Yeti Holdings Inc (YETI) to Post FY2018 Earnings of $0.82 Per Share, Jefferies Financial Group Forecasts

Yeti Holdings Inc (NYSE:YETI) – Investment analysts at Jefferies Financial Group boosted their FY2018 EPS estimates for shares of Yeti in a research note issued on Thursday, November 29th. Jefferies Financial Group analyst R. Konik now expects that the company will earn $0.82 per share for the year, up from their previous forecast of $0.80. Jefferies Financial Group currently has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Yeti’s Q4 2018 earnings at $0.28 EPS, Q3 2019 earnings at $0.27 EPS and Q4 2019 earnings at $0.34 EPS.

A number of other equities analysts also recently commented on YETI. William Blair assumed coverage on shares of Yeti in a research note on Monday, November 19th. They issued an “outperform” rating for the company. Citigroup assumed coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $20.00 price objective for the company. KeyCorp assumed coverage on shares of Yeti in a research note on Monday, November 19th. They issued an “overweight” rating and a $22.00 price objective for the company. Goldman Sachs Group assumed coverage on shares of Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Morgan Stanley assumed coverage on shares of Yeti in a research note on Monday, November 19th. They issued an “overweight” rating and a $20.00 price objective for the company. Eleven analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of $21.89.

Yeti stock opened at $16.84 on Monday. Yeti has a fifty-two week low of $14.62 and a fifty-two week high of $21.45.

Yeti (NYSE:YETI) last posted its quarterly earnings results on Thursday, November 29th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $196.10 million for the quarter, compared to the consensus estimate of $195.16 million. The firm’s revenue was up 7.2% compared to the same quarter last year.

In other Yeti news, major shareholder Group Fund V. L.P. Cortec sold 723,495 shares of Yeti stock in a transaction on Wednesday, November 28th. The shares were sold at an average price of $18.00, for a total value of $13,022,910.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Roy J. Seiders sold 378,313 shares of Yeti stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $18.00, for a total transaction of $6,809,634.00. The disclosure for this sale can be found here. Insiders sold 2,219,966 shares of company stock valued at $39,959,388 in the last three months.

Yeti Company Profile

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Earnings History and Estimates for Yeti (NYSE:YETI)

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