3 Reasons Yeti Holdings Inc. (YETI) May Be Insulated From Pandemic - William Blair
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William Blair analyst Sharon Zackfia reiterated an Outperform rating on Yeti Holdings Inc. (NYSE: YETI) noting 3 reasons the company may be insulated:
1) a customer demographic profile that skews younger (70% under 45)
2) geographic exposure over-indexed to the central and southeastern portions of the country
3) the strength of its functional outdoor lifestyle product portfolio (one could argue outdoor activities are increasing in relevance as pandemic restrictions curtail many other types of activities)
The analyst stated "our most recent consumer survey indicates a widening geographic dispersion in consumer sentiment, with the central and southeastern United States generally more optimistic and anticipating a quicker return to normal versus consumers in the Northeast and Mid-Atlantic".
For an analyst ratings summary and ratings history on Yeti Holdings Inc. click here. For more ratings news on Yeti Holdings Inc. click here.
Shares of Yeti Holdings Inc. closed at $23.22 yesterday.
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