YETI Holdings, Inc. (NYSE:YETI) Receives Consensus Recommendation of “Hold” from Analysts

YETI Holdings, Inc. (NYSE:YETI) has received a consensus recommendation of “Hold” from the fourteen research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $44.69.

A number of equities research analysts recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $54.00 target price (down from $55.00) on shares of YETI in a report on Friday, November 8th. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $40.00 in a report on Wednesday, November 6th. 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 report on Monday, November 11th. UBS Group lowered their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Finally, KeyCorp lowered their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th.

YETI Stock Performance

Shares of YETI opened at $37.74 on Thursday. The company has a 50-day moving average of $39.63 and a two-hundred day moving average of $39.35. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.20 billion, a P/E ratio of 16.20, a PEG ratio of 1.07 and a beta of 2.14. YETI has a 12-month low of $33.41 and a 12-month high of $49.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its stake 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 during the period. KBC Group NV boosted its stake in shares of YETI by 26.5% in the fourth quarter. KBC Group NV now owns 3,631 shares of the company’s stock valued at $140,000 after purchasing an additional 760 shares during the period. Union Bancaire Privee UBP SA purchased a new position in shares of YETI in the fourth quarter valued at $1,777,000. Blue Trust Inc. boosted its stake 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 period. Finally, SG Americas Securities LLC boosted its stake in shares of YETI by 42.9% in the fourth quarter. SG Americas Securities LLC now owns 16,604 shares of the company’s stock valued at $639,000 after purchasing an additional 4,981 shares during the period.

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.