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

Shares of YETI Holdings, Inc. (NYSE:YETI) have received a consensus recommendation of “Hold” from the fourteen brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $45.46.

A number of research analysts recently weighed in on YETI shares. KeyCorp lifted their target price on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Piper Sandler reiterated an “overweight” rating and issued a $54.00 target price (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. B. Riley lifted their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Roth Mkm boosted their price objective on YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Finally, Bank of America cut YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $40.00 in a research note on Wednesday, November 6th.

YETI Price Performance

Shares of NYSE:YETI opened at $40.37 on Wednesday. The company has a market cap of $3.42 billion, a P/E ratio of 17.33, a P/E/G ratio of 1.16 and a beta of 2.12. The company has a quick ratio of 1.45, a current ratio of 2.58 and a debt-to-equity ratio of 0.10. YETI has a 52 week low of $33.41 and a 52 week high of $54.15. The business has a fifty day simple moving average of $39.04 and a 200-day simple moving average of $39.43.

Institutional Trading of YETI

Several hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in YETI by 311.4% in the 2nd quarter. American Century Companies Inc. now owns 1,967,215 shares of the company’s stock worth $75,049,000 after buying an additional 1,488,994 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of YETI during the 2nd quarter valued at $23,166,000. WCM Investment Management LLC lifted its holdings in shares of YETI by 655.4% in the third quarter. WCM Investment Management LLC now owns 508,882 shares of the company’s stock valued at $20,701,000 after purchasing an additional 441,516 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of YETI by 54.8% in the second quarter. Millennium Management LLC now owns 817,366 shares of the company’s stock valued at $31,183,000 after purchasing an additional 289,298 shares in the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of YETI by 76.2% in the second quarter. Marshall Wace LLP now owns 607,551 shares of the company’s stock valued at $23,178,000 after purchasing an additional 262,829 shares in the last quarter.

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.