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YETI Holdings, Inc. (YETI) 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, including colsters, lowballs, wine tumbler, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand. In addition, the company offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes.
It sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website.
The company operates in the United States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore, and Japan.
YETI Holdings reported 3rd Quarter September 2020 earnings of $0.59 per share on revenue of $294.6 million. The consensus earnings estimate was $0.36 per share on revenue of $264.7 million. Revenue grew 28.6% on a year-over-year basis.
The company said it expects fourth quarter earnings of $0.57 to $0.60 per share on revenue of $342.24 million to $345.22 million. The current consensus earnings estimate is $0.53 per share on revenue of $340.59 million for the quarter ending December 31, 2020.
This stock has had an earnings per share growth rate of 18.3% and should continue to see an increase in share prices along its "upward trading channel".
Entry Point: $69.50
Trading Range: $15.28 - $74.82
Stop Loss: $66.00
Target Price: $76.45
YETI closed at $77.00
