YETI (NYSE:YETI) updated its FY 2021 earnings guidance on Thursday. The company provided EPS guidance of $2.510-$2.530 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.480. The company issued revenue guidance of $1.40 billion-$1.41 billion, compared to the consensus revenue estimate of $1.40 billion.
A number of brokerages have commented on YETI. Piper Sandler dropped their target price on shares of YETI from $116.00 to $111.00 and set an overweight rating on the stock in a research note on Wednesday, October 13th. Roth Capital lowered their price target on shares of YETI from $112.00 to $100.00 and set a neutral rating for the company in a research report on Friday, November 12th. Zacks Investment Research raised shares of YETI from a hold rating to a buy rating and set a $96.00 price target for the company in a research report on Friday, October 15th. Cowen lowered their price target on shares of YETI from $118.00 to $114.00 and set an outperform rating for the company in a research report on Friday, November 12th. Finally, Raymond James upped their price target on shares of YETI from $90.00 to $111.00 and gave the stock an outperform rating in a research report on Friday, August 6th. Four research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Buy and an average price target of $107.89.
YETI stock opened at $96.73 on Thursday. The firm has a market capitalization of $8.48 billion, a price-to-earnings ratio of 42.24, a PEG ratio of 2.82 and a beta of 2.61. The company has a current ratio of 1.92, a quick ratio of 1.12 and a debt-to-equity ratio of 0.23. The firm's fifty day moving average price is $96.07. YETI has a one year low of $60.75 and a one year high of $108.82.
YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, November 11th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.57 by $0.07. YETI had a net margin of 15.04% and a return on equity of 57.19%. During the same quarter last year, the firm earned $0.59 EPS. Research analysts predict that YETI will post 2.35 EPS for the current year.
In other YETI news, CEO Matthew J. Reintjes sold 40,004 shares of YETI stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $101.02, for a total transaction of $4,041,204.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Kirk A. Zambetti sold 3,000 shares of YETI stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $100.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 97,122 shares of company stock worth $9,348,664. Insiders own 3.10% of the company's stock.
A hedge fund recently raised its stake in YETI stock. Morgan Stanley lifted its holdings in YETI Holdings, Inc. (NYSE:YETI) by 17.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 888,163 shares of the company's stock after purchasing an additional 132,276 shares during the period. Morgan Stanley owned approximately 1.02% of YETI worth $81,551,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 94.52% of the company's stock.
YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.
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