Yeti (NYSE:YETI) Shares Gap Up to $31.37

Yeti Holdings Inc (NYSE:YETI)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $29.82, but opened at $31.37. Yeti shares last traded at $32.28, with a volume of 3,320,555 shares changing hands.

A number of analysts recently weighed in on YETI shares. Cowen set a $38.00 price objective on shares of Yeti and gave the stock a “buy” rating in a research report on Wednesday, October 9th. KeyCorp boosted their target price on Yeti from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, November 5th. Zacks Investment Research raised Yeti from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Saturday, November 9th. ValuEngine downgraded Yeti from a “hold” rating to a “sell” rating in a report on Thursday, October 24th. Finally, Piper Jaffray Companies set a $39.00 price target on Yeti and gave the stock a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $34.48.

The business’s fifty day moving average is $31.35 and its two-hundred day moving average is $29.66. The company has a market cap of $2.68 billion, a P/E ratio of 41.38, a price-to-earnings-growth ratio of 1.94 and a beta of 2.96. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.61 and a current ratio of 1.65.

Yeti (NYSE:YETI) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $229.10 million during the quarter, compared to analysts’ expectations of $222.35 million. Yeti had a net margin of 8.27% and a return on equity of 152.95%. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 EPS. Analysts expect that Yeti Holdings Inc will post 1.04 EPS for the current fiscal year.

In other Yeti news, SVP Bryan C. Barksdale sold 14,000 shares of the stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $28.02, for a total transaction of $392,280.00. Also, major shareholder Ryan R. Seiders sold 1,462,751 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $29.00, for a total transaction of $42,419,779.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,417,983 shares of company stock valued at $70,107,787. 10.70% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in YETI. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Yeti in the second quarter valued at approximately $25,000. Lee Financial Co purchased a new position in Yeti during the 2nd quarter worth $26,000. Usca Ria LLC acquired a new position in Yeti during the 3rd quarter valued at about $28,000. Oppenheimer Asset Management Inc. acquired a new position in Yeti during the 3rd quarter valued at about $30,000. Finally, CenterStar Asset Management LLC raised its stake in Yeti by 401.6% in the third quarter. CenterStar Asset Management LLC now owns 2,137 shares of the company’s stock valued at $60,000 after buying an additional 1,711 shares during the last quarter. Hedge funds and other institutional investors own 49.58% of the company’s stock.

Yeti Company Profile (NYSE:YETI)

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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