YETI (NYSE:YETI) Reaches New 12-Month Low - Time to Sell?

YETI Holdings, Inc. (NYSE:YETI - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.66 and last traded at $26.67, with a volume of 1204653 shares changing hands. The stock had previously closed at $28.24.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on YETI shares. KeyCorp upgraded YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday. Morgan Stanley dropped their target price on shares of 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 lowered their price objective on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a report on Friday, February 14th. UBS Group dropped their target price on shares of YETI from $43.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Stifel Nicolaus lowered their price target on shares of YETI from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.14.

YETI Stock Up 3.4 %

The company has a fifty day moving average of $33.40 and a 200 day moving average of $37.08. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.31 billion, a P/E ratio of 13.52, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

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

Hedge Funds Weigh In On YETI

Several large investors have recently added to or reduced their stakes in YETI. Allworth Financial LP boosted its stake in shares of YETI by 237.1% in the fourth quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $25,000 after acquiring an additional 467 shares during the period. Wilmington Savings Fund Society FSB bought a new position in YETI in the 3rd quarter worth approximately $38,000. Aster Capital Management DIFC Ltd bought a new stake in shares of YETI during the fourth quarter valued at approximately $44,000. Pilgrim Partners Asia Pte Ltd purchased a new position in YETI during the fourth quarter valued at $45,000. Finally, GeoWealth Management LLC purchased a new stake in YETI in the 4th quarter worth $48,000.

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.