YETI Holdings, Inc. (NYSE:YETI) Receives $44.83 Average PT from Brokerages

YETI Holdings, Inc. (NYSE:YETI) has been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $44.69.

A number of research analysts have weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $54.00 price objective (down previously from $55.00) on shares of YETI in a report on Friday, November 8th. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. TD Cowen lowered their price target on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, November 11th. Canaccord Genuity Group restated a “hold” rating and issued a $44.00 price objective on shares of YETI in a research report on Thursday, November 14th. Finally, Bank of America lowered YETI from a “buy” rating to a “neutral” rating and decreased their target price for the company from $55.00 to $40.00 in a research report on Wednesday, November 6th.

YETI Price Performance

NYSE:YETI opened at $37.24 on Thursday. The company has a 50 day moving average price of $39.76 and a 200-day moving average price of $39.36. YETI has a 1-year low of $33.41 and a 1-year high of $49.01. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of 1.07 and a beta of 2.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.58 and a quick ratio of 1.45.

Hedge Funds Weigh In On YETI

A number of institutional investors and hedge funds have recently bought and sold shares of YETI. V Square Quantitative Management LLC acquired a new position in YETI during the third quarter worth $26,000. Blue Trust Inc. boosted its position in shares of YETI by 265.8% during the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after acquiring an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of YETI in the third quarter valued at about $38,000. GAMMA Investing LLC increased its position in YETI by 52.9% during the third quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock worth $50,000 after purchasing an additional 423 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its stake in YETI by 48.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,536 shares of the company’s stock worth $63,000 after purchasing an additional 500 shares during the period.

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.