Stock Market News

YETI Holdings CFO Resignation Disappoints Stifel Analyst

2022.09.23 12:25



© Reuters. YETI Holdings (YETI) CFO Resignation Disappoints Stifel Analyst

By Sam Boughedda 

YETI Holdings, Inc. (NYSE:) announced the resignation of Chief Financial Officer Paul Carbone on Friday, effective October 28, 2022.

The company said Carbone is stepping down to return to Boston and pursue a business opportunity.

“Paul has made an indelible contribution to the organization during his tenure and was instrumental in guiding YETI through our initial public offering in 2018,” said Matt Reintjes, President and CEO of YETI.

Following the announcement, Stifel analyst Jim Duffy said the firm is “disappointed to see him move on from YETI and expect his departure to create uncertainty that weighs on shares.”

“Notably, this news was announced without reiteration of FY22 guidance. We look for the company to attract a seasoned financial professional with experience overseeing a business with supply chain and global complexity,” added Duffy, who kept a Hold rating and $43 price target on the stock.

YETI shares are down 4.5% Friday at the time of writing.



Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 75,996.36 1.17%
vested-xor
Vested XOR (VXOR) $ 3,405.08 99,999.99%
ethereum
Ethereum (ETH) $ 2,907.57 3.21%
tether
Tether (USDT) $ 1.00 0.06%
solana
Solana (SOL) $ 199.45 5.68%
bnb
BNB (BNB) $ 598.45 0.54%
usd-coin
USDC (USDC) $ 1.00 0.02%
xrp
XRP (XRP) $ 0.547769 1.30%
dogecoin
Dogecoin (DOGE) $ 0.198185 2.82%
staked-ether
Lido Staked Ether (STETH) $ 2,906.51 3.21%
cardano
Cardano (ADA) $ 0.426321 15.12%
tron
TRON (TRX) $ 0.161072 0.07%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,445.21 3.60%
the-open-network
Toncoin (TON) $ 4.86 0.68%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 1.10%
avalanche-2
Avalanche (AVAX) $ 27.48 1.45%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 75,964.35 1.48%
weth
WETH (WETH) $ 2,905.92 3.18%
chainlink
Chainlink (LINK) $ 12.74 3.58%
bitcoin-cash
Bitcoin Cash (BCH) $ 372.28 1.20%
sui
Sui (SUI) $ 2.28 1.29%
polkadot
Polkadot (DOT) $ 4.29 4.54%
leo-token
LEO Token (LEO) $ 6.35 3.16%
usds
USDS (USDS) $ 1.00 0.18%
litecoin
Litecoin (LTC) $ 71.04 0.20%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,059.75 3.24%
uniswap
Uniswap (UNI) $ 8.73 2.22%
near
NEAR Protocol (NEAR) $ 4.18 0.17%
aptos
Aptos (APT) $ 9.65 0.49%
pepe
Pepe (PEPE) $ 0.000011 3.93%
bittensor
Bittensor (TAO) $ 501.53 2.90%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.40 0.83%
internet-computer
Internet Computer (ICP) $ 7.70 1.25%
dai
Dai (DAI) $ 1.00 0.08%
monero
Monero (XMR) $ 165.12 1.58%
stellar
Stellar (XLM) $ 0.101345 3.37%
ethereum-classic
Ethereum Classic (ETC) $ 20.14 0.02%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.00%
whitebit
WhiteBIT Coin (WBT) $ 19.59 1.68%
kaspa
Kaspa (KAS) $ 0.112463 5.63%
crypto-com-chain
Cronos (CRO) $ 0.099916 16.19%
aave
Aave (AAVE) $ 180.75 1.50%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.344653 1.30%
blockstack
Stacks (STX) $ 1.64 2.16%
okb
OKB (OKB) $ 40.25 0.48%
first-digital-usd
First Digital USD (FDUSD) $ 1.00 0.06%
dogwifcoin
dogwifhat (WIF) $ 2.32 0.73%
arbitrum
Arbitrum (ARB) $ 0.571311 0.56%
filecoin
Filecoin (FIL) $ 3.71 0.92%
mantle
Mantle (MNT) $ 0.65454 2.84%