At the last check on Thursday, YETI Holdings Inc.’s (NYSE:YETI) stock was down -$0.78, moving down -1.57 percent to $48.77. The average number of shares traded per day over the past five days has been 1,215,780 shares. 4 times new highs have been achieved over the past 5 days, with a $0.91 gain in that time frame. In the last twenty days, the average volume was 1,165,420, while in the previous 50 days, it was 1,357,224.
Since last month, YETI stock rose 4.41%. Shares of the company fell to $45.34 on 08/25/23, the lowest level in the past month. A 52-week high of $51.27 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 18.06% or $7.64, and marked a new high 12 times. However, the stock has declined by -4.88% since its 52-week high.
YETI stock investors should be aware that YETI Holdings Inc. (YETI) stock had its last reported insider trading activity 22 days ago on Aug 30. McMullen Michael John, the CFO of the company, disposed of 2,460 shares for $48.08 on Aug 30. It resulted in a $118,277 divestment by the insider.
Valuation Metrics
Right now, YETI Holdings Inc. (YETI) has a P/E ratio of about 64.09. The stock’s beta is 2.41. Besides these, the trailing price-to-sales (P/S) ratio of 2.69, the price-to-book (PB) ratio of 7.20, and the price-to-cash flow ratio of 26.78 may also be considered.
Financial Health
In the three months ended June 29, 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 29 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 29, 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 29, 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 29, 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 21.03%, the RSI 9-day stood at 59.33% on 20 September.
With respect to its five-day moving average, the current YETI Holdings Inc. price is up by +1.89% percent or $0.91. At present, YETI shares trade +2.41% above its 20-day simple moving average and +24.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +15.78% above its SMA50 and +4.17% above its SMA200.
Stochastic coefficient K was 53.03% and Stochastic coefficient D was 46.40%, while ATR was 1.37. Given the Stochastic reading of 52.56% for the 14-day period, the RSI (14) reading has been calculated as 59.14%. As of today, the MACD Oscillator reading stands at 1.06, while the 14-day reading stands at 0.73.
Analyst Ratings
B. Riley Securities launched its rating on YETI Holdings Inc. (NYSE: YETI) to a Neutral in a note to investors on Sep-21-23. YETI Holdings Inc. (YETI) has been rated Overweight by analysts. According to 1 brokerage firm, YETI is a sell, and 8 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 $50.50.
