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,” indicating that they intend to buy the stock shortly . This information was extracted from research firms’ ratings for the stock. Ten market watchers have approved buying the stock, while only five analysts recommend holding the stock. The stock currently has an average target price of $57.67 set by analysts who have worked for brokerage firms and submitted reports on the stock over the past year.
Several professionals engaged in stock research have recently offered their opinion on YETI stock in various publications. Credit Suisse Group announced in a research study published on November 16 that it would raise its price target on YETI shares to $62.00. Citigroup upgraded its rating on the stock to a “Buy” and raised its price target on YETI shares to $47.00 from $43.00, a research report published on Friday, November. Piper Jaffray gave the stock an “overweight” rating and raised its price target on YETI shares from $48.00 to $57.00 in a research report published on Friday, November. Piper Jaffray also further increased his price target on YETI shares. In a research report made public on November 11, Raymond James upgraded a “Outperform” rating on YETI stock. He increased the price target for the company’s shares from $54.00 to $55.00. Both changes have been included in the report. UBS Group announced its intention to lower its price estimate for YETI shares to $45.00 in a study published on November 16. The study was published online.
Over the past few weeks, some hedge funds have changed the amount of YETI stock they currently hold, either increasing or decreasing their holdings. In the first three months of 2018, Bank of Montreal, Canada, increased YETI’s holding in its portfolio by 81.6%. The Bank of Montreal now owns a total of 48,500 shares worth $3,082,000 after purchasing an additional 21,789 shares last quarter. The Commonwealth of Pennsylvania Public School Employees Retirement System increased its YETI holdings by 10.5% in the first three months of 2018. After purchasing an additional 3,063 shares of the Company during the most recent fiscal quarter, the Commonwealth of Pennsylvania Public has increased the School Employees Retirement System’s total number of shares in the Company to 32,120. A share of the company costs about $1,927,000. BlackRock Inc. increased its YETI shareholding by 1.2% in the first three months of the year. BlackRock Inc. now owns 4,422,080,000 shares of the Company’s stock valued at $7,372,620 after purchasing an additional 90,088 shares in the previous quarter. This brings the total number of shares held by the company to 4,422,088,000. Yousif Capital Management LLC increased its stake in YETI by 1 percent in the first three months of the year by purchasing additional shares. Yousif Capital Management LLC now owns 47,220 shares of the company after acquiring an additional 471 shares last quarter. The Company’s shares are valued at $2,832,000. Finally, in the first three months of this year, Dimensional Fund Advisors LP increased its stake in YETI by purchasing an additional 24.2% of the company’s shares. After purchasing an additional 122,810 shares last quarter, Dimensional Fund Advisors LP now holds 629,304 shares. The value of the company’s shares on the market is currently $37,759,000. Currently, 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 at the start of trading 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 cap currently stands at $3.70 billion. The current YETI price represents a year high of $70.57 while the current YETI price represents a one year low of $27.86. The company’s 50-day moving average is $42.81 and its 200-day moving average is $39.88. The values are 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 results of its latest quarterly financial report on Thursday, November 10th. The company’s earnings per share for the quarter were $0.59, which was $0.04 above the median forecast by analysts, who predicted the company would earn $0.55 per share. According to analysts’ forecasts, the revenue the company will generate during the quarter could range from $417.76 million to $433.56 million. YETI was able to achieve a net margin of 11.97% and a return on equity of 40.06%. For the current fiscal year, sell-side analysts expect YTI to post $2.21 per share in revenue.
YETI Holdings, Inc. is a company that designs, manufactures and markets products intended for use in various forms of outdoor recreation and other forms of leisure. Some products that can be purchased from this company include coolers, drinkware, holdalls, backpacks, utility buckets, outdoor seats, blankets, dog bowls, clothing and accessories. Roy J. was the one who came up with the concept first.