YETI Holdings, Inc. (NYSE:YETI) Given Average Recommendation of “Hold” by Brokerages

YETI Holdings, Inc. (NYSE:YETI) has earned an average rating of “Hold” from the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $49.00.

A number of equities research analysts recently issued reports on YETI shares. Canaccord Genuity Group cut YETI from a “buy” rating to a “hold” rating and boosted their price objective for the company from $49.00 to $50.00 in a research note on Thursday, January 4th. Raymond James decreased their price target on YETI from $55.00 to $48.00 and set an “outperform” rating on the stock in a research report on Friday, February 16th. Stifel Nicolaus decreased their price target on YETI from $43.00 to $41.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. B. Riley reiterated a “neutral” rating and set a $42.00 price target on shares of YETI in a research report on Friday, February 16th. Finally, KeyCorp upped their price target on YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a research report on Friday, January 12th.

YETI Trading Up 0.5 %

Shares of YETI stock opened at $38.55 on Friday. YETI has a 52-week low of $34.70 and a 52-week high of $54.15. The stock’s 50-day simple moving average is $41.22 and its 200 day simple moving average is $43.85. The stock has a market capitalization of $3.35 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.45 and a beta of 2.31. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.45 and a current ratio of 2.30.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a net margin of 10.24% and a return on equity of 27.99%. The firm had revenue of $519.79 million during the quarter, compared to the consensus estimate of $535.99 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. As a group, research analysts anticipate that YETI will post 2.27 EPS for the current year.

Institutional Trading of YETI

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in YETI by 53.0% in the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after buying an additional 3,260,704 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of YETI by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 8,209,349 shares of the company’s stock valued at $425,080,000 after purchasing an additional 126,154 shares during the period. BlackRock Inc. boosted its stake in shares of YETI by 2.4% during the first quarter. BlackRock Inc. now owns 7,759,032 shares of the company’s stock valued at $310,361,000 after purchasing an additional 180,218 shares during the period. Capital World Investors boosted its stake in shares of YETI by 23.4% during the first quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock valued at $435,865,000 after purchasing an additional 1,376,536 shares during the period. Finally, Wellington Management Group LLP boosted its stake in shares of YETI by 6.7% during the first quarter. Wellington Management Group LLP now owns 4,613,072 shares of the company’s stock valued at $276,692,000 after purchasing an additional 289,335 shares during the period.

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.