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NYSE:YETI

YETI (YETI) Stock Forecast, Price & News

$35.88
-1.71 (-4.55%)
(As of 06/9/2023 ET)
Compare
Today's Range
$35.68
$37.77
50-Day Range
$35.48
$43.89
52-Week Range
$27.86
$55.15
Volume
971,034 shs
Average Volume
1.17 million shs
Market Capitalization
$3.11 billion
P/E Ratio
42.21
Dividend Yield
N/A
Price Target
$53.31

YETI MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.53 Rating Score
Upside/​Downside
48.6% Upside
$53.31 Price Target
Short Interest
Healthy
8.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.54mentions of YETI in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
28.64%
From $1.99 to $2.56 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.38 out of 5 stars

Consumer Discretionary Sector

100th out of 269 stocks

Sporting & Athletic Goods, Not Elsewhere Classified Industry

6th out of 10 stocks


YETI stock logo

About YETI (NYSE:YETI) Stock

Yeti Holdings, Inc. is a leading American manufacturer and marketer of premium outdoor lifestyle products. The company's mission is to build the best-in-class products that inspire outdoor enthusiasts to pursue their passions. With a focus on innovation, durability, and performance, Yeti has established itself as a trusted brand among outdoor enthusiasts worldwide.

Headquartered in Austin, Texas, Yeti operates through a network of retail locations, authorized dealers, and e-commerce platforms. The company's diverse range of products includes coolers, drinkware, bags, and accessories designed to withstand the most challenging outdoor conditions. Yeti's products are popular for superior quality, exceptional performance, and durability.

Yeti primarily targets outdoor enthusiasts, including hunters, anglers, campers, and adventurers. The company understands the unique needs of its customers and continuously strives to deliver products that enhance their outdoor experiences. Yeti has successfully built a loyal customer base that values the brand's commitment to quality and performance.

In recent years, Yeti has achieved significant milestones and garnered recognition for its excellence in the outdoor industry. The company's commitment to innovation and customer satisfaction has resulted in numerous accolades and awards. For instance, Yeti's Rambler® Tumbler was awarded the Editor's Choice Award by Outdoor Gear Lab for its outstanding performance and durability.

The management team at Yeti comprises seasoned professionals with a wealth of experience in the outdoor industry. Chief Executive Officer Matt Reintjes is an industry veteran who joined the Yeti team in 2015. Under his leadership, Yeti has expanded its product offerings, strengthened its distribution channels, and successfully entered into new markets. 

Yeti's financial performance has been mediocre in recent years. The company has consistently achieved strong revenue growth but maintains tight profit margins leading to low-profit numbers. The company's debt levels remain manageable, providing a stable financial foundation for future growth initiatives.

Yeti's stock has performed adequately compared to industry peers. The company's price-to-earnings ratio is higher than the industry average, reflecting investors' confidence in its growth potential. The market recognizes Yeti's strong brand value, innovative product portfolio, and robust financial performance, contributing to its premium valuation. In terms of market performance, Yeti's stock has shown resilience after multiple disappointing earnings reports and shrinking profit margins. 

Yeti operates in the highly competitive outdoor industry, which is characterized as having numerous players and evolving consumer preferences. The company faces competition from established brands and emerging players seeking market share. Yeti's competitive advantage lies in its unwavering commitment to quality, product innovation, and brand loyalty. The company's strong distribution network and effective marketing strategies have maintained a significant market presence.

Yeti's growth opportunities are vast and promising. The company continues to invest in research and development to introduce new products and expand its product lines. Yeti's expansion into international markets presents significant growth potential as it taps into new customer bases and leverages its brand recognition.

Despite its strong position in the market, Yeti faces certain risks and challenges. Changes in consumer preferences and shifting market trends could impact the company's sales and demand for its products. Yeti must remain vigilant in understanding and anticipating these changes as consumer tastes evolve to ensure its product offerings align with customer expectations. Additionally, the outdoor industry is highly dependent on seasonal fluctuations, and any adverse weather conditions or unpredictable events could affect consumer spending on outdoor gear.

Yeti operates in a competitive landscape where other brands constantly strive to capture market share. Rival companies may introduce similar products or offer competitive pricing, challenging Yeti's market dominance. To mitigate this risk, Yeti must continue to innovate and differentiate itself by consistently delivering superior products and expanding its customer base.

Yeti's risk management strategies involve proactive measures to stay ahead of potential challenges. The company closely monitors market trends, conducts regular consumer research, and leverages data analytics to gain insights into customer preferences. By staying connected to its target market, Yeti can identify emerging trends and adapt its product offerings accordingly. Additionally, the company maintains strong relationships with suppliers to ensure consistent quality and manage supply chain risks.

Yeti has a robust marketing and branding strategy that focuses on building and maintaining customer loyalty. The company engages with its customer base through social media, brand ambassadors, and community events. By fostering a sense of community and aligning its brand with outdoor enthusiasts, Yeti cultivates long-term customer relationships and enhances brand loyalty, mitigating the risk of losing market share to competitors.

