YETI (NYSE:YETI) Reaches New 52-Week Low – What’s Next?

YETI Holdings, Inc. (NYSE:YETI)’s stock price reached 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

A number of equities analysts have recently weighed in on the company. UBS Group dropped their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Stifel Nicolaus cut their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Canaccord Genuity Group lowered their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Morgan Stanley reduced their price target 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, KeyCorp dropped 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.77.

YETI Trading Up 1.0 %

The stock has a fifty day moving average price of $35.49 and a 200 day moving average price of $38.00. The stock has a market cap of $2.49 billion, a PE ratio of 14.62, a PEG ratio of 1.05 and a beta of 2.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

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

Institutional Trading of YETI

Several institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after buying an additional 467 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in YETI in the third quarter worth $38,000. Aster Capital Management DIFC Ltd bought a new position in shares of YETI in the fourth quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd bought a new position in YETI in the 4th quarter worth about $45,000. Finally, Blue Trust Inc. increased its position in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after acquiring an additional 333 shares during the period.

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.