Sunday, 1 October 2023

Business News

Canaccord Genuity Sticks to Its Buy Rating for Yeti Holdings (YETI) – TipRanks Financial Blog

Great American Cookies Continues U.S. Expansion Push with First Alaska Location – TipRanks Financial Blog

In a report released yesterday, Brian McNamara from Canaccord Genuity maintained a Buy rating on Yeti Holdings (YETIResearch Report), with a price target of $58.00. The company’s shares closed last Friday at $47.67.

According to TipRanks, McNamara is a 2-star analyst with an average return of 0.7% and a 49.06% success rate. McNamara covers the Consumer Cyclical sector, focusing on stocks such as Newell Brands, Spectrum Brands Holdings, and Yeti Holdings.

Currently, the analyst consensus on Yeti Holdings is a Moderate Buy with an average price target of $52.20.

See today’s best-performing stocks on TipRanks >>

Based on Yeti Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $402.56 million and a net profit of $38.07 million. In comparison, last year the company earned a revenue of $420.04 million and had a net profit of $46.25 million

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

YETI Holdings, Inc. engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J. Seiders and Ryan R. Seiders in 2006 and is headquartered in Austin, TX.

Read More on YETI:

Click Here to Read the Full Original Article at TipRanks Financial Blog…