According to Bloomberg Ratings, the nineteen research firms currently monitoring YETI Holdings, Inc. (NYSE: YETI) have given the stock an average rating of “Moderate Buy,” which indicates that they intend to purchase the stock shortly. This information was obtained from the research firms’ ratings of the stock. Ten market watchers have approved purchasing the stock, whereas only five analysts support holding on to the stock. The stock currently has an average price target of $57.67, determined by analysts working for brokerage firms over the previous year and submitting reports on the stock.
Several professionals who work in equity research have recently offered their opinions on the YETI stock in various publications. Credit Suisse Group stated that they would be increasing their target price on YETI shares to $62.00 in a research study published on November 16. Citigroup increased its rating on the stock to “buy” and raised its target price on YETI shares from $43.00 to $47.00 in a research report released on Friday, November 11. Piper Jaffray rated the stock as “overweight” and increased its target price on YETI shares from $48.00 to $57.00 in a research report published on Friday, November 11. Piper Jaffray also increased its target price on YETI shares. In a research report made available to the public on November 11, Raymond James upgraded their “outperform” rating on YETI shares. He increased their price objective on the company’s stock from $54.00 to $55.00. Both of these changes were included in the report. UBS Group revealed its intention to reduce its price estimate on YETI shares to $45.00 in a study released on November 16. The study was published online.
In recent weeks, a few hedge funds altered the quantity of YETI stock they currently hold by either increasing or decreasing their holdings. During the first three months of 2018, the Bank of Montreal, Canada, increased the percentage of YETI in its portfolio by 81.6%. Bank of Montreal now has a total of 48,500 shares, valued at $3,082,000, after purchasing an additional 21,789 shares during the most recent quarter. The Commonwealth of Pennsylvania Public School Employees Retirement System increased the proportion of its YETI holdings by 10.5% over the first three months of 2018. Following the purchase of an additional 3,063 shares of the company during the most recent fiscal quarter, the Commonwealth of Pennsylvania Public School Employees Retirement System’s total number of shares in the company has increased to 32,120. One share of the company’s stock is approximately $1,927,000. BlackRock Inc. increased the proportion of YETI shares it owned by 1.2% during the first three months of the year. BlackRock Inc. now has 4,422,080,000 shares of the company’s stock, which has a value of $7,372,620 after purchasing an additional 90,088 shares during the preceding quarter. This brings the total number of shares owned by the company to 4,422,088,000. Yousif Capital Management LLC increased its holdings in YETI by one percent during the first three months of the year through the purchase of additional stock. Yousif Capital Management LLC now holds 47,220 shares of the company’s stock, following the acquisition of an additional 471 shares during the most recent quarter. The value of the firm’s stock is estimated to be $2,832,000. And finally, during the first three months of this year, Dimensional Fund Advisors LP increased its holdings in YETI by purchasing an additional 24.2% of the company’s shares. Following the acquisition of an additional 122,810 shares during the most recent quarter, Dimensional Fund Advisors LP now holds 629,304 shares. The value of the company’s stock on the market as of right now is $37,759,000. At present, institutional investors and hedge funds own 94.24% of the total number of shares issued by the company.
A share of YETI was $42.93 when trading began on Friday. The company has a PE ratio of 19.88, a PEG ratio of 1.13, and a beta value of 2.51, respectively, and its market capitalization is currently sitting at $3.70 billion. The current price of YETI represents a one-year high of $70.57, while the current price of YETI represents a one-year low of $27.86. The company’s moving average over the previous 50 days is $42.81, and the moving average over the previous 200 days is $39.88. The values come out to be 0.14 for the debt-to-equity ratio, 2.34 for the current ratio, and 0.74 for the quick ratio.
YETI (NYSE: YETI) announced the outcomes of its most recent quarterly financial report on Thursday, November 10. The company’s earnings per share for the quarter came in at $0.59, which was $0.04 higher than the average prediction made by analysts, who predicted that the company would earn $0.55 per share. According to the analysts’ projections, the amount of revenue the company will bring in during the quarter could fall between $417.76 million and $433.56 million. YETI was able to achieve a net margin of 11.97% as well as a return on equity of 40.06%. During the ongoing fiscal year, sell-side analysts anticipate YETI will bring in revenues of $2.21 per share.
YETI Holdings, Inc. is a company that designs, manufactures, and sells products that are intended to be utilized in various forms of outdoor recreation and other forms of leisure. Some products that can be purchased from this company include can use coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor seats, blankets, dog bowls, clothing, and accessories. Roy J. was the one who came up with the concept first.
