Investors aiming for above-average returns often turn to the practice of stock picking. Skillful choices in individual stocks can be a catalyst for substantial wealth growth.
The closing price of YETI Holdings Inc (NYSE: YETI) was $41.61 for the day, down -2.55% from the previous closing price of $42.70. In other words, the price has decreased by -$2.55 from its previous closing price. On the day, 1.28 million shares were traded. YETI stock price reached its highest trading level at $42.795 during the session, while it also had its lowest trading level at $41.545.
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 12.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.53. For the most recent quarter (mrq), Quick Ratio is recorded 1.45 and its Current Ratio is at 2.58. In the meantime, Its Debt-to-Equity ratio is 0.23 whereas as Long-Term Debt/Eq ratio is at 0.20.
On August 08, 2024, BofA Securities Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $46 to $55.
Canaccord Genuity Downgraded its Buy to Hold on January 04, 2024, whereas the target price for the stock was revised from $49 to $50.
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 29 ’24 when McMullen Michael John sold 748 shares for $40.00 per share. The transaction valued at 29,920 led to the insider holds 46,624 shares of the business.
McMullen Michael John bought 748 shares of YETI for $29,920 on Aug 29 ’24.
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 3622046720 and an Enterprise Value of 3427166976. As of this moment, YETI’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.89, and their Forward P/E ratio for the next fiscal year is 14.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.31. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.96 while its Price-to-Book (P/B) ratio in mrq is 4.58. Its current Enterprise Value per Revenue stands at 1.901 whereas that against EBITDA is 11.101.
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 $33.41. The 50-Day Moving Average of the stock is 6.06%, while the 200-Day Moving Average is calculated to be 6.65%.
Shares Statistics:
YETI traded an average of 1.67M shares per day over the past three months and 1478590 shares per day over the past ten days. A total of 84.81M shares are outstanding, with a floating share count of 84.17M. Insiders hold about 0.78% of the company’s shares, while institutions hold 100.49% stake in the company. Shares short for YETI as of 1731628800 were 10671972 with a Short Ratio of 6.41, compared to 1728950400 on 6679258. Therefore, it implies a Short% of Shares Outstanding of 10671972 and a Short% of Float of 16.420001.
