Brokerages Set YETI Holdings, Inc. (NYSE:YETI) Price Target at $48.29

YETI Holdings, Inc. (NYSE:YETI) has been given a consensus recommendation of “Hold” by the thirteen research firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $48.29.

A number of analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating and set a $42.00 price target on shares of YETI in a report on Friday, February 16th. Raymond James cut their price target on shares of YETI from $55.00 to $48.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Canaccord Genuity Group cut their price target on shares of YETI from $41.00 to $40.00 and set a “hold” rating for the company in a report on Friday, April 5th. KeyCorp raised their price target on shares of YETI from $33.00 to $36.00 and gave the stock an “underweight” rating in a report on Friday, January 12th. Finally, Canaccord Genuity Group downgraded shares of YETI from a “buy” rating to a “hold” rating and raised their price target for the stock from $49.00 to $50.00 in a report on Thursday, January 4th.

YETI Trading Down 0.1 %

YETI opened at $36.99 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.30 and a quick ratio of 1.45. The company’s 50 day simple moving average is $39.20 and its two-hundred day simple moving average is $42.87. YETI has a 1-year low of $34.70 and a 1-year high of $54.15. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 1.48 and a beta of 2.29.

YETI (NYSE:YETI) last released its earnings results on Thursday, February 15th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.06). YETI had a return on equity of 27.99% and a net margin of 10.24%. The business had revenue of $519.79 million during the quarter, compared to analysts’ expectations of $535.99 million. During the same period last year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts expect that YETI will post 2.27 EPS for the current fiscal year.

Hedge Funds Weigh In On YETI

Several institutional investors have recently modified their holdings of YETI. Baillie Gifford & Co. lifted its position in shares of 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 purchasing an additional 3,260,704 shares during the last quarter. Capital World Investors lifted its position in shares of YETI by 23.4% during the 1st quarter. Capital World Investors now owns 7,266,836 shares of the company’s stock worth $435,865,000 after purchasing an additional 1,376,536 shares during the last quarter. Morgan Stanley lifted its position in shares of YETI by 132.9% during the 3rd quarter. Morgan Stanley now owns 2,340,624 shares of the company’s stock worth $112,865,000 after purchasing an additional 1,335,728 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of YETI by 144.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,863,611 shares of the company’s stock worth $89,863,000 after purchasing an additional 1,099,929 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of YETI during the 4th quarter worth $46,686,000.

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.