YETI Holdings, Inc. (NYSE:YETI) Receives $46.80 Consensus Target Price from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have received an average rating of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $46.80.

YETI has been the topic of a number of recent research reports. TD Cowen increased their price objective on YETI from $38.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, May 10th. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (up previously from $52.00) on shares of YETI in a report on Friday, May 10th. Morgan Stanley increased their price objective on YETI from $39.00 to $41.00 and gave the stock an “equal weight” rating in a report on Friday, May 10th. Roth Mkm dropped their price objective on YETI from $43.00 to $42.00 and set a “neutral” rating on the stock in a report on Friday, May 10th. Finally, Raymond James increased their price objective on YETI from $48.00 to $49.00 and gave the stock an “outperform” rating in a report on Friday, May 10th.

YETI Stock Up 0.0 %

YETI stock opened at $37.21 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.14 and a current ratio of 2.35. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.13 and a beta of 2.14. YETI has a fifty-two week low of $33.88 and a fifty-two week high of $54.15. The stock has a fifty day moving average of $39.30 and a 200-day moving average of $41.39.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.07. The company had revenue of $341.39 million during the quarter, compared to the consensus estimate of $333.79 million. YETI had a return on equity of 28.81% and a net margin of 10.32%. As a group, equities research analysts predict that YETI will post 2.35 earnings per share for the current year.

Hedge Funds Weigh In On YETI

Several institutional investors and hedge funds have recently bought and sold shares of YETI. Baillie Gifford & Co. grew its position in YETI by 53.0% during the 4th quarter. Baillie Gifford & Co. now owns 9,416,441 shares of the company’s stock worth $487,583,000 after acquiring an additional 3,260,704 shares during the last quarter. Norges Bank bought a new stake in shares of YETI in the 4th quarter worth approximately $46,686,000. Franklin Resources Inc. grew its position in shares of YETI by 18.7% in the 4th quarter. Franklin Resources Inc. now owns 3,999,412 shares of the company’s stock worth $207,090,000 after buying an additional 629,287 shares during the last quarter. Capital Research Global Investors grew its position in shares of YETI by 2.4% in the 1st quarter. Capital Research Global Investors now owns 10,418,410 shares of the company’s stock worth $401,630,000 after buying an additional 248,680 shares during the last quarter. Finally, Grandeur Peak Global Advisors LLC bought a new stake in shares of YETI in the 1st quarter worth approximately $9,341,000.

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.