In yesterday’s Wall Street session, YETI Holdings Inc. (NYSE:YETI) shares traded at $42.18, up 4.74% from the previous session.
16 analysts cover YETI Holdings Inc. (NYSE:YETI), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $40.00, we find $52.00. Given the previous closing price of $40.27, this indicates a potential upside of 29.13 percent. YETI stock price is now 6.53% away from the 50-day moving average and -2.85% away from the 200-day moving average. The market capitalization of the company currently stands at $3.64B.
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The stock has received a hold rating from 5 analysts and a buy rating from 9. Brokers who have rated the stock have averaged $53.27 as their price target over the next twelve months.
With the price target of $58, Canaccord Genuity recently initiated with Buy rating for YETI Holdings Inc. (NYSE: YETI). On August 04, 2022, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $85 to quote $50, while ‘KeyBanc Capital Markets’ rates the stock as ‘Sector Weight’.
Insiders disposed of 27,333 shares of company stock worth roughly $1.15 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in YETI stock. A new stake in YETI Holdings Inc. shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $7,841,000. MARSHALL WACE, LLP invested $5,769,000 in shares of YETI during the first quarter. In the first quarter, TWINBEECH CAPITAL LP acquired a new stake in YETI Holdings Inc. valued at approximately $5,708,000. PARTHENON LLC acquired a new stake in YETI for approximately $5,608,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in YETI valued at around $2,745,000 in the second quarter. In total, there are 506 active investors with 98.00% ownership of the company’s stock.
On Wednesday morning YETI Holdings Inc. (NYSE: YETI) stock kicked off with the opening price of $41.04. During the past 12 months, YETI Holdings Inc. has had a low of $27.86 and a high of $81.18. As of last week, the company has a debt-to-equity ratio of 0.19, a current ratio of 2.30, and a quick ratio of 0.70. The fifty day moving average price for YETI is $39.59 and a two-hundred day moving average price translates $43.42 for the stock.
The latest earnings results from YETI Holdings Inc. (NYSE: YETI) was released for Jul, 2022. According to the Leisure Company, earnings per share came in at $0.63, missing analysts’ expectations of $0.68 by -0.05. This compares to $0.60 EPS in the same period last year. The net profit margin was 12.00% and return on equity was 37.80% for YETI. The company reported revenue of $433.56 million for the quarter, compared to $362.64 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.55 percent. For the current quarter, analysts expect YETI to generate $415.3M in revenue.
YETI Holdings Inc.(YETI) Company Profile
YETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand. In addition, the company offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes. It sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website. The company operates in the United States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore, and Japan. YETI Holdings, Inc. was founded in 2006 and is headquartered in Austin, Texas.
