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

Shares of YETI Holdings, Inc. (NYSE:YETI) have received a consensus rating of “Hold” from the fourteen brokerages that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $45.46.

A number of research firms recently commented on YETI. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $40.00 in a research report on Wednesday, November 6th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a research report on Friday, November 8th. Canaccord Genuity Group restated a “hold” rating and set a $44.00 target price on shares of YETI in a research report on Thursday, November 14th. Finally, TD Cowen cut their price target on YETI from $46.00 to $44.00 and set a “hold” rating for the company in a report on Monday, November 11th.

YETI Price Performance

Shares of NYSE:YETI opened at $39.35 on Friday. YETI has a one year low of $33.41 and a one year high of $53.28. The stock has a market cap of $3.34 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.37 and a beta of 2.15. The business’s fifty day moving average price is $39.44 and its two-hundred day moving average price is $39.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58.

Institutional Investors Weigh In On YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of YETI by 16.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 436,810 shares of the company’s stock worth $17,922,000 after purchasing an additional 62,619 shares during the period. Lord Abbett & CO. LLC lifted its position in YETI by 7.0% during the third quarter. Lord Abbett & CO. LLC now owns 810,182 shares of the company’s stock valued at $33,242,000 after buying an additional 53,023 shares in the last quarter. Franklin Resources Inc. purchased a new stake in YETI during the third quarter worth approximately $626,000. Cim Investment Management Inc. acquired a new stake in shares of YETI in the third quarter worth $203,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of YETI in the 3rd quarter valued at $38,000.

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.