YETI (NYSE:YETI) Trading 8.2% Higher – Should You Buy?

Shares of YETI Holdings, Inc. (NYSE:YETI) traded up 8.2% during trading on Monday . The company traded as high as $34.61 and last traded at $34.79. 1,332,010 shares traded hands during trading, a decline of 15% from the average session volume of 1,566,850 shares. The stock had previously closed at $32.17.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Friday, February 14th. UBS Group reduced their target price on shares of YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. KeyCorp reduced their target price on shares of YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research note on Wednesday, January 8th. Canaccord Genuity Group decreased their price objective 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, Stifel Nicolaus decreased their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $44.77.

YETI Stock Performance

The firm’s 50 day moving average is $36.57 and its two-hundred day moving average is $38.43. The stock has a market capitalization of $2.84 billion, a PE ratio of 16.75, a P/E/G ratio of 1.05 and a beta of 2.15. 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 announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. As a group, research analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current year.

Institutional Investors Weigh In On YETI

A number of large investors have recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in shares of YETI by 22.5% in the 4th quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock valued at $59,000 after purchasing an additional 280 shares during the last quarter. Central Pacific Bank Trust Division grew its position in shares of YETI by 6.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock valued at $179,000 after buying an additional 290 shares during the last quarter. Atria Investments Inc grew its position in shares of YETI by 4.2% in the 4th quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock valued at $312,000 after buying an additional 328 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock valued at $487,000 after buying an additional 332 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock valued at $49,000 after buying an additional 333 shares during the last quarter.

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.