YETI Holdings, Inc. (NYSE:YETI) Receives $38.33 Consensus Target Price from Brokerages

YETI Holdings, Inc. (NYSE:YETI) has earned a consensus recommendation of “Hold” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.3333.

YETI has been the subject of a number of research reports. UBS Group lifted their price target on YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. Jefferies Financial Group restated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Canaccord Genuity Group lifted their price objective on shares of YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, William Blair restated an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th.

YETI Stock Up 0.8%

YETI stock opened at $36.27 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $34.88 and a 200-day simple moving average of $33.62. The company has a market capitalization of $2.82 billion, a P/E ratio of 18.89, a PEG ratio of 2.32 and a beta of 1.89. YETI has a twelve month low of $26.61 and a twelve month high of $45.25.

YETI (NYSE:YETI) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, equities research analysts predict that YETI will post 2.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Engaged Capital LLC bought a new stake in YETI during the 1st quarter valued at $51,090,000. Westwood Holdings Group Inc. raised its stake in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock valued at $79,050,000 after purchasing an additional 1,314,878 shares in the last quarter. AQR Capital Management LLC lifted its holdings in YETI by 780.9% in the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock worth $47,752,000 after purchasing an additional 1,280,622 shares during the period. Cooper Creek Partners Management LLC acquired a new stake in YETI in the third quarter worth about $36,150,000. Finally, Reinhart Partners LLC. grew its position in YETI by 101.6% in the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock valued at $67,542,000 after buying an additional 1,080,072 shares in 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.