Stocks of YETI Holdings Inc. (NYSE:YETI) traded higher last session on Wall Street, up 5.89% to $42.28.
According to the data, YETI Holdings Inc. (NYSE:YETI) has 16 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $57.00 and a low of $40.00, we find $47.00. Given the previous closing price of $39.93, this indicates a potential upside of 17.71 percent. YETI stock price is now 9.20% away from the 50-day moving average and 8.84% away from the 200-day moving average. The market capitalization of the company currently stands at $3.68B.
A total of 8 analysts have issued a hold rating and 6 have given it a buy rating. Brokers who have rated the stock have averaged $47.79 as their price target over the next twelve months.
Insiders disposed of 50,798 shares of company stock worth roughly $2.15 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 COOPER CREEK PARTNERS MANAGEMENT LLC during the first quarter worth $31,807,000. LORD, ABBETT & CO. LLC invested $30,983,000 in shares of YETI during the first quarter. In the first quarter, CANDRIAM S.C.A. acquired a new stake in YETI Holdings Inc. valued at approximately $18,476,000. ZURICH INSURANCE GROUP LTD/FI acquired a new stake in YETI for approximately $17,656,000. EMPOWER ADVISORY GROUP, LLC purchased a new stake in YETI valued at around $9,555,000 in the second quarter. In total, there are 524 active investors with 98.00% ownership of the company’s stock.
Wednesday’s opening bell rang with an opening price of $40.51 for YETI Holdings Inc. (NYSE: YETI). During the past 12 months, YETI Holdings Inc. has had a low of $27.86 and a high of $55.15. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 2.00, and a quick ratio of 0.90. According to the stock market information, the enterprise value for the company is $3.65B, which is based on a 49.33 price-to-earnings ratio, a 5.75 price-to-earnings-growth ratio, and a beta of 2.45. The fifty day moving average price for YETI is $38.77 and a two-hundred day moving average price translates $38.90 for the stock.
The latest earnings results from YETI Holdings Inc. (NYSE: YETI) was released for Mar, 2023. According to the Leisure Company, earnings per share came in at $0.18, beating analysts’ expectations of $0.16 by 0.02. This compares to $0.29 EPS in the same period last year. The net profit margin was 4.60% and return on equity was 14.10% for YETI. The company reported revenue of $302.8 million for the quarter, compared to $293.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.12 percent. For the current quarter, analysts expect YETI to generate $412.91M 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. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories. The company also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, straw mugs and cups, bottles, jugs, and water bottles, as well as accessories comprising bottle straw and chug caps, lids, straw lids, color packs, tumbler handles, and jug mounts under the Rambler brand. In addition, it offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes. The company sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website. It 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.
