YETI Holdings, Inc. (NYSE:YETI) Given Average Rating of “Hold” by Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $38.3333.

A number of analysts have recently commented on the stock. William Blair reissued an “outperform” rating on shares of YETI in a research note on Tuesday, November 11th. Jefferies Financial Group reiterated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a report on Wednesday, October 8th. UBS Group raised their target price on YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Canaccord Genuity Group boosted their price target on YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Friday, November 7th.

Institutional Investors Weigh In On YETI

A number of hedge funds have recently modified their holdings of the business. IFP Advisors Inc lifted its stake in shares of YETI by 4,552.6% in the second quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after buying an additional 865 shares in the last quarter. True Wealth Design LLC lifted its stake in YETI by 141.1% in the 3rd quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of YETI by 109.3% during the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock worth $28,000 after purchasing an additional 468 shares during the last quarter. Quarry LP acquired a new position in shares of YETI during the 3rd quarter worth approximately $30,000. Finally, Parallel Advisors LLC grew its position in shares of YETI by 61.6% in the second quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after purchasing an additional 375 shares in the last quarter.

YETI Trading Up 2.4%

Shares of YETI stock opened at $43.41 on Friday. YETI has a 1-year low of $26.61 and a 1-year high of $45.25. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 2.80 and a beta of 1.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. The stock has a 50 day simple moving average of $36.33 and a 200-day simple moving average of $34.55.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $487.77 million for the quarter, compared to analysts’ expectations of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, equities research analysts expect that YETI will post 2.57 EPS for the current fiscal year.

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.