YETI Holdings, Inc. (NYSE:YETI) Receives $38.33 Average Price Target from Analysts

Shares of YETI Holdings, Inc. (NYSE:YETI) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, MarketBeat reports. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $38.3333.

YETI has been the subject of several recent analyst reports. UBS Group upped their target price on shares of YETI from $35.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Stifel Nicolaus raised their price target on YETI from $31.00 to $33.00 and gave the company a “hold” rating in a report on Friday, August 8th. Citigroup increased their target price on shares of YETI from $36.00 to $44.00 and gave the company a “buy” rating in a report on Wednesday, July 23rd. Cowen reaffirmed a “hold” rating on shares of YETI in a research report on Friday, August 8th. Finally, Morgan Stanley increased their price target on shares of YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Monday, October 27th.

YETI Stock Down 1.7%

Shares of YETI opened at $37.26 on Wednesday. The stock’s 50-day moving average price is $34.86 and its two-hundred day moving average price is $33.45. YETI has a 12 month low of $26.61 and a 12 month high of $45.25. The company has a market capitalization of $2.90 billion, a PE ratio of 19.41, a PEG ratio of 2.45 and a beta of 1.89. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10.

YETI (NYSE:YETI) last announced its quarterly earnings data 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. YETI had a return on equity of 23.62% and a net margin of 8.75%.The company had revenue of $487.77 million for the quarter, compared to the consensus estimate of $480.08 million. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. On average, analysts anticipate that YETI will post 2.57 EPS for the current year.

Hedge Funds Weigh In On YETI

A number of institutional investors have recently bought and sold shares of the stock. Engaged Capital LLC bought a new stake in YETI during the 1st quarter valued at about $51,090,000. Westwood Holdings Group Inc. increased its position in shares of YETI by 110.2% during the second quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after acquiring an additional 1,314,878 shares during the period. AQR Capital Management LLC raised its stake in shares of YETI by 780.9% during the first quarter. AQR Capital Management LLC now owns 1,444,617 shares of the company’s stock valued at $47,752,000 after acquiring an additional 1,280,622 shares in the last quarter. Cooper Creek Partners Management LLC bought a new position in YETI in the third quarter worth approximately $36,150,000. Finally, Reinhart Partners LLC. increased its holdings in YETI by 101.6% during the 2nd quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after purchasing an additional 1,080,072 shares during the period.

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.