YETI (NYSE:YETI) Shares Down 6%

Shares of YETI Holdings, Inc. (NYSE:YETI – Get Rating) traded down 6% during trading on Friday . The stock traded as low as $40.50 and last traded at $40.61. 930,395 shares traded hands during trading, a decline of 22% from the average session volume of 1,187,247 shares. The stock had previously closed at $43.18.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Cowen downgraded shares of YETI from an “outperform” rating to a “market perform” rating and set a $47.00 price objective on the stock. in a research report on Wednesday, January 18th. Morgan Stanley dropped their price target on shares of YETI from $52.00 to $47.00 and set an “equal weight” rating on the stock in a report on Monday, February 27th. UBS Group dropped their price target on shares of YETI from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Thursday, March 2nd. Roth Capital reaffirmed a “neutral” rating on shares of YETI in a report on Wednesday, February 22nd. Finally, Credit Suisse Group dropped their price target on shares of YETI from $62.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, February 24th. Eight analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.31.

YETI Price Performance

The company has a quick ratio of 0.85, a current ratio of 1.76 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.54 billion, a PE ratio of 40.04, a P/E/G ratio of 1.66 and a beta of 2.48. The firm’s fifty day simple moving average is $39.50 and its two-hundred day simple moving average is $40.69.

YETI (NYSE:YETI – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The company reported $0.75 earnings per share for the quarter, meeting the consensus estimate of $0.75. YETI had a net margin of 5.62% and a return on equity of 38.14%. The business had revenue of $486.41 million for the quarter, compared to the consensus estimate of $491.03 million. As a group, research analysts expect that YETI Holdings, Inc. will post 2.02 EPS for the current year.

Hedge Funds Weigh In On YETI

Several hedge funds have recently modified their holdings of YETI. Bank of Montreal Can lifted its holdings in shares of YETI by 81.6% in the first quarter. Bank of Montreal Can now owns 48,500 shares of the company’s stock worth $3,082,000 after buying an additional 21,789 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of YETI by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,120 shares of the company’s stock worth $1,927,000 after buying an additional 3,063 shares in the last quarter. BlackRock Inc. increased its position in YETI by 1.2% in the first quarter. BlackRock Inc. now owns 7,372,620 shares of the company’s stock worth $442,208,000 after purchasing an additional 90,088 shares during the last quarter. Yousif Capital Management LLC increased its position in YETI by 1.0% in the first quarter. Yousif Capital Management LLC now owns 47,220 shares of the company’s stock worth $2,832,000 after purchasing an additional 471 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in YETI by 24.2% in the first quarter. Dimensional Fund Advisors LP now owns 629,304 shares of the company’s stock worth $37,759,000 after purchasing an additional 122,810 shares during the last quarter. Hedge funds and other institutional investors own 94.24% of the company’s stock.

YETI Company Profile

(Get Rating)

YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.