Yeti Holdings Inc (NYSE:YETI) Director Roy J. Seiders sold 1,319,302 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total transaction of $37,600,107.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Yeti stock traded down $0.59 on Thursday, hitting $27.52. 39,379 shares of the company traded hands, compared to its average volume of 1,696,663. The stock has a market cap of $2.42 billion and a P/E ratio of 35.64. Yeti Holdings Inc has a 52 week low of $12.40 and a 52 week high of $36.60.
Yeti (NYSE:YETI) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.06. The company had revenue of $155.40 million for the quarter, compared to the consensus estimate of $143.20 million. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Sell-side analysts expect that Yeti Holdings Inc will post 0.95 earnings per share for the current fiscal year.
YETI has been the topic of a number of recent analyst reports. Bank of America restated a “buy” rating and set a $25.00 target price on shares of Yeti in a research note on Tuesday, March 19th. Morgan Stanley restated an “overweight” rating on shares of Yeti in a research note on Friday, February 15th. Goldman Sachs Group cut shares of Yeti from a “buy” rating to a “neutral” rating and raised their target price for the stock from $31.00 to $33.00 in a research note on Friday, May 3rd. Stifel Nicolaus raised their target price on shares of Yeti from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, March 8th. Finally, Jefferies Financial Group raised their target price on shares of Yeti from $35.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $27.61.
Several institutional investors have recently added to or reduced their stakes in YETI. FMR LLC purchased a new position in shares of Yeti in the fourth quarter valued at $53,452,000. Jennison Associates LLC purchased a new position in Yeti during the fourth quarter worth $17,726,000. BlackRock Inc. boosted its stake in Yeti by 4.1% during the first quarter. BlackRock Inc. now owns 1,086,685 shares of the company’s stock worth $32,872,000 after buying an additional 42,587 shares during the period. Victory Capital Management Inc. purchased a new position in Yeti during the fourth quarter worth $11,805,000. Finally, Norges Bank purchased a new position in Yeti during the fourth quarter worth $10,483,000. Hedge funds and other institutional investors own 21.89% of the company’s stock.
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Yeti Company Profile
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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