YETI Holdings Inc. (YETI): Find Out What Insiders Are Doing

YETI Holdings Inc. (NYSE:YETI) finished Friday with an addition of $0.32 to close at $93.04, an upside of 0.35 percent. An average of 514,120 shares of common stock have been traded in the last five days. There was a gain of $4.91 in the past week, and it reached a new high 42 times over the past 12 months. The last 20 days have seen an average of 877,310 shares traded, while the 50-day average volume stands at 824,392.

YETI stock has decreased by -5.92% in the last month. The company shares reached their 1-month lowest point of $82.44 on 10/06/21. With the stock rallying to its 52-week high on 08/06/21, shares of the company touched a low of $47.66 and a high of $105.62 in 52 weeks. It has reached a new high 30 times so far this year and achieved 35.88% or $24.57 in price. In spite of this, the price is down -11.91% from the 52-week high.


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Insider Transactions

12 days have passed since YETI Holdings Inc. (YETI) last reported insider trading activity. Reintjes Matthew J, who is President and CEO, most recently acquired $25,000 shares at $84.80 per share on Oct 11. In this transaction, the insider spent $2,120,046. President and CEO, Reintjes Matthew J, disposed of 25,000 shares at a price of $99.01 on Sep 13. The insider now owns more than $2,475,204 worth of shares. Prior to that, President and CEO Reintjes Matthew J went on to Sale 12,783 shares at $101.01 each on Aug 17. An amount of $1,291,211 was transacted.

Valuation Metrics

YETI Holdings Inc. (YETI) has a trailing price-to-earnings (P/E) ratio of 41.00, which compares with the 21.70 for the broader industry and 32.04 for the sector. In the last five years, YETI Holdings Inc.’s PE ratio has ranged between 68.64 and 21.52. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.48, the price-to-book (PB) ratio at 21.15, and the price-to-cash flow ratio at 29.29.

The quick ratio of YETI Holdings Inc. for the three months ended June 29 was 1.10, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.28 and a total debt to equity ratio of 0.34 for the quarter ending June 29. YETI Holdings Inc.’s EBITDA margin for the year ending June 29 is 22.52%, while its operating margin for the same period stands at 20.70%. Its gross profit as reported stood at $628.8 million compared to revenue of $1.09 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, YETI Holdings Inc.’s return on assets was 26.30%. For the broader industry, ROE averaged 9.95 over the past year.

Earnings Surprise

For the three-month period that ended June 29, YETI Holdings Inc. had $107.76 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $56.23 million in the quarter, while revenues were grew 84.92%. The analyst consensus anticipated YETI Holdings Inc.’s latest quarter earnings to come in at $0.56 per share, but it turned out to be $0.68, a 21.40% surprise. For the quarter, EBITDA amounted to $79.98 million. Shareholders own equity worth $87.47 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at YETI Holdings Inc. (YETI) price momentum. RSI 9-day as of the close on 22 October was 65.24%, suggesting the stock is Neutral, with historical volatility in this time frame at 25.91%.

As of today, YETI’s price is $90.79 +5.57% or $4.91 from its 5-day moving average. YETI is currently trading -3.05% lower than its 20-day SMA and +6.58% higher than its 100-day SMA. However, the stock’s current price level is -8.78% below the SMA50 and +28.22% above the SMA200.

The stochastic %K and %D were 88.60% and 86.42%, respectively, and the average true range (ATR) was 2.70. With the 14-day stochastic at 93.81% and the average true range at 2.83, the RSI (14) stands at 56.60%. The stock has reached 2.73 on the 9-day MACD Oscillator while the 14-day reading was at 4.11.

Analyst Ratings

Goldman launched coverage on YETI Holdings Inc. (NYSE: YETI) in its analyst report released on July 14, 2021. The firm assigned the stock a a Buy rating. The consensus rating for YETI Holdings Inc. (YETI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell YETI, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is YETI’s price target for the next 12 months?

Analysts predict a range of price targets between $92.00 and $125.00, with a median target of $115.00. Taking a look at these predictions, the average price target given by analysts for YETI Holdings Inc. (YETI) stock is $112.24.

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