YETI (NYSE:YETI) Sets New 12-Month Low – Should You Sell?

Shares of YETI Holdings, Inc. (NYSE:YETI) hit a new 52-week low during trading on Wednesday . The stock traded as low as $33.41 and last traded at $34.44, with a volume of 1108878 shares. The stock had previously closed at $37.25.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Roth Mkm raised their target price on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. KeyCorp raised their target price on YETI from $36.00 to $38.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Jefferies Financial Group lifted their price objective on YETI from $54.00 to $55.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective on shares of YETI in a report on Tuesday, July 30th. Finally, TD Cowen lifted their price objective on YETI from $43.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and an average price target of $45.62.

YETI Price Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. The company has a 50-day moving average price of $38.87 and a 200-day moving average price of $39.12. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 15.94, a price-to-earnings-growth ratio of 1.07 and a beta of 2.12.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.06. The business had revenue of $463.50 million during the quarter, compared to analyst estimates of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. YETI’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.35 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new stake in shares of YETI during the 3rd quarter worth approximately $26,000. Crewe Advisors LLC acquired a new position in shares of YETI during the 1st quarter worth approximately $27,000. Versant Capital Management Inc increased its holdings in shares of YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after acquiring an additional 709 shares during the last quarter. Blue Trust Inc. grew its holdings in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares in the last quarter. Finally, Fidelis Capital Partners LLC acquired a new position in YETI in the 1st quarter valued at $35,000.

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.