Yeti Holdings Inc (NYSE:YETI) has received a consensus recommendation of “Buy” from the thirteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $34.15.
Several equities research analysts recently commented on the stock. Piper Jaffray Companies set a $39.00 price target on shares of Yeti and gave the stock a “buy” rating in a report on Monday, October 21st. ValuEngine lowered shares of Yeti from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. Cowen set a $38.00 target price on shares of Yeti and gave the stock a “buy” rating in a research note on Wednesday, October 9th. KeyCorp boosted their target price on shares of Yeti from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 5th. Finally, Zacks Investment Research upgraded shares of Yeti from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Saturday, November 9th.
NYSE YETI traded up $1.27 during trading hours on Friday, reaching $31.24. The company’s stock had a trading volume of 33,213 shares, compared to its average volume of 1,619,184. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 39.88, a P/E/G ratio of 1.94 and a beta of 2.96. The company’s 50-day moving average is $31.36 and its two-hundred day moving average is $29.61. The company has a debt-to-equity ratio of 2.88, a current ratio of 1.65 and a quick ratio of 0.61. Yeti has a 1-year low of $12.40 and a 1-year high of $38.11.
Yeti (NYSE:YETI) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $229.10 million for the quarter, compared to analyst estimates of $222.35 million. Yeti had a return on equity of 152.95% and a net margin of 8.27%. Yeti’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Equities analysts forecast that Yeti will post 1.04 EPS for the current fiscal year.
In other news, SVP Bryan C. Barksdale sold 18,884 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $29.00, for a total value of $547,636.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Ryan R. Seiders sold 1,462,751 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total value of $42,419,779.00. The disclosure for this sale can be found here. Insiders have sold 2,417,983 shares of company stock valued at $70,107,787 in the last ninety days. Insiders own 10.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its holdings in Yeti by 92.7% in the 2nd quarter. Allianz Asset Management GmbH now owns 436,627 shares of the company’s stock valued at $12,640,000 after buying an additional 209,988 shares during the period. Commonwealth Equity Services LLC acquired a new position in shares of Yeti in the 2nd quarter worth approximately $215,000. C M Bidwell & Associates Ltd. lifted its holdings in shares of Yeti by 58.1% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,545 shares of the company’s stock worth $74,000 after acquiring an additional 935 shares during the last quarter. Boston Advisors LLC boosted its position in shares of Yeti by 72.0% during the 2nd quarter. Boston Advisors LLC now owns 45,391 shares of the company’s stock worth $1,314,000 after purchasing an additional 19,004 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in Yeti in the 2nd quarter valued at approximately $145,000. 49.58% of the stock is currently owned by institutional investors.
Yeti Company Profile
YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.
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