YETI (NYSE:YETI) Reaches New 12-Month Low – Should You Sell?

YETI Holdings, Inc. (NYSE:YETI) hit a new 52-week low during trading on Thursday . The stock traded as low as $30.03 and last traded at $30.29, with a volume of 475855 shares traded. The stock had previously closed at $34.72.

Wall Street Analyst Weigh In

Several research firms have commented on YETI. Stifel Nicolaus cut their price target on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. KeyCorp dropped their target price on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley dropped their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a research note on Friday, February 14th. Canaccord Genuity Group lowered their target price on shares of YETI from $44.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, February 14th. Finally, UBS Group cut their price target 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, YETI has an average rating of “Hold” and a consensus target price of $44.77.

YETI Price Performance

The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a 50-day moving average price of $35.80 and a 200-day moving average price of $38.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18.

YETI (NYSE:YETI) last released its quarterly earnings data 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 net margin of 9.60% and a return on equity of 28.23%. The firm had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. On average, equities research analysts expect that YETI Holdings, Inc. will post 2.57 EPS for the current fiscal year.

Institutional Trading of YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in YETI. Gates Capital Management Inc. bought a new position in shares of YETI in the fourth quarter valued at about $135,356,000. Brown Advisory Inc. acquired a new position in YETI in the 4th quarter valued at $40,496,000. Westwood Holdings Group Inc. bought a new stake in shares of YETI during the 4th quarter valued at $37,098,000. Norges Bank acquired a new stake in shares of YETI during the 4th quarter worth $36,778,000. Finally, Nomura Holdings Inc. increased its position in shares of YETI by 595.8% in the fourth quarter. Nomura Holdings Inc. now owns 595,154 shares of the company’s stock worth $22,919,000 after purchasing an additional 509,616 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.