Analysts Set YETI Holdings, Inc. (NYSE:YETI) PT at $46.43

Shares of YETI Holdings, Inc. (NYSE:YETI) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $46.43.

A number of research analysts recently weighed in on the stock. Roth Mkm lifted their price objective on shares of YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, August 9th. Citigroup decreased their price objective on YETI from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Monday, August 5th. Piper Sandler restated an “overweight” rating and issued a $54.00 target price on shares of YETI in a research note on Tuesday, July 30th. KeyCorp upped their price target on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. Finally, TD Cowen raised their price objective on shares of YETI from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 9th.

YETI Stock Up 2.3 %

Shares of NYSE YETI opened at $39.97 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22. The stock has a market capitalization of $3.41 billion, a PE ratio of 19.89, a P/E/G ratio of 1.18 and a beta of 2.11. YETI has a one year low of $33.88 and a one year high of $54.15. The business’s fifty day moving average price is $39.44 and its 200-day moving average price is $38.89.

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

Institutional Trading of YETI

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in YETI by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock valued at $65,687,000 after purchasing an additional 103,732 shares in the last quarter. SG Americas Securities LLC lifted its position in YETI by 259.4% in the 1st quarter. SG Americas Securities LLC now owns 21,170 shares of the company’s stock worth $816,000 after buying an additional 15,280 shares during the last quarter. Trexquant Investment LP purchased a new stake in YETI in the fourth quarter worth approximately $8,484,000. Congress Asset Management Co. MA grew its position in YETI by 7.7% during the first quarter. Congress Asset Management Co. MA now owns 790,900 shares of the company’s stock valued at $30,489,000 after acquiring an additional 56,881 shares during the last quarter. Finally, BOKF NA raised its stake in shares of YETI by 12,075.3% during the first quarter. BOKF NA now owns 18,263 shares of the company’s stock worth $701,000 after acquiring an additional 18,113 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.