Brokerages Set YETI Holdings, Inc. (NYSE:YETI) Target Price at $42.20

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have earned an average rating of "Hold" from the sixteen research firms that are covering the firm, Marketbeat.com reports. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $42.20.

Several equities analysts have recently issued reports on YETI shares. Robert W. Baird lowered their price objective on shares of YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. UBS Group decreased their price target on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Morgan Stanley cut their price objective on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a research report on Friday, February 14th. Canaccord Genuity Group dropped their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Finally, The Goldman Sachs Group dropped their target price on shares of YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd.

YETI Price Performance

YETI traded down $0.26 on Friday, reaching $28.61. The company had a trading volume of 2,132,521 shares, compared to its average volume of 1,684,623. YETI has a one year low of $26.61 and a one year high of $45.25. The company has a market capitalization of $2.37 billion, a P/E ratio of 13.89, a PEG ratio of 1.05 and a beta of 2.04. The company has a fifty day moving average of $32.26 and a 200-day moving average of $36.48. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of YETI. Gates Capital Management Inc. bought a new stake in YETI in the fourth quarter worth $135,356,000. Reinhart Partners LLC. bought a new stake in shares of YETI during the 1st quarter worth about $35,177,000. Brown Advisory Inc. acquired a new position in shares of YETI during the 4th quarter valued at about $40,496,000. Westwood Holdings Group Inc. bought a new position in shares of YETI in the 4th quarter valued at approximately $37,098,000. Finally, Norges Bank acquired a new stake in YETI in the 4th quarter worth approximately $36,778,000.

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.