Yeti Holdings Inc (NYSE:YETI) – Research analysts at Piper Jaffray Companies cut their Q3 2019 earnings estimates for shares of Yeti in a note issued to investors on Tuesday, July 9th. Piper Jaffray Companies analyst P. Keith now anticipates that the company will post earnings of $0.23 per share for the quarter, down from their previous estimate of $0.24. Piper Jaffray Companies also issued estimates for Yeti’s Q3 2020 earnings at $0.29 EPS.

Other research analysts have also recently issued research reports about the company. Morgan Stanley lifted their price objective on AutoZone from $980.00 to $1,050.00 and gave the company an “equal weight” rating in a research note on Friday, March 29th. Cowen reiterated an “outperform” rating and set a $1,420.00 price objective (up previously from $1,390.00) on shares of Alphabet in a research note on Thursday, April 11th. Goldman Sachs Group upgraded Puxin from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $56.00 in a research note on Friday, May 3rd. Zacks Investment Research upgraded SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Friday, July 5th. Finally, Bank of America set a $47.00 price objective on Yandex and gave the company a “buy” rating in a research note on Tuesday, March 19th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.61.

Shares of NYSE:YETI opened at $33.96 on Wednesday. The company’s fifty day moving average is $27.58. The stock has a market capitalization of $2.76 billion and a PE ratio of 43.54. Yeti has a 12-month low of $12.40 and a 12-month high of $36.60. The company has a quick ratio of 0.59, a current ratio of 1.54 and a debt-to-equity ratio of 7.72.

Yeti (NYSE:YETI) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.06. The firm had revenue of $155.40 million for the quarter, compared to the consensus estimate of $143.20 million. The business’s revenue was up 14.9% compared to the same quarter last year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers grew its holdings in shares of Yeti by 1.7% in the first quarter. Rhumbline Advisers now owns 22,116 shares of the company’s stock worth $669,000 after acquiring an additional 375 shares during the period. First Mercantile Trust Co. grew its holdings in shares of Yeti by 5.9% in the first quarter. First Mercantile Trust Co. now owns 8,470 shares of the company’s stock worth $256,000 after acquiring an additional 475 shares during the period. Mark Sheptoff Financial Planning LLC bought a new stake in shares of Yeti in the first quarter worth $45,000. Waldron Private Wealth LLC grew its holdings in shares of Yeti by 11.3% in the first quarter. Waldron Private Wealth LLC now owns 16,695 shares of the company’s stock worth $505,000 after acquiring an additional 1,695 shares during the period. Finally, Emerald Advisers LLC grew its holdings in shares of Yeti by 0.5% in the first quarter. Emerald Advisers LLC now owns 397,623 shares of the company’s stock worth $12,028,000 after acquiring an additional 1,818 shares during the period. 26.01% of the stock is owned by institutional investors.

In other news, Director Roy J. Seiders sold 1,319,302 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total value of $37,600,107.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Bryan C. Barksdale sold 9,650 shares of the business’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $28.50, for a total value of $275,025.00. The disclosure for this sale can be found here. Insiders sold 2,549,150 shares of company stock valued at $72,650,775 in the last 90 days. Company insiders own 10.70% of the company’s stock.

About 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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Earnings History and Estimates for Yeti (NYSE:YETI)

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