YETI Holdings Inc (NYSE: YETI) has a higher price-to-earnings ratio of 19.76x compared to its average ratio. YETI has 36-month beta value of 2.30. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 6 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for YETI is 86.18M, and currently, short sellers hold a 14.54% ratio of that float. The average trading volume of YETI on March 28, 2024 was 1.61M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
YETI) stock’s latest price update
YETI Holdings Inc (NYSE: YETI) has seen a rise in its stock price by 3.85 in relation to its previous close of 36.92. However, the company has experienced a 2.46% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-20 that March 20 is the first day of spring. Not only does the spring equinox usher in longer days, it also signals the start of the 162-game Major League baseball season.
YETI’s Market Performance
YETI Holdings Inc (YETI) has seen a 2.46% rise in stock performance for the week, with a -4.22% decline in the past month and a -27.41% plunge in the past quarter. The volatility ratio for the week is 2.67%, and the volatility levels for the past 30 days are at 3.07% for YETI. The simple moving average for the last 20 days is -0.37% for YETI stock, with a simple moving average of -11.33% for the last 200 days.
Analysts’ Opinion of YETI
Many brokerage firms have already submitted their reports for YETI stocks, with Canaccord Genuity repeating the rating for YETI by listing it as a “Hold.” The predicted price for YETI in the upcoming period, according to Canaccord Genuity is $50 based on the research report published on January 04, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see YETI reach a price target of $42. The rating they have provided for YETI stocks is “Neutral” according to the report published on October 05th, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to YETI, setting the target price at $50 in the report published on September 27th of the previous year.
YETI Trading at -7.86% from the 50-Day Moving Average
After a stumble in the market that brought YETI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -29.20% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 2.67%, as shares sank -7.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -16.36% lower at present.
During the last 5 trading sessions, YETI rose by +2.46%, which changed the moving average for the period of 200-days by +6.83% in comparison to the 20-day moving average, which settled at $38.32. In addition, YETI Holdings Inc saw -25.96% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at YETI starting from McMullen Michael John, who sale 2,460 shares at the price of $48.08 back on Aug 30 ’23. After this action, McMullen Michael John now owns 36,949 shares of YETI Holdings Inc, valued at $118,277 using the latest closing price.
Stock Fundamentals for YETI
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.57 for the gross margin
The net margin for YETI Holdings Inc stands at 0.1. The total capital return value is set at 0.24. Equity return is now at value 27.18, with 13.98 for asset returns.
Based on YETI Holdings Inc (YETI), the company’s capital structure generated 0.12 points at debt to capital in total, while cash flow to debt ratio is standing at 2.96. The debt to equity ratio resting at 0.13. The interest coverage ratio of the stock is 98.97.
Currently, EBITDA for the company is 271.89 million with net debt to EBITDA at -0.98. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 17.32for trailing twelve months and the total asset turnover is 1.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.30.
Conclusion
To put it simply, YETI Holdings Inc (YETI) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
