Brokerages Set YETI Holdings, Inc. (NYSE:YETI) Target Price at $107.89

YETI Holdings, Inc. (NYSE:YETI) has earned an average rating of “Buy” from the twenty-two analysts that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $107.89.

A number of analysts recently issued reports on YETI shares. Citigroup lowered their price target on YETI from $121.00 to $116.00 and set a “buy” rating for the company in a research report on Wednesday, October 27th. William Blair restated an “outperform” rating on shares of YETI in a research report on Thursday, November 4th. Zacks Investment Research upgraded YETI from a “hold” rating to a “buy” rating and set a $96.00 price target for the company in a research report on Friday, October 15th. UBS Group raised their price target on YETI from $92.00 to $99.00 and gave the stock a “neutral” rating in a research report on Friday, November 12th. Finally, Cowen lowered their price target on YETI from $118.00 to $114.00 and set an “outperform” rating for the company in a research report on Friday, November 12th.

Shares of YETI stock opened at $70.78 on Wednesday. The business has a 50-day moving average price of $88.32 and a 200-day moving average price of $92.83. YETI has a twelve month low of $60.75 and a twelve month high of $108.82. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 1.48 and a beta of 2.57. The company has a quick ratio of 1.11, a current ratio of 1.92 and a debt-to-equity ratio of 0.23.

YETI (NYSE:YETI) last posted its earnings results on Thursday, November 11th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. The firm had revenue of $362.64 million during the quarter, compared to the consensus estimate of $357.27 million. YETI had a return on equity of 57.19% and a net margin of 15.04%. During the same period in the prior year, the company earned $0.59 EPS. On average, equities analysts expect that YETI will post 2.4 EPS for the current fiscal year.

In related news, CEO Matthew J. Reintjes sold 40,004 shares of YETI stock in a transaction dated Monday, November 15th. The stock was sold at an average price of $101.02, for a total transaction of $4,041,204.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Hollie Sammons Castro sold 13,143 shares of YETI stock in a transaction dated Monday, October 25th. The stock was sold at an average price of $95.00, for a total value of $1,248,585.00. The disclosure for this sale can be found here. Insiders have sold 97,122 shares of company stock worth $9,411,164 in the last 90 days. Insiders own 3.10% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. Utah Retirement Systems lifted its holdings in YETI by 2.3% in the third quarter. Utah Retirement Systems now owns 4,500 shares of the company’s stock valued at $386,000 after acquiring an additional 100 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in YETI by 0.6% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 19,732 shares of the company’s stock valued at $1,691,000 after acquiring an additional 111 shares during the period. Huntington National Bank lifted its holdings in YETI by 24.4% in the third quarter. Huntington National Bank now owns 621 shares of the company’s stock valued at $53,000 after acquiring an additional 122 shares during the period. JustInvest LLC lifted its holdings in YETI by 4.1% in the third quarter. JustInvest LLC now owns 3,593 shares of the company’s stock valued at $308,000 after acquiring an additional 141 shares during the period. Finally, Lincoln National Corp lifted its holdings in YETI by 4.7% in the third quarter. Lincoln National Corp now owns 3,350 shares of the company’s stock valued at $287,000 after acquiring an additional 150 shares during the period. 94.73% of the stock is owned by institutional investors.

About YETI

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.

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Analyst Recommendations for YETI (NYSE:YETI)

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