Analysts Set YETI Holdings, Inc. (NYSE:YETI) Price Target at $46.77

YETI Holdings, Inc. (NYSE:YETI) has been given a consensus recommendation of “Hold” by the fourteen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $46.77.

Several equities analysts have recently weighed in on YETI shares. KeyCorp lifted their price objective on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. B. Riley raised their target price on YETI from $38.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Roth Mkm raised their target price on YETI from $42.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, August 9th. Bank of America upgraded YETI from a “neutral” rating to a “buy” rating and raised their target price for the company from $46.00 to $55.00 in a report on Thursday, August 8th. Finally, Canaccord Genuity Group reiterated a “hold” rating and set a $44.00 target price on shares of YETI in a report on Monday, September 30th.

Institutional Investors Weigh In On YETI

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Retirement Systems of Alabama increased its holdings in YETI by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 109,066 shares of the company’s stock worth $4,204,000 after purchasing an additional 288 shares during the last quarter. Bridge City Capital LLC increased its holdings in shares of YETI by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 50,276 shares of the company’s stock valued at $1,938,000 after acquiring an additional 393 shares during the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of YETI by 2.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 14,441 shares of the company’s stock valued at $748,000 after acquiring an additional 396 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of YETI by 52.9% in the 3rd quarter. GAMMA Investing LLC now owns 1,223 shares of the company’s stock valued at $50,000 after acquiring an additional 423 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of YETI by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 24,337 shares of the company’s stock valued at $928,000 after acquiring an additional 468 shares during the last quarter.

YETI Stock Performance

NYSE YETI opened at $42.04 on Tuesday. The firm has a market capitalization of $3.56 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.22 and a beta of 2.11. YETI has a 1-year low of $33.88 and a 1-year high of $54.15. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22. The business’s 50-day simple moving average is $39.92 and its 200-day simple moving average is $39.21.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.06. The business had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. YETI had a return on equity of 28.83% and a net margin of 10.66%. The company’s revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 EPS. Equities analysts predict that YETI will post 2.35 EPS for the current 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.