Yeti Holdings Inc (YETI) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Yeti Holdings Inc (NYSE:YETI) have earned a consensus rating of “Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $27.07.
Several equities research analysts have recently commented on YETI shares. Zacks Investment Research lowered shares of Yeti from a “hold” rating to a “sell” rating in a report on Saturday, January 19th. Bank of America restated a “buy” rating and issued a $25.00 price target on shares of Yeti in a report on Tuesday, March 19th. Robert W. Baird boosted their price target on shares of Yeti from $23.00 to $26.00 and gave the company an “outperform” rating in a report on Thursday, February 14th. Stifel Nicolaus boosted their price target on shares of Yeti from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Cowen started coverage on shares of Yeti in a report on Thursday, April 11th. They issued an “outperform” rating and a $35.00 price target for the company.
Institutional investors have recently modified their holdings of the company. Oaktree Capital Management LP purchased a new position in shares of Yeti in the 4th quarter worth approximately $9,408,000. Elk Creek Partners LLC purchased a new position in shares of Yeti in the 4th quarter worth approximately $3,929,000. Advisors Asset Management Inc. purchased a new position in shares of Yeti in the 4th quarter worth approximately $62,000. LaSalle Street Capital Management LLC purchased a new position in shares of Yeti in the 4th quarter worth approximately $244,000. Finally, Rhumbline Advisers purchased a new position in shares of Yeti in the 4th quarter worth approximately $323,000. 22.68% of the stock is currently owned by hedge funds and other institutional investors.
Yeti (NYSE:YETI) last announced its quarterly earnings data on Thursday, February 14th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.07. The company had revenue of $241.20 million for the quarter, compared to the consensus estimate of $226.45 million. The company’s revenue for the quarter was up 19.3% on a year-over-year basis. Equities analysts predict that Yeti will post 0.92 EPS for the current year.
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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