YETI (NYSE:YETI) Sets New 52-Week Low - What's Next?

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $33.36 and last traded at $33.53, with a volume of 542109 shares traded. The stock had previously closed at $34.29.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reduced their target price on YETI from $44.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. Morgan Stanley reduced their target price on YETI from $48.00 to $45.00 and set an "equal weight" rating on the stock in a report on Friday, February 14th. Canaccord Genuity Group reduced their target price on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a report on Friday, February 14th. KeyCorp reduced their target price on YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. Finally, TD Cowen reduced their price objective on YETI from $46.00 to $44.00 and set a "hold" rating on the stock in a report on Monday, November 11th. One 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. According to MarketBeat.com, YETI has a consensus rating of "Hold" and an average target price of $44.77.

YETI Stock Performance

The stock has a 50 day moving average price of $37.30 and a two-hundred day moving average price of $38.83. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.94 billion, a price-to-earnings ratio of 17.31, a P/E/G ratio of 1.05 and a beta of 2.15.

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YETI (NYSE:YETI - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Analysts predict that YETI Holdings, Inc. will post 2.57 EPS for the current year.

Institutional Trading of YETI

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of YETI by 16.7% in 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 in the last quarter. Algert Global LLC increased its holdings in 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 in the last quarter. Truist Financial Corp increased its holdings in YETI by 304.2% during the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock worth $1,098,000 after purchasing an additional 21,450 shares in the last quarter. Qsemble Capital Management LP increased its holdings in YETI by 320.3% during the 3rd quarter. Qsemble Capital Management LP now owns 26,576 shares of the company's stock worth $1,090,000 after purchasing an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in YETI during the 3rd quarter worth about $1,415,000.

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.