YETI Holdings Inc (NYSE: YETI)’s stock price has soared by 1.28 in relation to previous closing price of 39.82. Nevertheless, the company has seen a gain of 8.33% in its stock price over the last five trading days. seekingalpha.com reported 2024-11-27 that YETI Holdings, Inc. is an iconic premium brand with solid fundamentals, presenting a value opportunity for double-digit returns over the next few years. Recent earnings beat, with strong growth in sales and margins, supported by strategic collaborations and a robust holiday season outlook. YETI’s valuation metrics indicate significant discounting, with high gross margins and a strong share buyback program enhancing shareholder value.
Is It Worth Investing in YETI Holdings Inc (NYSE: YETI) Right Now?
YETI Holdings Inc (NYSE: YETI) has a price-to-earnings ratio of 17.34x that is above its average ratio. Additionally, the 36-month beta value for YETI is 2.14. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 6 rating it as “overweight,” 10 rating it as “hold,” and 1 rating it as “sell.”
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The public float for YETI is 84.17M and currently, short sellers hold a 12.68% ratio of that float. The average trading volume of YETI on November 28, 2024 was 1.70M shares.
YETI’s Market Performance
The stock of YETI Holdings Inc (YETI) has seen a 8.33% increase in the past week, with a 13.06% rise in the past month, and a -0.10% fall in the past quarter. The volatility ratio for the week is 3.39%, and the volatility levels for the past 30 days are at 4.38% for YETI.. The simple moving average for the past 20 days is 4.72% for YETI’s stock, with a 3.38% simple moving average for the past 200 days.
Analysts’ Opinion of YETI
BofA Securities, on the other hand, stated in their research note that they expect to see YETI reach a price target of $55, previously predicting the price at $46. The rating they have provided for YETI stocks is “Buy” according to the report published on August 08th, 2024.
Canaccord Genuity gave a rating of “Hold” to YETI, setting the target price at $50 in the report published on January 04th of the current year.
YETI Trading at 3.35% 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 -25.53% of loss for the given period.
Volatility was left at 4.38%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares surge +12.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.25% upper at present.
During the last 5 trading sessions, YETI rose by +8.33%, which changed the moving average for the period of 200-days by -14.79% in comparison to the 20-day moving average, which settled at $38.51. In addition, YETI Holdings Inc saw -22.11% 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 0.28. Equity return is now at value 28.55, with 16.56 for asset returns.
Based on YETI Holdings Inc (YETI), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 2.56. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 139.21.
Currently, EBITDA for the company is 271.89 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 1.84. The receivables turnover for the company is 12.55for trailing twelve months and the total asset turnover is 1.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.58.
Conclusion
In conclusion, YETI Holdings Inc (YETI) has seen mixed 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.
