YETI Holdings, Inc. (NYSE:YETI) Given Consensus Recommendation of "Hold" by Brokerages

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have earned a consensus recommendation of "Hold" from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $44.69.

Several equities analysts have recently weighed in on the company. KeyCorp lowered their price target on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Piper Sandler reissued an "overweight" rating and set a $54.00 price target (down from $55.00) on shares of YETI in a report on Friday, November 8th. UBS Group decreased their target price on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday. Bank of America cut YETI from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $55.00 to $40.00 in a report on Wednesday, November 6th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in YETI. V Square Quantitative Management LLC purchased a new stake in shares of YETI in the third quarter worth approximately $26,000. Blue Trust Inc. increased its stake in YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company's stock worth $33,000 after purchasing an additional 630 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of YETI during the third quarter worth $38,000. GAMMA Investing LLC boosted its stake in shares of YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company's stock valued at $50,000 after purchasing an additional 423 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in YETI by 48.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company's stock worth $63,000 after buying an additional 500 shares during the period.

YETI Stock Performance

Shares of NYSE YETI traded up $0.28 during midday trading on Thursday, hitting $37.15. 1,159,482 shares of the stock traded hands, compared to its average volume of 1,289,068. The firm has a 50-day moving average of $39.90 and a two-hundred day moving average of $39.34. The firm has a market capitalization of $3.15 billion, a P/E ratio of 15.94, a PEG ratio of 1.07 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. YETI has a one year low of $33.41 and a one year high of $49.01.

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.