YETI Holdings, Inc. (NYSE:YETI) Receives Consensus Recommendation of "Hold" from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have been given an average rating of "Hold" by the fourteen brokerages that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $44.77.

Several research firms recently weighed in on YETI. Morgan Stanley reduced their target price on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a research report on Friday, February 14th. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. KeyCorp reduced their target price on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a research report on Wednesday, January 8th. TD Cowen reduced their target price on YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a research report on Monday, November 11th. Finally, Canaccord Genuity Group reduced their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research report on Friday, February 14th.

YETI Price Performance

YETI stock traded up $0.69 during trading hours on Friday, hitting $35.67. The stock had a trading volume of 1,557,824 shares, compared to its average volume of 1,690,887. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 17.31, a PEG ratio of 1.05 and a beta of 2.15. YETI has a 1-year low of $33.36 and a 1-year high of $45.25. The stock's fifty day moving average is $37.22 and its two-hundred day moving average is $38.79.

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YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). The firm had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. As a group, analysts predict that YETI will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

Several large investors have recently made changes to their positions in YETI. Gates Capital Management Inc. acquired a new position in shares of YETI during the 4th quarter worth about $135,356,000. Brown Advisory Inc. acquired a new position in YETI in the 4th quarter valued at approximately $40,496,000. Westwood Holdings Group Inc. acquired a new position in YETI in the 4th quarter valued at approximately $37,098,000. Norges Bank acquired a new position in YETI in the 4th quarter valued at approximately $36,778,000. Finally, Nomura Holdings Inc. raised its holdings in YETI by 595.8% in the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock valued at $22,919,000 after acquiring an additional 509,616 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.