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

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) have earned an average rating of "Hold" from the fourteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $44.77.

Several research analysts have recently issued reports on the company. UBS Group lowered their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Canaccord Genuity Group reduced their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday, February 14th. Morgan Stanley lowered their target price 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. KeyCorp lowered their price objective on YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus decreased their target price on shares of YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research report on Friday, February 14th.

Institutional Investors Weigh In On YETI

Institutional investors have recently added to or reduced their stakes in the business. Gates Capital Management Inc. purchased a new stake in shares of YETI in the fourth quarter worth about $135,356,000. Brown Advisory Inc. purchased a new stake in YETI during the fourth quarter valued at about $40,496,000. Westwood Holdings Group Inc. bought a new stake in YETI in the fourth quarter valued at approximately $37,098,000. Norges Bank purchased a new stake in shares of YETI during the fourth quarter valued at approximately $36,778,000. Finally, Nomura Holdings Inc. raised its holdings in YETI by 595.8% during the 4th quarter. Nomura Holdings Inc. now owns 595,154 shares of the company's stock valued at $22,919,000 after buying an additional 509,616 shares during the last quarter.

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YETI Stock Performance

NYSE YETI traded down $4.90 on Tuesday, reaching $29.83. The stock had a trading volume of 5,599,467 shares, compared to its average volume of 1,633,028. YETI has a 1-year low of $29.64 and a 1-year high of $45.25. 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 firm has a fifty day moving average of $35.80 and a two-hundred day moving average of $38.12. The company has a market cap of $2.47 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

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

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.