th. Stifel Nicolaus upped their price target on YETI from $40.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, December 14th. Finally, Canaccord Genuity Group downgraded YETI from a “buy” rating to a “hold” rating and upped their price target for the stock from $49.00 to $50.00 in a research note on Thursday, January 4th.

Check Out Our Latest Research Report on YETI

Hedge Funds Weigh In On YETI

Hedge funds and other institutional investors have recently modified their holdings of the company. Pinebridge Investments L.P. bought a new position in shares of YETI during the 2nd quarter valued at $26,000. International Assets Investment Management LLC bought a new position in YETI in the 3rd quarter worth $44,000. Global Wealth Management Investment Advisory Inc. raised its holdings in YETI by 67.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after purchasing an additional 300 shares during the period. First Manhattan Co. bought a new position in YETI in the 4th quarter worth $50,000. Finally, State of Wyoming raised its holdings in YETI by 37.2% in the 4th quarter. State of Wyoming now owns 1,255 shares of the company’s stock worth $52,000 after purchasing an additional 340 shares during the period.

YETI Trading Down 3.2 %

YETI opened at $42.77 on Thursday. The business has a 50 day simple moving average of $47.33 and a two-hundred day simple moving average of $45.17. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 58.59, a PEG ratio of 1.90 and a beta of 2.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.19 and a quick ratio of 1.25. YETI has a one year low of $34.70 and a one year high of $54.15.

YETI (NYSE:YETIGet Free Report) last posted its earnings results on Thursday, November 9th. The company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.04. YETI had a return on equity of 29.12% and a net margin of 4.00%. The firm had revenue of $433.56 million for the quarter, compared to the consensus estimate of $426.27 million. Analysts predict that YETI will post 2.07 EPS for the current year.

YETI Company Profile

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YETI Holdings, Inc designs, markets, 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. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand.

Further Reading

Analyst Recommendations for YETI (NYSE:YETI)

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