YETI Holdings, Inc. (NYSE:YETI) Receives $38.54 Consensus PT from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Ten research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $38.5385.

Several research firms have commented on YETI. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research report on Friday. Stifel Nicolaus increased their target price on shares of YETI from $31.00 to $33.00 and gave the stock a “hold” rating in a report on Friday, August 8th. UBS Group increased their target price on shares of YETI from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Morgan Stanley reissued a “cautious” rating on shares of YETI in a research report on Monday, August 11th. Finally, Cowen reissued a “hold” rating on shares of YETI in a research report on Friday, August 8th.

Institutional Investors Weigh In On YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new stake in shares of YETI during the first quarter worth $25,000. IFP Advisors Inc lifted its position in shares of YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after purchasing an additional 865 shares in the last quarter. True Wealth Design LLC raised its holdings in YETI by 141.1% in the third quarter. True Wealth Design LLC now owns 885 shares of the company’s stock valued at $29,000 after acquiring an additional 518 shares in the last quarter. UMB Bank n.a. increased its stake in YETI by 109.3% in the second quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after purchasing an additional 468 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in shares of YETI by 61.6% during the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock worth $31,000 after acquiring an additional 375 shares during the last quarter.

YETI Trading Up 0.2%

Shares of NYSE YETI opened at $35.66 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.52 and a quick ratio of 1.48. The stock has a market cap of $2.90 billion, a P/E ratio of 16.98, a price-to-earnings-growth ratio of 2.51 and a beta of 1.83. YETI has a 1 year low of $26.61 and a 1 year high of $45.25. The firm has a 50-day moving average of $34.72 and a 200 day moving average of $32.69.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.12. The firm had revenue of $445.89 million during the quarter, compared to analysts’ expectations of $461.73 million. YETI had a net margin of 9.73% and a return on equity of 24.60%. The firm’s quarterly revenue was down 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 earnings per share. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. As a group, sell-side analysts expect that YETI will post 2.57 EPS for the current fiscal year.

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.