YETI Holdings, Inc. (NYSE:YETI) Receives $46.80 Consensus Target Price from Brokerages

Shares of YETI Holdings, Inc. (NYSE:YETI) have been given an average rating of “Hold” by the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $46.80.

YETI has been the subject of several recent research reports. Roth Mkm cut their target price on shares of YETI from $43.00 to $42.00 and set a “neutral” rating for the company in a report on Friday, May 10th. Piper Sandler reaffirmed an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of YETI in a report on Friday, May 10th. William Blair reaffirmed an “outperform” rating on shares of YETI in a report on Wednesday, May 1st. Raymond James boosted their price target on shares of YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, B. Riley cut their price target on shares of YETI from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, April 25th.

YETI Stock Up 0.0 %

NYSE:YETI opened at $37.21 on Friday. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The stock has a market capitalization of $3.17 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.13 and a beta of 2.14. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. The company’s 50-day simple moving average is $39.30 and its 200-day simple moving average is $41.39.

YETI (NYSE:YETI) last posted its earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. The firm had revenue of $341.39 million during the quarter, compared to analyst estimates of $333.79 million. YETI had a net margin of 10.32% and a return on equity of 28.81%. On average, equities analysts anticipate that YETI will post 2.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On YETI

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Crewe Advisors LLC acquired a new stake in YETI during the 1st quarter worth $27,000. Fidelis Capital Partners LLC purchased a new position in YETI during the first quarter worth about $35,000. Sachetta LLC acquired a new position in YETI in the 4th quarter valued at about $53,000. Principal Securities Inc. purchased a new stake in shares of YETI in the 4th quarter valued at approximately $74,000. Finally, Signaturefd LLC increased its holdings in shares of YETI by 27.0% during the 4th quarter. Signaturefd LLC now owns 1,732 shares of the company’s stock worth $90,000 after buying an additional 368 shares during the last quarter.

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.