YETI (NYSE:YETI) Reaches New 52-Week High – Still a Buy?

by · The Cerbat Gem

YETI Holdings, Inc. (NYSE:YETI – Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as $45.67 and last traded at $45.1140, with a volume of 1602703 shares. The stock had previously closed at $43.44.

Analyst Upgrades and Downgrades

YETI has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on YETI from $37.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of YETI in a research note on Tuesday, September 16th. B. Riley reiterated a “neutral” rating and set a $35.00 price target (up from $32.00) on shares of YETI in a research report on Monday, November 10th. Canaccord Genuity Group upped their price objective on shares of YETI from $34.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $38.33.

Read Our Latest Report on YETI

YETI Price Performance

The company has a market capitalization of $3.51 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.77 and a beta of 1.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16. The stock’s 50 day simple moving average is $36.71 and its 200-day simple moving average is $34.77.

YETI (NYSE:YETI – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.57 by $0.04. The business had revenue of $487.77 million during the quarter, compared to analyst estimates of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.71 earnings per share. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. As a group, equities analysts forecast that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Institutional Trading of YETI

A number of large investors have recently modified their holdings of the stock. Danske Bank A S purchased a new position in YETI in the third quarter valued at $907,000. Dark Forest Capital Management LP acquired a new stake in YETI in the 3rd quarter valued at about $2,106,000. Tidal Investments LLC raised its position in YETI by 17.3% in the 3rd quarter. Tidal Investments LLC now owns 101,642 shares of the company’s stock valued at $3,372,000 after purchasing an additional 14,977 shares in the last quarter. Potrero Capital Research LLC purchased a new position in shares of YETI in the 3rd quarter valued at about $12,302,000. Finally, Quarry LP acquired a new position in shares of YETI during the third quarter worth about $30,000.

About YETI

(Get Free Report)

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.

Further Reading