YETI Holdings Inc. (NYSE:YETI) traded with a subtraction of -$1.69 to $32.12 on Thursday, a downside of -5.00 percent. An average of 1,110,419 shares of common stock have been traded in the last five days. There was a fall of -$3.38 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,137,900 shares traded, while the 50-day average volume stands at 1,268,066.
YETI stock has decreased by -17.64% in the last month. The company shares reached their 1-month lowest point of $32.12 on 09/22/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $33.65 and a high of $108.82 in 52 weeks. It has reached a new high 1 time so far this year and lost -59.18% or -$50.71 in price. In spite of this, the price is down -70.48% from the 52-week high.
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283 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 $87.30 per share on Dec 13. In this transaction, the insider spent $2,182,533. President and CEO, Reintjes Matthew J, disposed of 40,004 shares at a price of $101.02 on Nov 15. The insider now owns more than $4,041,303 worth of shares. Prior to that, SVP of Sales Zambetti Kirk A went on to Sale 10,475 shares at $105.00 each on Nov 03. An amount of $1,099,875 was transacted.
YETI Holdings Inc. (YETI) has a trailing price-to-earnings (P/E) ratio of 15.09. The stock’s beta is 2.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.97, the price-to-book (PB) ratio at 5.83.
The quick ratio of YETI Holdings Inc. for the three months ended March 30 was 0.60, and the current ratio was 1.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.17 and a total debt to equity ratio of 0.22 for the quarter ending March 30. Its gross profit as reported stood at $816.11 million compared to revenue of $1.41 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 19.50%.
For the three-month period that ended March 30, YETI Holdings Inc. had $83.58 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 $46.25 million in the quarter, while revenues of $25.66 million were shrunk -21.58%. The analyst consensus anticipated YETI Holdings Inc.’s latest quarter earnings to come in at $0.32 per share, but it turned out to be $0.33, a 3.10% surprise. For the quarter, EBITDA amounted to $78.34 million. Shareholders own equity worth $86.18 million.
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 21 September was 24.89%, suggesting the stock is oversold, with historical volatility in this time frame at 45.06%.
As of today, YETI’s price is $34.03 -9.52% or -$3.38 from its 5-day moving average. YETI is currently trading -20.16% lower than its 20-day SMA and -34.27% lower than its 100-day SMA. However, the stock’s current price level is -30.85% below the SMA50 and -62.45% below the SMA200.
The stochastic %K and %D were 12.40% and 13.42%, respectively, and the average true range (ATR) was 1.79. With the 14-day stochastic at 0.00% and the average true range at 1.89, the RSI (14) stands at 29.68%. The stock has reached -1.86 on the 9-day MACD Oscillator while the 14-day reading was at -2.44.
BofA Securities downgraded YETI Holdings Inc. (NYSE: YETI) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. 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 6 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 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 $43.00 and $76.00, with a median target of $54.50. Taking a look at these predictions, the average price target given by analysts for YETI Holdings Inc. (YETI) stock is $57.50.