YETI Holdings Inc. (NYSE: YETI) is 28.82% higher on its value in year-to-date trading and has touched a low of $24.63 and a high of $89.70 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The YETI stock was last observed hovering at around $87.62 in the last trading session, with the day’s gains setting it 0.58% off its average median price target of $86.00 for the next 12 months. It is also 12.67% off the consensus price target high of $101.00 offered by 15 analysts, but current levels are -33.64% lower than the price target low of $66.00 for the same period.
Currently trading at $88.20, the stock is 7.64% and 17.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.65 million and changing 0.66% at the moment leaves the stock 42.30% off its SMA200. YETI registered 208.18% gain for a year compared to 6-month gain of 66.20%. The firm has a 50-day simple moving average (SMA 50) of $77.84 and a 200-day simple moving average (SMA200) of $68.32.
The stock witnessed a 23.49% loss in the last 1 month and extending the period to 3 months gives it a 27.88%, and is 2.75% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.66% over the week and 4.15% over the month.
YETI Holdings Inc. (YETI) has around 701 employees, a market worth around $7.51B and $1.09B in sales. Current P/E ratio is 49.83 and Fwd P/E is 35.06. Profit margin for the company is 14.30%. Distance from 52-week low is 258.10% and -1.67% from its 52-week high. The company has generated returns on investments over the last 12 months (39.10%).
YETI Holdings Inc. (YETI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for YETI Holdings Inc. (YETI) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 2 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
YETI Holdings Inc. is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $217.99M over the same period.The EPS is expected to grow by 203.60% this year, but quarterly earnings will post 17.10% year-over-year. Quarterly sales are estimated to grow 25.00% in year-over-year returns.
YETI Holdings Inc. (YETI) Top Institutional Holders
464 institutions hold shares in YETI Holdings Inc. (YETI), with 8.75M shares held by insiders accounting for 10.03% while institutional investors hold 110.06% of the company’s shares. The shares outstanding are 87.11M, and float is at 78.27M with Short Float at 8.43%. Institutions hold 99.01% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 12.0 million shares valued at $821.88 million. The investor’s holdings represent 13.77% of the YETI Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 8.05 million shares valued at $551.46 million to account for 9.24% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 6.71 million shares representing 7.70% and valued at over $459.56 million, while Capital Research Global Investors holds 4.44% of the shares totaling 3.87 million with a market value of $265.25 million.
YETI Holdings Inc. (YETI) Insider Activity
A total of 88 insider transactions have happened at YETI Holdings Inc. (YETI) in the last six months, with sales accounting for 76 and purchases happening 12 times. The most recent transaction is an insider sale by Reintjes Matthew J, the company’s President and CEO. SEC filings show that Reintjes Matthew J sold 20,000 shares of the company’s common stock on Apr 12 at a price of $81.40 per share for a total of $1.63 million. Following the sale, the insider now owns 0.25 million shares.
YETI Holdings Inc. disclosed in a document filed with the SEC on Mar 15 that Reintjes Matthew J (President and CEO) sold a total of 20,000 shares of the company’s common stock. The trade occurred on Mar 15 and was made at $72.78 per share for $1.46 million. Following the transaction, the insider now directly holds 0.27 million shares of the YETI stock.
Still, SEC filings show that on Mar 02, Barksdale Bryan C. (SVP, GC & Secretary) disposed off 3,498 shares at an average price of $71.45 for $0.25 million. The insider now directly holds 24,844 shares of YETI Holdings Inc. (YETI).