The closing price of YETI Holdings Inc (NYSE: YETI) was $37.81 for the day, down -1.77% from the previous closing price of $38.49. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 1774680 shares were traded.
Ratios:
Our analysis of YETI’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.14. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 2.30. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.21.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Canaccord Genuity on January 04, 2024, Downgraded its rating to Hold and sets its target price to $50 from $49 previously.
On October 05, 2023, Exane BNP Paribas Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $42.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 30 ’23 when McMullen Michael John sold 2,460 shares for $48.08 per share. The transaction valued at 118,277 led to the insider holds 36,949 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, YETI now has a Market Capitalization of 3.29B and an Enterprise Value of 3.02B. As of this moment, YETI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.48, and their Forward P/E ratio for the next fiscal year is 13.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.27. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 4.54. Its current Enterprise Value per Revenue stands at 1.82 whereas that against EBITDA is 11.12.
Stock Price History:
Over the past 52 weeks, YETI has reached a high of $54.15, while it has fallen to a 52-week low of $34.70. The 50-Day Moving Average of the stock is 43.65, while the 200-Day Moving Average is calculated to be 43.22.
Shares Statistics:
YETI traded an average of 1.59M shares per day over the past three months and 1.69M shares per day over the past ten days. A total of 86.92M shares are outstanding, with a floating share count of 86.18M. Insiders hold about 0.86% of the company’s shares, while institutions hold 111.34% stake in the company. Shares short for YETI as of Feb 29, 2024 were 13.3M with a Short Ratio of 8.39, compared to 12.73M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.30% and a Short% of Float of 19.45%.
Earnings Estimates
The firm’s stock currently is rated by 16 analysts. On average, analysts expect EPS of $0.25 for the current quarter, with a high estimate of $0.4 and a low estimate of $0.16, while EPS last year was $0.18. The consensus estimate for the next quarter is $0.63, with high estimates of $0.7 and low estimates of $0.57.
Analysts are recommending an EPS of between $2.53 and $2.26 for the fiscal current year, implying an average EPS of $2.47. EPS for the following year is $2.76, with 17 analysts recommending between $2.9 and $2.52.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 15 analysts. It ranges from a high estimate of $338M to a low estimate of $329.7M. As of the current estimate, YETI Holdings Inc’s year-ago sales were $302.81M, an estimated increase of 10.30% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $460.05M, an increase of 7.70% less than the figure of $10.30% in the same quarter last year. There is a high estimate of $467.8M for the next quarter, whereas the lowest estimate is $442.9M.
A total of 17 analysts have provided revenue estimates for YETI’s current fiscal year. The highest revenue estimate was $1.83B, while the lowest revenue estimate was $1.68B, resulting in an average revenue estimate of $1.8B. In the same quarter a year ago, actual revenue was $1.66B, up 8.60% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $1.94B in the next fiscal year. The high estimate is $2.04B and the low estimate is $1.8B. The average revenue growth estimate for next year is up 7.90% from the average revenue estimate for this year.
