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

Shares of YETI Holdings, Inc. (NYSE:YETI) have been given a consensus rating of “Hold” by the fourteen ratings firms that are currently covering the firm, Marketbeat reports. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.5385.

A number of research firms recently weighed in on YETI. Jefferies Financial Group restated a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. Morgan Stanley reiterated a “cautious” rating on shares of YETI in a research note on Monday, August 11th. Citigroup raised their price target on shares of YETI from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Wednesday, July 23rd. Canaccord Genuity Group lifted their price target on shares of YETI from $33.00 to $34.00 and gave the company a “hold” rating in a research report on Friday, August 8th. Finally, Cowen restated a “hold” rating on shares of YETI in a research report on Friday, August 8th.

Hedge Funds Weigh In On YETI

Several institutional investors and hedge funds have recently made changes to their positions in YETI. Tidal Investments LLC grew its holdings in YETI by 58.6% during the fourth quarter. Tidal Investments LLC now owns 27,845 shares of the company’s stock worth $1,072,000 after acquiring an additional 10,287 shares during the period. Two Sigma Investments LP bought a new position in YETI during the fourth quarter worth about $428,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in YETI by 10.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 272,917 shares of the company’s stock worth $10,510,000 after purchasing an additional 26,566 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of YETI by 49.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 155,829 shares of the company’s stock valued at $6,001,000 after acquiring an additional 51,756 shares during the period. Finally, Toronto Dominion Bank lifted its stake in YETI by 24.9% in the fourth quarter. Toronto Dominion Bank now owns 18,267 shares of the company’s stock valued at $703,000 after buying an additional 3,643 shares during the period.

YETI Stock Performance

Shares of YETI opened at $34.50 on Tuesday. YETI has a 52 week low of $26.61 and a 52 week high of $45.25. The stock has a 50 day moving average price of $35.52 and a two-hundred day moving average price of $32.51. The firm has a market capitalization of $2.80 billion, a P/E ratio of 16.43, a P/E/G ratio of 2.43 and a beta of 1.86. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.52.

YETI (NYSE:YETI) last posted its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.12. YETI had a return on equity of 24.60% and a net margin of 9.73%.The firm had revenue of $445.89 million for the quarter, compared to the consensus estimate of $461.73 million. During the same quarter in the prior year, the business posted $0.70 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.340-2.480 EPS. Equities analysts forecast that YETI will post 2.57 earnings per share 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.