Yeti Holdings Inc (NYSE:YETI) gapped up prior to trading on Friday . The stock had previously closed at $28.69, but opened at $27.81. Yeti shares last traded at $29.12, with a volume of 14283 shares traded.

A number of brokerages recently issued reports on YETI. Jefferies Financial Group began coverage on Yeti in a research report on Monday, November 19th. They issued a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Yeti in a research report on Friday, February 15th. Raymond James began coverage on Yeti in a research report on Monday, November 19th. They set an “outperform” rating and a $19.00 price target on the stock. Goldman Sachs Group began coverage on Yeti in a research report on Monday, November 19th. They set a “buy” rating and a $27.00 price target on the stock. Finally, Zacks Investment Research restated a “sell” rating on shares of Yeti in a research report on Saturday, January 26th. One research analyst has rated the stock with a sell rating and eleven have given a buy rating to the company. Yeti presently has an average rating of “Buy” and an average price target of $23.22.

The stock has a market cap of $2.34 billion and a price-to-earnings ratio of 38.19.

Yeti (NYSE:YETI) last released its quarterly earnings results on Thursday, February 14th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.07. The firm had revenue of $241.20 million for the quarter, compared to analysts’ expectations of $226.45 million. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, analysts expect that Yeti Holdings Inc will post 0.92 earnings per share for the current year.

Large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in shares of Yeti during the fourth quarter valued at about $30,000. Legal & General Group Plc bought a new position in shares of Yeti during the fourth quarter valued at about $40,000. NumerixS Investment Technologies Inc bought a new position in shares of Yeti during the fourth quarter valued at about $43,000. Advisor Group Inc. bought a new position in shares of Yeti during the fourth quarter valued at about $59,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Yeti during the fourth quarter valued at about $62,000. 20.89% of the stock is currently owned by hedge funds and other institutional investors.

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About Yeti (NYSE:YETI)

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.

Further Reading: Systematic Risk and Investors

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