YETI (NYSE:YETI) Shares Gap Up - What's Next?

Shares of YETI Holdings, Inc. (NYSE:YETI - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $37.91, but opened at $39.87. YETI shares last traded at $37.49, with a volume of 1,218,209 shares changing hands.

Analyst Ratings Changes

Several equities analysts have recently issued reports on YETI shares. Stifel Nicolaus decreased their price objective on YETI from $45.00 to $40.00 and set a "hold" rating for the company in a research note on Friday. Piper Sandler reiterated an "overweight" rating and set a $54.00 price target (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. KeyCorp reduced their price objective on shares of YETI from $36.00 to $35.00 and set an "underweight" rating on the stock in a report on Wednesday, January 8th. TD Cowen lowered their target price 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. Finally, Canaccord Genuity Group cut their price target on YETI from $44.00 to $42.00 and set a "hold" rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $44.77.

YETI Stock Performance

The company has a market cap of $3.22 billion, a PE ratio of 16.32, a PEG ratio of 1.06 and a beta of 2.13. The stock has a 50 day simple moving average of $38.78 and a two-hundred day simple moving average of $39.19. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

YETI (NYSE:YETI - Get Free Report) last released its quarterly 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 11.15% and a return on equity of 28.31%. The business had revenue of $555.37 million during the quarter, compared to analysts' expectations of $554.08 million. Equities analysts predict that YETI Holdings, Inc. will post 2.37 EPS for the current year.

Hedge Funds Weigh In On YETI

Several institutional investors have recently added to or reduced their stakes in YETI. Jones Financial Companies Lllp lifted its position in YETI by 22.5% in the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock valued at $59,000 after purchasing an additional 280 shares during the period. Central Pacific Bank Trust Division increased its holdings in YETI by 6.7% during the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company's stock valued at $179,000 after acquiring an additional 290 shares in the last quarter. Atria Investments Inc raised its position in YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after acquiring an additional 328 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of YETI by 2.7% in the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock valued at $487,000 after purchasing an additional 332 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of YETI by 38.4% in the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock valued at $49,000 after purchasing an additional 333 shares during the last quarter.

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.