Brokerages Set YETI Holdings, Inc. (NYSE:YETI) Target Price at $44.77

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $44.77.

Several equities research analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, February 14th. Morgan Stanley dropped their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. Canaccord Genuity Group lowered their price target on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Finally, 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.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in YETI. JPMorgan Chase & Co. boosted its stake in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after buying an additional 62,619 shares during the last quarter. Algert Global LLC raised its holdings in YETI by 443.0% during the third quarter. Algert Global LLC now owns 47,550 shares of the company’s stock worth $1,951,000 after acquiring an additional 38,793 shares in the last quarter. Truist Financial Corp boosted its position in YETI by 304.2% during the fourth 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. Qsemble Capital Management LP grew its stake in YETI by 320.3% in the third quarter. Qsemble Capital Management LP now owns 26,576 shares of the company’s stock valued at $1,090,000 after purchasing an additional 20,253 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of YETI during the 3rd quarter worth approximately $1,415,000.

YETI Stock Down 3.9 %

NYSE:YETI opened at $31.91 on Friday. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. YETI has a 12-month low of $31.48 and a 12-month high of $45.25. The stock’s fifty day simple moving average is $36.96 and its 200-day simple moving average is $38.65. The firm has a market capitalization of $2.63 billion, a P/E ratio of 15.49, a P/E/G ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). The company had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. Equities research analysts expect that YETI will post 2.57 earnings per share for the current 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.