YETI (NYSE:YETI) Sets New 12-Month Low – What’s Next?

YETI Holdings, Inc. (NYSE:YETI) reached a new 52-week low on Thursday . The stock traded as low as $30.03 and last traded at $30.29, with a volume of 475855 shares. The stock had previously closed at $34.72.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on YETI. UBS Group decreased their price target on YETI from $44.00 to $43.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. KeyCorp cut their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Canaccord Genuity Group decreased their price target on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Morgan Stanley decreased their price objective on YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, YETI currently has an average rating of “Hold” and a consensus price target of $44.77.

YETI Stock Down 9.4 %

The stock has a 50 day simple moving average of $35.80 and a 200 day simple moving average of $38.12. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 15.27, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to the consensus estimate of $554.08 million. As a group, analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Jones Financial Companies Lllp grew its holdings in YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company’s stock worth $59,000 after buying an additional 280 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of YETI by 6.7% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,650 shares of the company’s stock worth $179,000 after acquiring an additional 290 shares in the last quarter. Atria Investments Inc lifted its position in shares of YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company’s stock valued at $312,000 after purchasing an additional 328 shares in the last quarter. Pacer Advisors Inc. grew its position in YETI by 2.7% in the 4th quarter. Pacer Advisors Inc. now owns 12,646 shares of the company’s stock worth $487,000 after purchasing an additional 332 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of YETI by 38.4% during the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after buying an additional 333 shares in the last quarter.

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.