YETI (NYSE:YETI) Shares Down 4.2% – Time to Sell?

YETI Holdings, Inc. (NYSE:YETI) traded down 4.2% during mid-day trading on Monday . The stock traded as low as $40.16 and last traded at $40.27. 178,062 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 1,573,308 shares. The stock had previously closed at $42.04.

Analysts Set New Price Targets

A number of research analysts recently weighed in on YETI shares. Citigroup dropped their price target on shares of YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Monday, August 5th. B. Riley boosted their target price on YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. KeyCorp increased their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Jefferies Financial Group lifted their price target on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, TD Cowen upped their price objective on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, YETI presently has an average rating of “Hold” and a consensus price target of $46.77.

YETI Price Performance

The business’s fifty day simple moving average is $40.03 and its 200-day simple moving average is $39.25. The company has a current ratio of 2.29, a quick ratio of 1.22 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.43 billion, a P/E ratio of 19.16, a PEG ratio of 1.19 and a beta of 2.11.

YETI (NYSE:YETI) last issued its earnings results on Thursday, August 8th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.64 by $0.06. YETI had a return on equity of 28.83% and a net margin of 10.66%. The business had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. During the same quarter last year, the company earned $0.51 EPS. The firm’s revenue was up 15.1% compared to the same quarter last year. As a group, analysts forecast that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in YETI. Crewe Advisors LLC bought a new stake in YETI during the first quarter valued at $27,000. Versant Capital Management Inc boosted its position in shares of YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock valued at $32,000 after acquiring an additional 709 shares during the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of YETI during the first quarter worth about $35,000. Ashton Thomas Private Wealth LLC bought a new position in shares of YETI in the second quarter worth approximately $42,000. Finally, GAMMA Investing LLC raised its stake in YETI by 52.9% in the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after purchasing an additional 423 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.