Shares of Yeti Holdings Inc (NYSE:YETI) have earned a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $26.28.
A number of equities research analysts have recently issued reports on YETI shares. Zacks Investment Research lowered shares of Yeti from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Bank of America reiterated a “buy” rating and set a $25.00 price objective on shares of Yeti in a research note on Tuesday, March 19th. Robert W. Baird increased their price objective on shares of Yeti from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Thursday, February 14th. Stifel Nicolaus increased their price objective on shares of Yeti from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Morgan Stanley lowered shares of Yeti from an “overweight” rating to an “equal weight” rating and set a $30.75 price objective on the stock. in a research note on Friday. They noted that the move was a valuation call.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in YETI. PNC Financial Services Group Inc. bought a new position in Yeti in the 4th quarter worth about $30,000. Legal & General Group Plc bought a new position in Yeti in the 4th quarter worth about $40,000. NumerixS Investment Technologies Inc bought a new position in Yeti in the 4th quarter worth about $43,000. Advisor Group Inc. bought a new position in Yeti in the 4th quarter worth about $59,000. Finally, Advisors Asset Management Inc. bought a new position in Yeti in the 4th quarter worth about $62,000. Hedge funds and other institutional investors own 21.73% of the company’s stock.
Yeti (NYSE:YETI) last issued its earnings results on Thursday, February 14th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $241.20 million during the quarter, compared to analyst estimates of $226.45 million. The business’s revenue was up 19.3% on a year-over-year basis. Equities analysts expect that Yeti will post 0.92 EPS for the current year.
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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