YETI Holdings Inc (NYSE: YETI) has seen a decline in its stock price by -1.48 in relation to its previous close of 39.10. However, the company has experienced a -4.65% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-22 that Hold rating for Yeti Holdings stock due to uncertain macro backdrop. Strong innovation and new partnership deals are potential growth drivers. Pivoting production out of China is a positive move for cost savings and risk mitigation.
Is It Worth Investing in YETI Holdings Inc (NYSE: YETI) Right Now?
YETI Holdings Inc (NYSE: YETI) has a price-to-earnings ratio of 17.88x that is above its average ratio. Additionally, the 36-month beta value for YETI is 2.11. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The public float for YETI is 84.00M and currently, short sellers hold a 8.58% ratio of that float. The average trading volume of YETI on September 05, 2024 was 1.48M shares.
YETI’s Market Performance
The stock of YETI Holdings Inc (YETI) has seen a -4.65% decrease in the past week, with a 1.21% rise in the past month, and a -8.63% fall in the past quarter. The volatility ratio for the week is 2.63%, and the volatility levels for the past 30 days are at 3.83% for YETI. The simple moving average for the last 20 days is -4.69% for YETI stock, with a simple moving average of -6.79% for the last 200 days.
Analysts’ Opinion of YETI
Many brokerage firms have already submitted their reports for YETI stocks, with BofA Securities repeating the rating for YETI by listing it as a “Buy.” The predicted price for YETI in the upcoming period, according to BofA Securities is $55 based on the research report published on August 08, 2024 of the current year 2024.
Canaccord Genuity, on the other hand, stated in their research note that they expect to see YETI reach a price target of $50, previously predicting the price at $49. The rating they have provided for YETI stocks is “Hold” according to the report published on January 04th, 2024.
Exane BNP Paribas gave a rating of “Neutral” to YETI, setting the target price at $42 in the report published on October 05th of the previous year.
YETI Trading at -2.25% 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 -28.87% of loss for the given period.
Volatility was left at 3.83%, however, over the last 30 days, the volatility rate increased by 2.63%, as shares surge +0.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.20% lower at present.
During the last 5 trading sessions, YETI fell by -4.65%, which changed the moving average for the period of 200-days by -12.45% in comparison to the 20-day moving average, which settled at $40.42. In addition, YETI Holdings Inc saw -25.61% 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 748 shares at the price of $40.00 back on Aug 29 ’24. After this action, McMullen Michael John now owns 46,624 shares of YETI Holdings Inc, valued at $29,920 using the latest closing price.
McMullen Michael John, the Officer of YETI Holdings Inc, proposed sale 748 shares at $40.00 during a trade that took place back on Aug 29 ’24, which means that McMullen Michael John is holding shares at $29,920 based on the most recent closing price.
Stock Fundamentals for YETI
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.58 for the gross margin
The net margin for YETI Holdings Inc stands at 0.11. The total capital return value is set at 0.29. Equity return is now at value 29.00, with 16.18 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 2.12. The debt to equity ratio resting at 0.14. The interest coverage ratio of the stock is 238.03.
Currently, EBITDA for the company is 271.89 million with net debt to EBITDA at -0.12. When we switch over and look at the enterprise to sales, we see a ratio of 1.83. The receivables turnover for the company is 11.05for trailing twelve months and the total asset turnover is 1.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.29.
Conclusion
In conclusion, YETI Holdings Inc (YETI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
