YETI (NYSE:YETI) Shares Gap Up – Time to Buy?

YETI Holdings, Inc. (NYSE:YETI) shares gapped up before the market opened on Thursday . The stock had previously closed at $37.91, but opened at $39.87. YETI shares last traded at $37.49, with a volume of 1,218,209 shares traded.

Analysts Set New Price Targets

A number of analysts have commented on YETI shares. Piper Sandler reiterated an “overweight” rating and issued a $54.00 price target (down previously from $55.00) on shares of YETI in a research note on Friday, November 8th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 target price on shares of YETI in a research note on Thursday, November 14th. KeyCorp lowered their price target on YETI from $36.00 to $35.00 and set an “underweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group cut their price objective on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, TD Cowen decreased their target price on YETI from $46.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, YETI currently has a consensus rating of “Hold” and an average price target of $44.69.

YETI Trading Down 2.3 %

The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.45 and a current ratio of 2.58. The company has a market capitalization of $3.14 billion, a price-to-earnings ratio of 15.92, a price-to-earnings-growth ratio of 1.06 and a beta of 2.13. The firm has a fifty day moving average price of $38.95 and a 200-day moving average price of $39.24.

YETI (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 11.15% and a return on equity of 28.31%. As a group, equities analysts anticipate that YETI Holdings, Inc. will post 2.37 EPS for the current year.

Institutional Trading of YETI

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP boosted its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in YETI during the 3rd quarter worth approximately $26,000. Blue Trust Inc. raised its stake in shares of YETI by 265.8% in the third quarter. Blue Trust Inc. now owns 867 shares of the company’s stock worth $33,000 after purchasing an additional 630 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of YETI in the third quarter valued at approximately $38,000. Finally, Aster Capital Management DIFC Ltd bought a new stake in YETI during the fourth quarter worth $44,000.

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.