Yeti (YETI) Reaches New 12-Month High at $26.79

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Yeti Holdings Inc (NYSE:YETI) hit a new 52-week high on Wednesday . The stock traded as high as $26.79 and last traded at $26.76, with a volume of 1652444 shares changing hands. The stock had previously closed at $24.42.

Several research analysts recently weighed in on YETI shares. Morgan Stanley restated an “overweight” rating on shares of Yeti in a research report on Friday, February 15th. Bank of America started coverage on shares of Yeti in a research report on Monday, November 19th. They issued a “buy” rating and a $22.00 price objective on the stock. Citigroup started coverage on shares of Yeti in a research report on Monday, November 19th. They issued a “buy” rating and a $20.00 price objective on the stock. Jefferies Financial Group started coverage on shares of Yeti in a research report on Monday, November 19th. They issued a “buy” rating on the stock. Finally, Robert W. Baird upped their price objective on shares of Yeti from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $23.22.

The company has a market capitalization of $2.34 billion and a PE ratio of 35.65.

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

A number of institutional investors and hedge funds have recently modified their holdings of YETI. Strs Ohio purchased a new stake in Yeti in the fourth quarter worth approximately $68,000. Emerald Advisers LLC purchased a new stake in shares of Yeti during the fourth quarter valued at approximately $5,874,000. Advisors Asset Management Inc. purchased a new stake in shares of Yeti during the fourth quarter valued at approximately $62,000. Rhumbline Advisers purchased a new stake in shares of Yeti during the fourth quarter valued at approximately $323,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Yeti during the fourth quarter valued at approximately $5,736,000. 20.89% of the stock is owned by institutional investors and hedge funds.

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Yeti Company Profile (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.

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