YETI Holdings, Inc. (NYSE:YETI) Receives $45.46 Average PT from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have earned an average rating of “Hold” from the fourteen ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.46.

YETI has been the topic of several research reports. Piper Sandler reissued an “overweight” rating and set a $54.00 price objective (down from $55.00) on shares of YETI in a research report on Friday, November 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 report on Monday, November 11th. Bank of America downgraded YETI from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $40.00 in a research note on Wednesday, November 6th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a research note on Thursday, November 14th.

YETI Stock Performance

Shares of YETI opened at $39.35 on Friday. The company’s 50 day simple moving average is $39.44 and its 200-day simple moving average is $39.59. The firm has a market cap of $3.34 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.37 and a beta of 2.15. YETI has a 12-month low of $33.41 and a 12-month high of $53.28. The company has a current ratio of 2.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.10.

Institutional Trading of YETI

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of YETI during the 2nd quarter valued at approximately $210,000. Raymond James & Associates grew its holdings in YETI by 10.3% in the second quarter. Raymond James & Associates now owns 145,588 shares of the company’s stock valued at $5,554,000 after purchasing an additional 13,641 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of YETI by 225.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 176,247 shares of the company’s stock valued at $6,724,000 after buying an additional 122,046 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in shares of YETI by 7.4% during the 2nd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 29,123 shares of the company’s stock worth $1,111,000 after buying an additional 2,005 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of YETI by 0.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 92,619 shares of the company’s stock worth $3,533,000 after buying an additional 547 shares in the last quarter.

YETI Company Profile

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.