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

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have earned a consensus rating of "Hold" from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $45.46.

Several analysts recently weighed in on YETI shares. TD Cowen reduced their price objective on shares of YETI from $46.00 to $44.00 and set a "hold" rating for the company in a research note on Monday, November 11th. Piper Sandler restated an "overweight" rating and issued a $54.00 price objective (down from $55.00) on shares of YETI in a report on Friday, November 8th. Canaccord Genuity Group reissued a "hold" rating and issued a $44.00 target price on shares of YETI in a report on Thursday, November 14th. Finally, Bank of America downgraded YETI from a "buy" rating to a "neutral" rating and lowered their price target for the company from $55.00 to $40.00 in a report on Wednesday, November 6th.

Hedge Funds Weigh In On YETI

Institutional investors and hedge funds have recently made changes to their positions in the business. Algert Global LLC boosted its stake in shares of YETI by 443.0% during the 3rd quarter. Algert Global LLC now owns 47,550 shares of the company's stock worth $1,951,000 after purchasing an additional 38,793 shares during the period. International Assets Investment Management LLC grew its stake in shares of YETI by 26,657.7% during the third quarter. International Assets Investment Management LLC now owns 43,615 shares of the company's stock valued at $1,790,000 after buying an additional 43,452 shares during the last quarter. Qsemble Capital Management LP raised its holdings in shares of YETI by 320.3% in the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company's stock worth $1,090,000 after buying an additional 20,253 shares during the period. Intech Investment Management LLC bought a new stake in shares of YETI during the 3rd quarter worth approximately $1,415,000. Finally, Schwartz Investment Counsel Inc. grew its position in YETI by 7.5% in the 3rd quarter. Schwartz Investment Counsel Inc. now owns 362,150 shares of the company's stock valued at $14,859,000 after acquiring an additional 25,300 shares during the last quarter.

YETI Trading Down 0.6 %

Shares of YETI stock traded down $0.22 during midday trading on Friday, reaching $39.41. 2,154,207 shares of the company's stock traded hands, compared to its average volume of 1,612,737. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The stock has a 50 day moving average of $39.53 and a 200-day moving average of $39.70. The company has a market cap of $3.34 billion, a PE ratio of 16.91, a price-to-earnings-growth ratio of 1.37 and a beta of 2.15. YETI has a 12 month low of $33.41 and a 12 month high of $54.15.

YETI Company Profile

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.