YETI Holdings Inc. (NYSE:YETI) Relative Strength Index (RSI) is 53.86, with weekly volatility at 2.18% and ATR at 2.82. The YETI stock’s 52-week price range has touched low of $32.01 and a $91.55 high. Intraday shares traded counted 0.81 million, which was 41.98% higher than its 30-day average trading volume of 1.39M. Its shares traded lower over the last trading session, losing -0.80% on 06/02/21. The shares fell to a low of $86.39 before closing at $87.30. YETI’s previous close was $88.00 while the outstanding shares total 87.18M. The firm has a 12-month trailing P/E ratio of 43.26, and a growth ratio of 2.09.
Investors have identified the Leisure company YETI Holdings Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $7.63 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
YETI Holdings Inc. (YETI) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For YETI, the company has in raw cash 190.29 million on their books with 22.7 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 465.74 million total, with 253.01 million as their total liabilities.
YETI were able to record -53.59 million as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by -62.99 million. In cash movements, the company had a total of -40.32 million as operating cash flow.
Potential earnings growth for YETI Holdings Inc. (YETI)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, YETI Holdings Inc. recorded a total of 247.55 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 29.55% coming in sequential stages and their sales for the 08/05/2021 quarter reducing by -51.79%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 102.37 million trying to sell their products during the last quarter, with the result yielding a gross income of 145.18 million. This allows shareholders to hold on to 87.18M with the recently reported earning now reading 0.35 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.35 cents a share).
Having a look at the company’s valuation, the company is expected to record 2.64 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on YETI sounds very interesting.
Is the stock of YETI attractive?
In related news, President and CEO, Reintjes Matthew J sold 125,653 shares of the company’s stock in a transaction that recorded on May 26. The sale was performed at an average price of 86.93, for a total value of 10,923,557. As the sale deal closes, the SVP of Sales, Zambetti Kirk A now sold 3,000 shares of the company’s stock, valued at 270,000. Also, SVP of Sales, Zambetti Kirk A sold 7,574 shares of the company’s stock in a deal that was recorded on May 21. The shares were price at an average price of 86.30 per share, with a total market value of 653,598. Following this completion of acquisition, the President and CEO, Reintjes Matthew J now holds 20,000 shares of the company’s stock, valued at 1,707,880. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.40%.
9 out of 15 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on YETI Holdings Inc.. 0 analysts has assigned a Sell rating on the YETI stock. The 12-month mean consensus price target for the company’s shares has been set at $96.43.