At the last check on Friday, YETI Holdings Inc.’s (NYSE:YETI) stock was up $0.81, moving up 1.63 percent to $50.76. The average number of shares traded per day over the past five days has been 1,076,523 shares. 5 times new highs have been achieved over the past 5 days, with a $3.92 gain in that time frame. In the last twenty days, the average volume was 1,659,226, while in the previous 50 days, it was 1,379,310.
Since last month, YETI stock rose 24.12%. Shares of the company fell to $39.46 on 08/09/23, the lowest level in the past month. A 52-week high of $50.03 was reached on 09/01/23 after having rallying from a 52-week low of $27.86. Since the beginning of this year, YETI’s stock price has risen by 22.89% or $9.26, and marked a new high 12 times. However, the stock has increased by 1.47% since its 52-week high.
Valuation Metrics
Right now, YETI Holdings Inc. (YETI) has a P/E ratio of about 66.71. The stock’s beta is 2.42. Besides these, the trailing price-to-sales (P/S) ratio of 2.74, the price-to-book (PB) ratio of 7.50, and the price-to-cash flow ratio of 27.29 may also be considered.
Financial Health
In the three months ended June 30, YETI Holdings Inc.’s quick ratio stood at 1.20, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.14, and the total debt-to-equity ratio was 0.15. On the profitability front, the trailing twelve-month gross margin is 48.30% percent. In the year ended June 30, EBITDA margin amounted to 10.50%, whereas operating margins totaled 5.70%. Based on annual data, YETI earned $763.4 million in gross profit and brought in $1.6 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 16.00%. Return on equity (ROE) for the past 12 months was 12.00%.
In YETI Holdings Inc.’s quarter-end financial report for June 30, it reported total debt of $81.11 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. YETI’s revenue fell -4.3% to $301.87 million during the quarter, while net income inched up to $401.84 million. While analysts expected YETI Holdings Inc. to report $0.47 quarterly earnings, the actual figure was $0.57 per share, beating the consensus estimate by 21.30%. During the quarter, the company generated $62.26 million in EBITDA. The liabilities of YETI Holdings Inc. were 498.23 million at the end of its most recent quarter ended June 30, and its total debt was $156.32 million. The value of shareholders’ equity is $86.74 million.
Technical Picture
This quick technical analysis looks at YETI Holdings Inc.’s (YETI) price momentum. With a historical volatility rate of 28.32%, the RSI 9-day stood at 74.72% on 31 August.
With respect to its five-day moving average, the current YETI Holdings Inc. price is up by +8.39% percent or $3.92. At present, YETI shares trade +22.46% above its 20-day simple moving average and +29.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +38.54% above its SMA50 and +14.53% above its SMA200.
Stochastic coefficient K was 94.83% and Stochastic coefficient D was 89.33%, while ATR was 1.69. Given the Stochastic reading of 98.42% for the 14-day period, the RSI (14) reading has been calculated as 70.27%. As of today, the MACD Oscillator reading stands at 1.77, while the 14-day reading stands at 2.53.
Analyst Ratings
YETI Holdings Inc. downgraded its rating on YETI Holdings Inc. (NYSE: YETI) to an Underweight in a note to investors on July 17, 2023. The analysts firm previously had a Sector weight rating on the stock.YETI Holdings Inc. (YETI) has been rated Overweight by analysts. According to 1 brokerage firm, YETI is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate YETI Holdings Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $50.00, the current consensus forecast for the stock is $34.00 – $60.00. Based on these forecasts, analysts predict YETI Holdings Inc. (YETI) will achieve an average price target of $50.53.
