YETI Holdings, Inc. (NYSE:YETI) Given Consensus Rating of “Hold” by Brokerages

YETI Holdings, Inc. (NYSE:YETI) has been assigned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $45.46.

Several research firms have commented on YETI. Bank of America downgraded shares of YETI from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Roth Mkm increased their target price on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. B. Riley increased their target price on shares of YETI from $38.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $54.00 target price (down from $55.00) on shares of YETI in a research report on Friday, November 8th. Finally, KeyCorp raised 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.

YETI Price Performance

Shares of NYSE:YETI opened at $41.29 on Wednesday. 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 firm has a market cap of $3.50 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.19 and a beta of 2.15. YETI has a 1 year low of $33.41 and a 1 year high of $54.15. The business has a fifty day simple moving average of $39.08 and a 200 day simple moving average of $39.42.

Institutional Investors Weigh In On YETI

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in YETI by 0.7% during the first quarter. Vanguard Group Inc. now owns 8,266,931 shares of the company’s stock worth $318,690,000 after purchasing an additional 57,582 shares during the period. Lazard Asset Management LLC bought a new position in YETI during the first quarter worth about $132,000. Price T Rowe Associates Inc. MD lifted its stake in YETI by 5.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 52,226 shares of the company’s stock worth $2,014,000 after purchasing an additional 2,650 shares during the period. Janus Henderson Group PLC lifted its stake in YETI by 65.8% during the first quarter. Janus Henderson Group PLC now owns 68,237 shares of the company’s stock worth $2,630,000 after purchasing an additional 27,076 shares during the period. Finally, Tidal Investments LLC lifted its stake in YETI by 48.5% during the first quarter. Tidal Investments LLC now owns 22,395 shares of the company’s stock worth $863,000 after purchasing an additional 7,316 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.