YETI Holdings, Inc. (NYSE:YETI) Receives $46.47 Average PT from Brokerages

YETI Holdings, Inc. (NYSE:YETI) has earned an average rating of “Hold” from the fifteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $46.47.

A number of equities research analysts have recently commented on YETI shares. Raymond James lifted their target price on YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. TD Cowen lifted their target price on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a research note on Friday, May 10th. Piper Sandler reiterated an “overweight” rating and set a $54.00 target price (up from $52.00) on shares of YETI in a research note on Friday, May 10th. Morgan Stanley lifted their target price on YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Friday, May 10th. Finally, Roth Mkm lowered their target price on YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a research note on Friday, May 10th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors grew its holdings in YETI by 2.4% during the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock valued at $401,630,000 after buying an additional 248,680 shares in the last quarter. Baillie Gifford & Co. grew its holdings in shares of YETI by 53.0% during the fourth quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after purchasing an additional 3,260,704 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 in the last quarter. Franklin Resources Inc. grew its holdings in shares of YETI by 18.7% during the fourth quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after purchasing an additional 629,287 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of YETI by 8.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,268,521 shares of the company’s stock worth $65,687,000 after purchasing an additional 103,732 shares in the last quarter.

YETI Price Performance

Shares of NYSE:YETI opened at $39.85 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.14 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $39.59 and its two-hundred day simple moving average is $39.86. YETI has a 1-year low of $33.88 and a 1-year high of $54.15. The stock has a market cap of $3.40 billion, a PE ratio of 19.83, a price-to-earnings-growth ratio of 1.18 and a beta of 2.15.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.07. YETI had a return on equity of 28.81% and a net margin of 10.32%. The business had revenue of $341.39 million for the quarter, compared to analysts’ expectations of $333.79 million. As a group, analysts forecast that YETI will post 2.36 EPS for the current fiscal 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.