Brokerages Set YETI Holdings, Inc. (NYSE:YETI) Target Price at $46.29

Shares of YETI Holdings, Inc. (NYSE:YETI) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $46.29.

Several research analysts recently issued reports on the company. Roth Mkm upped their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, August 9th. TD Cowen lifted their target price on shares of YETI from $43.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Jefferies Financial Group upped their price target on shares of YETI from $54.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Morgan Stanley lifted their price objective on shares of YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, Canaccord Genuity Group upped their target price on YETI from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Friday, May 10th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of YETI. Capital Research Global Investors increased its holdings in shares of YETI by 2.4% during the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after purchasing an additional 248,680 shares in the last quarter. Vanguard Group Inc. increased its holdings in YETI by 0.7% in the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock valued at $318,690,000 after buying an additional 57,582 shares in the last quarter. Franklin Resources Inc. raised its position in shares of YETI by 18.7% in the fourth quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after acquiring an additional 629,287 shares during the period. American Century Companies Inc. boosted its stake in shares of YETI by 311.4% during the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after acquiring an additional 1,488,994 shares in the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of YETI by 5.8% during the 2nd quarter. Van Berkom & Associates Inc. now owns 1,918,642 shares of the company’s stock valued at $73,196,000 after acquiring an additional 105,859 shares during the period.

YETI Stock Up 0.4 %

NYSE:YETI opened at $40.74 on Monday. The company’s 50-day simple moving average is $39.41 and its 200-day simple moving average is $39.32. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.22 and a current ratio of 2.29. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The stock has a market capitalization of $3.47 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.26 and a beta of 2.14.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The company had revenue of $463.50 million during the quarter, compared to the consensus estimate of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. YETI’s revenue was up 15.1% compared to the same quarter last year. During the same period last year, the firm earned $0.51 earnings per share. On average, equities analysts anticipate that YETI will post 2.35 earnings per share for the current fiscal year.

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.