YETI (NYSE:YETI) Sets New 52-Week Low – Time to Sell?

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

Analyst Upgrades and Downgrades

YETI has been the subject of several recent research reports. Morgan Stanley reduced their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. KeyCorp cut their price objective on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their target price on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, February 14th. UBS Group reduced their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen lowered their price objective on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a research report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, YETI has an average rating of “Hold” and a consensus price target of $44.77.

YETI Stock Down 0.2 %

The business’s 50-day moving average is $37.49 and its 200-day moving average is $38.89. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 1.05 and a beta of 2.15. 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 (NYSE:YETI) last issued its earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. As a group, equities analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On YETI

Institutional investors have recently modified their holdings of the business. Wasatch Advisors LP increased its position in shares of YETI by 0.9% in the fourth quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company’s stock valued at $212,924,000 after buying an additional 51,443 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of YETI by 15.9% during the fourth quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company’s stock worth $137,114,000 after purchasing an additional 489,063 shares in the last quarter. Gates Capital Management Inc. purchased a new position in YETI in the 4th quarter valued at about $135,356,000. Dimensional Fund Advisors LP boosted its holdings in YETI by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company’s stock worth $57,812,000 after buying an additional 22,123 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in YETI by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company’s stock worth $58,573,000 after buying an additional 7,382 shares in the last quarter.

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.