YETI Holdings, Inc. (NYSE:YETI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of YETI Holdings, Inc. (NYSE:YETIGet Rating) have received a consensus recommendation of “Moderate Buy” from the eighteen brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $63.25.

Several research firms recently commented on YETI. UBS Group increased their price objective on YETI to $53.00 in a research report on Friday, July 22nd. KeyCorp cut YETI to a “sector weight” rating in a research report on Tuesday, July 19th. Jefferies Financial Group dropped their price objective on YETI from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, August 5th. Bank of America cut YETI from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $50.00 in a research report on Thursday, August 4th. Finally, Credit Suisse Group dropped their target price on YETI from $80.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, August 1st.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Columbia Asset Management bought a new stake in YETI during the 2nd quarter valued at approximately $327,000. Captrust Financial Advisors increased its stake in YETI by 31.1% in the 2nd quarter. Captrust Financial Advisors now owns 2,990 shares of the company’s stock worth $129,000 after acquiring an additional 710 shares during the last quarter. ExodusPoint Capital Management LP bought a new stake in YETI in the 2nd quarter worth approximately $1,241,000. Goldman Sachs Group Inc. increased its stake in YETI by 34.7% in the 2nd quarter. Goldman Sachs Group Inc. now owns 449,943 shares of the company’s stock worth $19,469,000 after acquiring an additional 115,921 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in YETI by 3.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 40,765 shares of the company’s stock worth $1,764,000 after acquiring an additional 1,462 shares during the last quarter. 99.64% of the stock is owned by hedge funds and other institutional investors.

YETI Price Performance

Shares of NYSE:YETI opened at $34.58 on Monday. YETI has a 1-year low of $33.87 and a 1-year high of $108.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.83 and a quick ratio of 0.58. The business has a fifty day moving average price of $43.12 and a 200-day moving average price of $48.16. The company has a market capitalization of $2.98 billion, a PE ratio of 15.44, a PEG ratio of 1.00 and a beta of 2.49.

YETI (NYSE:YETIGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.05). YETI had a net margin of 13.02% and a return on equity of 43.04%. The company had revenue of $420.04 million for the quarter, compared to the consensus estimate of $422.92 million. During the same quarter in the previous year, the business earned $0.64 earnings per share. YETI’s revenue was up 17.4% compared to the same quarter last year. As a group, equities analysts expect that YETI will post 2.22 EPS for the current fiscal year.

About YETI

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YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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Analyst Recommendations for YETI (NYSE:YETI)

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