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

Shares of YETI Holdings, Inc. (NYSE:YETI) reached a new 52-week low on Wednesday . The company traded as low as $33.17 and last traded at $33.37, with a volume of 345984 shares. The stock had previously closed at $33.98.

Analyst Ratings Changes

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

YETI Stock Down 2.1 %

The stock has a fifty day simple moving average of $37.06 and a two-hundred day simple moving average of $38.69. The firm has a market cap of $2.74 billion, a PE ratio of 16.21, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. As a group, sell-side analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Institutional Trading of YETI

Institutional investors and hedge funds have recently modified their holdings of the business. Wasatch Advisors LP raised its stake in YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company’s stock valued at $212,924,000 after purchasing an additional 51,443 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of YETI by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock worth $137,114,000 after buying an additional 489,063 shares during the last quarter. Gates Capital Management Inc. purchased a new stake in shares of YETI during the 4th quarter valued at $135,356,000. Dimensional Fund Advisors LP lifted its holdings in shares of YETI by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company’s stock worth $57,812,000 after acquiring an additional 22,123 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in YETI by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after acquiring an additional 7,382 shares in the last quarter.

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.