YETI (NYSE:YETI) Reaches New 1-Year Low - Here's Why

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $30.03 and last traded at $30.29, with a volume of 475855 shares trading hands. The stock had previously closed at $34.72.

Analyst Ratings Changes

Several brokerages have recently weighed in on YETI. KeyCorp decreased their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. UBS Group decreased their price objective on YETI from $44.00 to $43.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus dropped their target price on YETI from $45.00 to $40.00 and set a "hold" rating on the stock in a report on Friday, February 14th. Morgan Stanley decreased their price target on YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Finally, Canaccord Genuity Group dropped 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.77.

YETI Stock Performance

The stock's fifty day simple moving average is $35.29 and its 200-day simple moving average is $37.90. The company has a market capitalization of $2.32 billion, a PE ratio of 13.55, a PEG ratio of 1.05 and a beta of 2.04. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10.

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YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.87 EPS 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 for the quarter, compared to analysts' expectations of $554.08 million. On average, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of YETI

Several large investors have recently modified their holdings of YETI. JPMorgan Chase & Co. grew its holdings in YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company's stock valued at $17,922,000 after buying an additional 62,619 shares during the last quarter. Truist Financial Corp raised its stake in YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock valued at $1,098,000 after purchasing an additional 21,450 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in YETI in the 4th quarter valued at about $693,000. Clearbridge Investments LLC acquired a new stake in shares of YETI during the 4th quarter worth about $10,767,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of YETI by 5.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 773,553 shares of the company's stock worth $29,790,000 after buying an additional 39,709 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.