YETI Holdings Inc [YETI] stock prices are up 0.21% to $38.76 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The YETI shares have gain 2.24% over the last week, with a monthly amount glided 2.51%, and seem to be holding up well over a long-time horizon.
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On 15, February 2024, YETI Reports Fourth Quarter and Fiscal Year 2023 Results. In a post published today on Yahoo Finance, Announces Two Category Expansion Acquisitions & a $300 Million Share Repurchase Program.
From an analyst’s perspective:
YETI Holdings Inc [NYSE: YETI] stock has seen the most recent analyst activity on January 04, 2024, when Canaccord Genuity downgraded its rating to a Hold and also boosted its price target to $50 from $49. Previously, Exane BNP Paribas downgraded its rating to Neutral on October 05, 2023, and kept the price target unchanged to $42. B. Riley Securities started tracking the stock assigning a Neutral rating and suggested a price target of $50 on September 21, 2023. KeyBanc Capital Markets downgraded its rating to a Underweight but $34 remained the price target by the analyst firm on July 17, 2023. In a note dated February 24, 2023, Goldman downgraded an Neutral rating on this stock and revised its target price from $51 to $43.
The stock price of YETI Holdings Inc [YETI] has been fluctuating between $34.70 and $54.15 over the past year. Currently, Wall Street analysts expect the stock to reach $75.06 within the next 12 months. YETI Holdings Inc [NYSE: YETI] shares were valued at $38.76 at the most recent close of the market. An investor can expect a potential return of 93.65% based on the average YETI price forecast.
Analyzing the YETI fundamentals
The YETI Holdings Inc [NYSE:YETI] reported sales of 1.66B for trailing twelve months, representing a surge of 16.03%. Gross Profit Margin for this corporation currently stands at 0.57% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.13, Equity is 0.27 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.13.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.33 points at the first support level, and at 37.90 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.01, and for the 2nd resistance point, it is at 39.26.
YETI Holdings Inc [YETI] reported earnings per share of $0.9 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.96/share, meaning a difference of -$0.06 and a surprise factor of -6.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.6 per share as compared to estimates of $0.55 per share, a difference of $0.05 representing a surprise of 9.10%.
Ratios To Look Out For
It’s worth pointing out that YETI Holdings Inc [NYSE:YETI]’s Current Ratio is 2.30. Further, the Quick Ratio stands at 1.45, while the Cash Ratio is 1.1. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 4.66 and price to earnings (TTM) ratio is 19.97.
Transactions by insiders
Recent insider trading involved McMullen Michael John, CFO, that happened on Aug 30 ’23 when 2460.0 shares were sold.
