Long Position on YETI @ $72.75 on 3/17/2021 (Momentum)

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, 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. 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.

As the camping craze continues amidst COVID-19 lockdowns, demand for outdoor gear has increased, which means there should be strong growth for this stock.

Entry Point: $72.75

Trading Range: $15.28 - $80.89

Stop Loss: $69.15

Target Price: $80.00

Updates

4/12/2021 10:49:28 AM

YETI closed at $82.50

Position closed on 4/12/2021 at price of $82.50 with a 13.40% gain in 26 days.

Back to Portfolio