Fly News Breaks for December 18, 2019
Dec 18, 2019 | 08:42 EDT
Jefferies analyst Randal Konik said his checks reveal that Yeti (YETI) products are now being sold by Lowe's (LOW) online and in at least 29 stores in 6 states, with more store distribution to come in February. He sees this as a sign of Yeti's increasing awareness, distribution, and brand "love." The analyst, who sees the total addressable market widening for Yeti, keeps a Buy rating and $47 price target on the shares.
News For YETI;LOW From the Last 2 Days
Apr 22, 2021 | 10:32 EDT
Lowe's announced it acquired the Stainmaster brand, which it calls "the most recognized and trusted carpet brand on the market today." Lowe's said: "With this acquisition, Lowe's will build on its decade-long exclusive position as the only national home improvement retailer to carry Stainmaster carpet. The purchase includes all brand-related intellectual property from its parent company, Invista, and all related trademarks and sub-brands. The Stainmaster acquisition is a step in delivering Lowe's Total Home strategy by elevating the retailer's assortment, providing consumers with the products and brands they trust for every project across their entire home. Stainmaster will join Lowe's private brand portfolio, and the company sees opportunity to extend its high-performance characteristics into other product categories."