Yeti Holdings Inc Forecasted to Earn Q2 2020 Earnings of $0.09 Per Share (NYSE:YETI)
Yeti Holdings Inc (NYSE:YETI) – Equities research analysts at William Blair issued their Q2 2020 EPS estimates for shares of Yeti in a research note issued to investors on Tuesday, July 7th. William Blair analyst S. Zackfia forecasts that the company will earn $0.09 per share for the quarter. William Blair currently has a “Buy” rating on the stock. William Blair also issued estimates for Yeti’s Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.51 EPS, FY2020 earnings at $0.94 EPS and FY2021 earnings at $1.26 EPS.
YETI has been the topic of a number of other reports. BTIG Research started coverage on shares of Yeti in a research report on Tuesday, April 28th. They issued a “buy” rating and a $30.00 target price on the stock. ValuEngine raised shares of Yeti from a “sell” rating to a “hold” rating in a research report on Sunday, March 15th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $50.00 target price on shares of Yeti in a research report on Thursday, June 18th. TheStreet raised shares of Yeti from a “d” rating to a “c-” rating in a research report on Tuesday, May 12th. Finally, Roth Capital downgraded shares of Yeti from a “buy” rating to a “neutral” rating and dropped their target price for the company from $37.00 to $27.00 in a research report on Wednesday, April 15th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $37.00.
Yeti (NYSE:YETI) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Yeti had a net margin of 6.08% and a return on equity of 98.00%. The company had revenue of $174.40 million for the quarter, compared to the consensus estimate of $158.76 million. During the same period in the prior year, the firm posted $0.08 EPS. The company’s quarterly revenue was up 12.2% compared to the same quarter last year.
In other news, CEO Matthew J. Reintjes sold 10,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $34.57, for a total value of $345,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary Lou Kelley bought 1,720 shares of Yeti stock in a transaction dated Friday, May 8th. The stock was purchased at an average price of $29.02 per share, with a total value of $49,914.40. The disclosure for this purchase can be found here. Insiders sold a total of 14,203,075 shares of company stock valued at $400,168,595 in the last 90 days. Company insiders own 10.70% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. King Luther Capital Management Corp purchased a new stake in Yeti in the 1st quarter valued at approximately $1,073,000. Blair William & Co. IL boosted its stake in Yeti by 7.9% in the fourth quarter. Blair William & Co. IL now owns 616,199 shares of the company’s stock valued at $21,431,000 after acquiring an additional 45,212 shares during the period. Goldman Sachs Group Inc. boosted its position in Yeti by 33.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 129,289 shares of the company’s stock valued at $4,497,000 after purchasing an additional 32,643 shares during the period. Amalgamated Bank acquired a new stake in shares of Yeti in the fourth quarter valued at approximately $270,000. Finally, Bank of Montreal Can grew its position in shares of Yeti by 1,010.4% in the fourth quarter. Bank of Montreal Can now owns 41,206 shares of the company’s stock valued at $1,433,000 after purchasing an additional 37,495 shares during the last quarter. Institutional investors and hedge funds own 70.13% of the company’s stock.
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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