YETI Holdings, Inc. (NYSE:YETI) Receives $48.29 Consensus Target Price from Analysts

YETI Holdings, Inc. (NYSE:YETI) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $48.29.

Several equities research analysts have recently issued reports on YETI shares. Canaccord Genuity Group dropped their price objective on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Stifel Nicolaus dropped their price objective on shares of YETI from $43.00 to $41.00 and set a “hold” rating for the company in a research report on Friday, February 16th. Raymond James lowered their price target on shares of YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Canaccord Genuity Group lowered shares of YETI from a “buy” rating to a “hold” rating and raised their price target for the company from $49.00 to $50.00 in a report on Thursday, January 4th. Finally, KeyCorp raised their price target on shares of YETI from $33.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, January 12th.

YETI Stock Performance

NYSE:YETI opened at $36.99 on Tuesday. The company has a quick ratio of 1.45, a current ratio of 2.30 and a debt-to-equity ratio of 0.11. The company has a market cap of $3.15 billion, a P/E ratio of 18.97, a P/E/G ratio of 1.48 and a beta of 2.29. YETI has a fifty-two week low of $34.70 and a fifty-two week high of $54.15. The firm’s 50 day moving average is $39.20 and its two-hundred day moving average is $42.87.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of YETI. International Assets Investment Management LLC bought a new position in shares of YETI in the 3rd quarter worth about $44,000. Global Wealth Management Investment Advisory Inc. lifted its position in shares of YETI by 67.0% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 748 shares of the company’s stock worth $45,000 after buying an additional 300 shares during the last quarter. First Manhattan Co. bought a new position in shares of YETI in the 4th quarter worth about $50,000. State of Wyoming lifted its position in shares of YETI by 37.2% in the 4th quarter. State of Wyoming now owns 1,255 shares of the company’s stock worth $52,000 after buying an additional 340 shares during the last quarter. Finally, Sachetta LLC bought a new position in shares of YETI in the 4th quarter worth about $53,000.

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.