Yeti’s (NYSE:YETI) quiet period is set to expire on Tuesday, December 4th. Yeti had issued 16,000,000 shares in its IPO on October 25th. The total size of the offering was $288,000,000 based on an initial share price of $18.00. During Yeti’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
A number of equities analysts recently commented on YETI shares. Jefferies Financial Group started coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating for the company. William Blair started coverage on shares of Yeti in a research note on Monday, November 19th. They issued an “outperform” rating for the company. KeyCorp started coverage on shares of Yeti in a research note on Monday, November 19th. They issued an “overweight” rating and a $22.00 price objective for the company. Morgan Stanley began coverage on shares of Yeti in a research note on Monday, November 19th. They issued an “overweight” rating and a $20.00 price objective for the company. Finally, Robert W. Baird began coverage on shares of Yeti in a report on Monday, November 19th. They issued an “outperform” rating and a $23.00 price target on the stock. Eleven analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $21.89.
NYSE YETI opened at $17.92 on Tuesday. Yeti has a 12-month low of $14.62 and a 12-month high of $18.48.
In other Yeti news, Director Roy J. Seiders sold 378,313 shares of Yeti stock in a transaction on Wednesday, October 24th. The shares were sold at an average price of $18.00, for a total value of $6,809,634.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Ryan R. Seiders sold 1,092,409 shares of Yeti stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $18.00, for a total transaction of $19,663,362.00. The disclosure for this sale can be found here.
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Yeti Company Profile
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