Shares of Yeti Holdings Inc (NYSE:YETI) reached a new 52-week high during mid-day trading on Tuesday after Bank of America raised their price target on the stock from $25.00 to $33.00. Bank of America currently has a buy rating on the stock. Yeti traded as high as $31.00 and last traded at $29.85, with a volume of 20506 shares changing hands. The stock had previously closed at $30.02.

Several other analysts have also issued reports on YETI. Robert W. Baird started coverage on Yeti in a report on Monday, November 19th. They set an “outperform” rating and a $23.00 price target for the company. Jefferies Financial Group started coverage on Yeti in a research note on Monday, November 19th. They issued a “buy” rating for the company. KeyCorp started coverage on 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 started coverage on Yeti in a research note on Monday, November 19th. They issued a “buy” rating and a $27.00 price objective for the company. Finally, Piper Jaffray Companies started coverage on Yeti in a research note on Monday, November 19th. They issued an “overweight” rating and a $23.00 price objective for the company. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.44.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC bought a new position in shares of Yeti in the fourth quarter worth about $53,452,000. Jennison Associates LLC purchased a new stake in shares of Yeti in the fourth quarter worth about $17,726,000. BlackRock Inc. purchased a new stake in shares of Yeti in the fourth quarter worth about $15,494,000. Victory Capital Management Inc. purchased a new stake in shares of Yeti in the fourth quarter worth about $11,805,000. Finally, Norges Bank purchased a new stake in shares of Yeti in the fourth quarter worth about $10,483,000. 20.89% of the stock is owned by hedge funds and other institutional investors.

The stock has a market capitalization of $2.53 billion and a P/E ratio of 37.54.

Yeti (NYSE:YETI) last posted its earnings results on Thursday, February 14th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.07. The firm had revenue of $241.20 million during the quarter, compared to analysts’ expectations of $226.45 million. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. As a group, research analysts expect that Yeti Holdings Inc will post 0.92 earnings per share for the current fiscal year.

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About Yeti (NYSE:YETI)

Yeti Holdings, Inc 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.

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