At the time of writing, YETI Holdings Inc [YETI] stock is trading at $43.12, up 16.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The YETI shares have gain 7.00% over the last week, with a monthly amount glided 15.32%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
YETI Holdings Inc [NYSE: YETI] stock has seen the most recent analyst activity on August 08, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $55 from $46. Previously, Canaccord Genuity downgraded its rating to Hold on January 04, 2024, and elevated its price target to $50. On October 05, 2023, downgrade downgraded it’s rating to Neutral but maintained its price target of $42 on the stock. B. Riley Securities initiated its recommendation with a Neutral and recommended $50 as its price target on September 21, 2023. KeyBanc Capital Markets downgraded its rating to Underweight for this stock on July 17, 2023, but kept the price target unchanged to $34. In a note dated April 19, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.
For the past year, the stock price of YETI Holdings Inc fluctuated between $33.88 and $54.15. Currently, Wall Street analysts expect the stock to reach $74.13 within the next 12 months. YETI Holdings Inc [NYSE: YETI] shares were valued at $43.12 at the most recent close of the market. An investor can expect a potential return of 71.92% based on the average YETI price forecast.
Analyzing the YETI fundamentals
According to YETI Holdings Inc [NYSE:YETI], the company’s sales were 1.76B for trailing twelve months, which represents an 15.14% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.28 and Total Capital is 0.29. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.25.
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 41.08 points at the first support level, and at 39.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.58, and for the 2nd resistance point, it is at 46.04.
Ratios To Look Out For
It is important to note that YETI Holdings Inc [NYSE:YETI] has a current ratio of 2.29. As well, the Quick Ratio is 1.22, while the Cash Ratio is 0.61. Considering the valuation of this stock, the price to sales ratio is 2.09, the price to book ratio is 5.68 and price to earnings (TTM) ratio is 20.01.
Transactions by insiders
Recent insider trading involved McMullen Michael John, CFO, that happened on Aug 30 ’23 when 2460.0 shares were sold.
