YETI Holdings Inc (NYSE: YETI) has seen a decline in its stock price by -1.80 in relation to its previous close of 37.71. However, the company has experienced a -4.27% decline 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.
Is It Worth Investing in YETI Holdings Inc (NYSE: YETI) Right Now?
The price-to-earnings ratio for YETI Holdings Inc (NYSE: YETI) is 19.08x, which is above its average ratio. Moreover, the 36-month beta value for YETI is 2.25. Analysts have varying opinions 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 86.27M and currently, short sellers hold a 12.93% of that float. On April 18, 2024, YETI’s average trading volume was 1.68M shares.
YETI’s Market Performance
YETI stock saw an increase of -4.27% in the past week, with a monthly gain of 1.15% and a quarterly increase of -17.12%. The volatility ratio for the week is 2.79%, and the volatility levels for the last 30 days are 2.83% for YETI Holdings Inc (YETI). The simple moving average for the last 20 days is -2.44% for YETI stock, with a simple moving average of -14.59% 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 -6.63% 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 -31.62% of loss for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares surge +1.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.42% lower at present.
During the last 5 trading sessions, YETI fell by -4.27%, which changed the moving average for the period of 200-days by -4.66% in comparison to the 20-day moving average, which settled at $37.98. In addition, YETI Holdings Inc saw -28.49% 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 1.78. 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 wrap up, the performance of YETI Holdings Inc (YETI) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
