Yeti Holdings Inc (YETI) Receives Average Recommendation of “Buy” from Analysts

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Yeti Holdings Inc (NYSE:YETI) has been given an average rating of “Buy” by the twelve brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $21.89.

YETI has been the topic of several research reports. Citigroup initiated coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $20.00 price target on the stock. Bank of America initiated coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $22.00 price target on the stock. Stifel Nicolaus initiated coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $21.00 price target on the stock. Goldman Sachs Group initiated coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $27.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating on the stock.

Shares of NYSE:YETI traded up $0.25 on Friday, hitting $17.92. The company had a trading volume of 515,952 shares, compared to its average volume of 1,055,147. Yeti has a 1-year low of $12.40 and a 1-year high of $21.45.

Yeti (NYSE:YETI) last released its quarterly earnings data on Thursday, November 29th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $196.10 million during the quarter, compared to analyst estimates of $195.16 million. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Yeti will post 0.73 earnings per share for the current fiscal year.

In related news, Director Roy J. Seiders sold 25,749 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $18.00, for a total transaction of $463,482.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Group Fund V. L.P. Cortec sold 723,495 shares of the company’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $18.00, for a total transaction of $13,022,910.00. The disclosure for this sale can be found here.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC bought a new stake in Yeti during the fourth quarter worth about $17,726,000. BlackRock Inc. bought a new position in shares of Yeti in the fourth quarter worth about $15,494,000. Victory Capital Management Inc. bought a new position in shares of Yeti in the fourth quarter worth about $11,805,000. Emerald Advisers LLC bought a new position in shares of Yeti in the fourth quarter worth about $5,874,000. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Yeti in the fourth quarter worth about $5,736,000. 0.50% of the stock is owned by institutional investors and hedge funds.

Yeti Company Profile

Yeti Holdings, Inc designs, markets, and distributes products for the outdoor and recreation market under YETI brand in the United States. The company's products are designed for use in a various outdoor activities, including recreational and professional pursuits targeting various categories, including hunting, fishing, camping, barbecue, farm and ranch activities, and others.

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Analyst Recommendations for Yeti (NYSE:YETI)

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