Analysts Set YETI Holdings, Inc. (NYSE:YETI) Target Price at $38.54

Shares of YETI Holdings, Inc. (NYSE:YETI) have been given a consensus recommendation of “Hold” by the fourteen analysts that are presently covering the stock, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $38.5385.

YETI has been the subject of several research analyst reports. Stifel Nicolaus increased their target price on shares of YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Citigroup increased their target price on shares of YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Morgan Stanley reaffirmed a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Canaccord Genuity Group increased their target price on shares of YETI from $33.00 to $34.00 and gave the stock a “hold” rating in a research note on Friday, August 8th. Finally, UBS Group increased their target price on shares of YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Mystic Asset Management Inc. grew its holdings in shares of YETI by 2.0% during the 1st quarter. Mystic Asset Management Inc. now owns 19,278 shares of the company’s stock worth $638,000 after purchasing an additional 375 shares during the period. Parallel Advisors LLC raised its position in shares of YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares in the last quarter. UMB Bank n.a. raised its position in shares of YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of YETI by 2.5% in the 1st quarter. Hsbc Holdings PLC now owns 19,429 shares of the company’s stock valued at $638,000 after purchasing an additional 483 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of YETI by 7.6% in the 2nd quarter. Assetmark Inc. now owns 6,909 shares of the company’s stock valued at $218,000 after purchasing an additional 488 shares in the last quarter.

YETI Trading Down 0.9%

Shares of YETI opened at $34.09 on Tuesday. The company has a current ratio of 2.52, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. YETI has a 12-month low of $26.61 and a 12-month high of $45.25. The firm has a 50-day moving average price of $35.48 and a 200 day moving average price of $32.53. The firm has a market capitalization of $2.77 billion, a P/E ratio of 16.24, a P/E/G ratio of 2.43 and a beta of 1.86.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The firm had revenue of $445.89 million during the quarter, compared to analyst estimates of $461.73 million. During the same quarter in the prior year, the firm posted $0.70 earnings per share. YETI’s quarterly revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Sell-side analysts forecast that YETI will post 2.57 EPS for the current year.

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.