Analysts Maintain Hold Rating on YETI Holdings Amid Stable Performance

YETI Holdings, Inc. (NYSE:YETI) has garnered an average analyst rating of "Hold" according to recent industry reports. Out of fifteen brokerage firms covering the company, ten recommend holding the stock, while five suggest a buying opportunity. The consensus price target over the next year is approximately $39.47. Notable analyst updates include KeyCorp upgrading YETI from "Underweight" to "Sector Weight" in April, while Piper Sandler lowered its price target from $52 to $38 in May but maintained an overweight rating. Morgan Stanley increased its target from $33 to $34 with an equal weight stance, and Citigroup raised theirs from $36 to $44, endorsing a buy rating. Conversely, Raymond James reduced its target from $50 to $34, assigning an outperform rating. Institutional investors have been adjusting their holdings, with firms such as UMB Bank and IFP Advisors significantly increasing their positions during the second quarter. YETI's stock opened at $35.92 and has experienced a 12-month trading range between $26.61 and $45.25. The company's financial health remains solid, with a market capitalization nearing $3 billion, a debt-to-equity ratio of 0.09, and positive profitability m...