Yeti Holdings Inc (NYSE:YETI) Receives $34.15 Consensus PT from Analysts

Yeti Holdings Inc (NYSE:YETI) has earned a consensus recommendation of “Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $34.15.

YETI has been the subject of several recent research reports. Zacks Investment Research upgraded Yeti from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Saturday, November 9th. ValuEngine downgraded Yeti from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Citigroup downgraded Yeti from a “buy” rating to a “neutral” rating and dropped their target price for the company from $40.00 to $37.00 in a report on Friday, November 1st. Cowen set a $38.00 price target on Yeti and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, KeyCorp increased their price objective on shares of Yeti from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th.

YETI traded up $1.27 on Friday, reaching $31.24. 33,213 shares of the company’s stock were exchanged, compared to its average volume of 1,619,184. Yeti has a twelve month low of $12.40 and a twelve month high of $38.11. The company’s 50 day moving average is $31.36 and its 200-day moving average is $29.61. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.61 and a current ratio of 1.65. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 39.88, a PEG ratio of 1.94 and a beta of 2.96.

Yeti (NYSE:YETI) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.06. Yeti had a net margin of 8.27% and a return on equity of 152.95%. The company had revenue of $229.10 million during the quarter, compared to the consensus estimate of $222.35 million. During the same period in the previous year, the firm earned $0.24 earnings per share. Yeti’s revenue for the quarter was up 16.8% on a year-over-year basis. Sell-side analysts forecast that Yeti will post 1.04 EPS for the current year.

In other Yeti news, major shareholder Ryan R. Seiders sold 1,462,751 shares of Yeti stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total value of $42,419,779.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Bryan C. Barksdale sold 14,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $28.02, for a total transaction of $392,280.00. In the last quarter, insiders sold 2,417,983 shares of company stock valued at $70,107,787. Insiders own 10.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Yeti by 107.2% in the second quarter. Vanguard Group Inc. now owns 4,159,500 shares of the company’s stock valued at $120,418,000 after purchasing an additional 2,151,857 shares during the period. Eagle Asset Management Inc. acquired a new position in shares of Yeti during the 2nd quarter valued at $31,092,000. Carillon Tower Advisers Inc. acquired a new position in shares of Yeti during the 2nd quarter valued at $28,383,000. BlackRock Inc. raised its stake in shares of Yeti by 83.1% in the 2nd quarter. BlackRock Inc. now owns 1,989,544 shares of the company’s stock worth $57,597,000 after buying an additional 902,859 shares in the last quarter. Finally, Hodges Capital Management Inc. raised its stake in shares of Yeti by 288.9% in the 2nd quarter. Hodges Capital Management Inc. now owns 644,305 shares of the company’s stock worth $18,653,000 after buying an additional 478,630 shares in the last quarter. Institutional investors own 49.58% of the company’s stock.

Yeti Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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Analyst Recommendations for Yeti (NYSE:YETI)

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