YETI Holdings, Inc. (NYSE:YETI) Forecasted to Post Q2 2021 Earnings of $0.46 Per Share

YETI Holdings, Inc. (NYSE:YETI) – Stock analysts at Piper Sandler raised their Q2 2021 EPS estimates for YETI in a research note issued on Tuesday, May 11th. Piper Sandler analyst P. Keith now forecasts that the company will earn $0.46 per share for the quarter, up from their prior forecast of $0.44. Piper Sandler has a “Overweight” rating and a $97.00 price objective on the stock.

Other research analysts have also recently issued research reports about the company. Raymond James upped their price target on YETI from $83.00 to $90.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup increased their target price on shares of YETI from $101.00 to $106.00 and gave the stock a “buy” rating in a research report on Friday. Robert W. Baird boosted their price target on shares of YETI from $87.00 to $100.00 and gave the company an “outperform” rating in a research report on Monday, May 10th. Morgan Stanley upped their price target on shares of YETI from $60.00 to $66.00 and gave the company an “equal weight” rating in a research note on Friday, February 12th. Finally, Credit Suisse Group lifted their price objective on shares of YETI from $85.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. YETI currently has an average rating of “Buy” and a consensus target price of $84.00.

YETI stock opened at $88.55 on Friday. The business’s 50 day simple moving average is $82.05 and its 200 day simple moving average is $71.22. YETI has a 12 month low of $25.38 and a 12 month high of $90.65. The company has a market cap of $7.72 billion, a price-to-earnings ratio of 113.53, a PEG ratio of 2.66 and a beta of 2.80. The company has a current ratio of 2.80, a quick ratio of 1.74 and a debt-to-equity ratio of 1.60.

YETI (NYSE:YETI) last released its earnings results on Thursday, May 13th. The company reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.17. YETI had a net margin of 7.17% and a return on equity of 84.63%. The firm had revenue of $247.60 million for the quarter, compared to analysts’ expectations of $218.11 million. During the same period in the previous year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up 42.0% on a year-over-year basis.

In other news, CEO Matthew J. Reintjes sold 20,000 shares of the company’s stock in a transaction dated Tuesday, February 16th. The stock was sold at an average price of $70.48, for a total value of $1,409,600.00. Following the completion of the transaction, the chief executive officer now directly owns 327,155 shares in the company, valued at approximately $23,057,884.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Paul C. Carbone sold 13,336 shares of the stock in a transaction dated Monday, February 22nd. The shares were sold at an average price of $74.48, for a total value of $993,265.28. Following the transaction, the chief financial officer now owns 72,857 shares in the company, valued at $5,426,389.36. The disclosure for this sale can be found here. Insiders sold a total of 87,264 shares of company stock worth $6,525,142 in the last three months. Insiders own 10.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC raised its stake in shares of YETI by 600.0% during the first quarter. Signaturefd LLC now owns 350 shares of the company’s stock worth $25,000 after acquiring an additional 300 shares in the last quarter. IndexIQ Advisors LLC bought a new position in shares of YETI during the 1st quarter valued at $32,000. International Assets Investment Management LLC purchased a new position in YETI in the 1st quarter worth $33,000. Archer Investment Corp bought a new stake in YETI in the fourth quarter worth $38,000. Finally, Vantage Consulting Group Inc purchased a new stake in YETI during the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 93.49% of the company’s stock.

YETI Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, tumblers, mugs, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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