YETI Holdings, Inc. (NYSE:YETI) Receives Consensus Rating of “Hold” from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned a consensus recommendation of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat reports. Ten analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.5385.

Several brokerages have recently commented on YETI. Weiss Ratings restated a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. Raymond James Financial restated an “outperform” rating and set a $37.00 price target (up previously from $34.00) on shares of YETI in a research note on Friday, August 8th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Morgan Stanley reiterated a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Finally, Canaccord Genuity Group raised their target price on shares of YETI from $33.00 to $34.00 and gave the company a “hold” rating in a research note on Friday, August 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Costello Asset Management INC acquired a new position in YETI in the 1st quarter valued at $25,000. IFP Advisors Inc grew its stake in YETI by 4,552.6% in the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock valued at $30,000 after buying an additional 865 shares during the last quarter. True Wealth Design LLC grew its stake in YETI by 141.1% in the 3rd quarter. True Wealth Design LLC now owns 885 shares of the company’s stock valued at $29,000 after buying an additional 518 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 during the period. Finally, Parallel Advisors LLC boosted its holdings in 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 during the period.

YETI Stock Performance

Shares of YETI opened at $34.90 on Friday. The company’s fifty day moving average is $34.65 and its 200-day moving average is $32.58. YETI has a 12 month low of $26.61 and a 12 month high of $45.25. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 2.46 and a beta of 1.83. The company has a quick ratio of 1.48, a current ratio of 2.52 and a debt-to-equity ratio of 0.09.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.54 by $0.12. YETI had a net margin of 9.73% and a return on equity of 24.60%. The company had revenue of $445.89 million for the quarter, compared to analyst estimates of $461.73 million. During the same quarter in the prior year, the business posted $0.70 EPS. 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. Equities analysts expect that YETI will post 2.57 EPS for the current fiscal 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.