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Yeti Holdings, Inc. (YETI) 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.
It offers coolers and equipment, including hard coolers, soft coolers, and associated accessories; and drinkware under Rambler brand, as well as hats, shirts, bottle openers, and ice substitutes.
The company distributes its products through independent retailers, including outdoor specialty, hardware, farm and ranch supply stores, and others, as well as through website.
Shares of the company have formed a bullish "cup and handle" and are expected to move higher from this formation. The Company is scheduled to report its quarterly results on August 1.
On May 2nd, Yeti reported 1st Quarter March 2019 earnings of $0.07 per share on revenue of $155.4 million. The consensus earnings estimate was $0.02 per share on revenue of $142.6 million. The company said it now expects 2019 non-GAAP earnings of $1.02 to $1.06 per share and continues to expect revenue of $868.4 million to $880.1 million. The company's previous guidance was earnings of $0.99 to $1.04 per share and the current consensus earnings estimate is $1.02 per share on revenue of $877.0 million for the year ending December 31, 2019.
Entry Point: $35.00
Stop Loss: $33.20
Trading Range: $12.40 to $38.11
Target Price: $38.50
YETI closed at $29