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YETI Stock News Headlines

Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
2 Stocks to Buy on the Dip
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
See More Headlines

YETI Price History

YETI Company Calendar

Last Earnings
11/11/2021
Today
6/09/2023
Next Earnings (Estimated)
8/03/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Sporting & athletic goods, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
823
Year Founded
2006

Price Target and Rating

Average Stock Price Forecast
$53.31
High Stock Price Forecast
$87.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
+48.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.53
Research Coverage
17 Analysts

Profitability

Net Income
$89.69 million
Pretax Margin
6.06%

Debt

Sales & Book Value

Annual Sales
$1.60 billion
Cash Flow
$2.54 per share
Book Value
$6.10 per share

Miscellaneous

Free Float
85,834,000
Market Cap
$3.11 billion
Optionable
Not Optionable
Beta
2.49

Social Links


Key Executives

  • Matthew J. ReintjesMatthew J. Reintjes
    President, Chief Executive Officer & Director
  • Martin H. Duff
    Senior Vice President-Operations & Supply Chain
  • Michael J. McMullen
    CFO, Treasurer, Chief Accounting Officer & SVP
  • Elliott Lyons
    Vice President-Research & Development
  • Bryan C. Barksdale
    Secretary, Senior VP & General Counsel













YETI Stock - Frequently Asked Questions

Should I buy or sell YETI stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for YETI in the last twelve months. There are currently 8 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" YETI shares.
View YETI analyst ratings
or view top-rated stocks.

What is YETI's stock price forecast for 2023?

17 equities research analysts have issued 12 month target prices for YETI's shares. Their YETI share price forecasts range from $42.00 to $87.00. On average, they expect the company's stock price to reach $53.31 in the next year. This suggests a possible upside of 48.6% from the stock's current price.
View analysts price targets for YETI
or view top-rated stocks among Wall Street analysts.

How have YETI shares performed in 2023?

YETI's stock was trading at $41.31 on January 1st, 2023. Since then, YETI shares have decreased by 13.1% and is now trading at $35.88.
View the best growth stocks for 2023 here
.

Are investors shorting YETI?

YETI saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,450,000 shares, a decrease of 13.5% from the April 30th total of 8,610,000 shares. Based on an average daily volume of 1,150,000 shares, the short-interest ratio is presently 6.5 days. Approximately 8.7% of the company's stock are sold short.
View YETI's Short Interest
.

When is YETI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our YETI earnings forecast
.

How were YETI's earnings last quarter?

YETI Holdings, Inc. (NYSE:YETI) issued its quarterly earnings data on Thursday, November, 11th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.57 by $0.07. The business earned $362.64 million during the quarter, compared to analysts' expectations of $357.27 million. YETI had a trailing twelve-month return on equity of 33.52% and a net margin of 4.65%. During the same period last year, the company earned $0.59 EPS.

What guidance has YETI issued on next quarter's earnings?

YETI issued an update on its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of $2.12-$2.23 for the period, compared to the consensus estimate of $2.19. The company issued revenue guidance of $1.68 billion-$1.72 billion, compared to the consensus revenue estimate of $1.70 billion.

What is Matt Reintjes' approval rating as YETI's CEO?

113 employees have rated YETI Chief Executive Officer Matt Reintjes on Glassdoor.com. Matt Reintjes has an approval rating of 89% among the company's employees. 80.0% of employees surveyed would recommend working at YETI to a friend.

What other stocks do shareholders of YETI own?

Based on aggregate information from My MarketBeat watchlists, some companies that other YETI investors own include Advanced Micro Devices (AMD), Alibaba Group (BABA), NVIDIA (NVDA), Block (SQ), Walt Disney (DIS), Netflix (NFLX), Verizon Communications (VZ), AbbVie (ABBV), Micron Technology (MU) and Zoom Video Communications (ZM).

When did YETI IPO?

(YETI) raised $400 million in an initial public offering on Thursday, October 25th 2018. The company issued 20,000,000 shares at $19.00-$21.00 per share. BofA Merrill Lynch, Morgan Stanley and Jefferies acted as the underwriters for the IPO and Baird, Piper Jaffray, Citigroup, Goldman Sachs, KeyBanc Capital Markets, William Blair, Raymond James, Stifel and Academy Securities were co-managers.

What is YETI's stock symbol?

YETI trades on the New York Stock Exchange (NYSE) under the ticker symbol "YETI."

Who are YETI's major shareholders?

YETI's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (9.91%), BlackRock Inc. (8.96%), Wasatch Advisors LP (5.84%), State Street Corp (2.70%), Franklin Resources Inc. (2.66%) and FMR LLC (2.18%). Insiders that own company stock include Hollie Sammons Castro, John Constantine, Kirk A Zambetti, Kirk A Zambetti, Matthew J Reintjes, Matthew J Reintjes, Paul C Carbone and Roy J Seiders.
View institutional ownership trends
.

How do I buy shares of YETI?

Shares of YETI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is YETI's stock price today?

One share of YETI stock can currently be purchased for approximately $35.88.

How much money does YETI make?

YETI (NYSE:YETI) has a market capitalization of $3.11 billion and generates $1.60 billion in revenue each year. The company earns $89.69 million in net income (profit) each year or $0.85 on an earnings per share basis.

How many employees does YETI have?

The company employs 823 workers across the globe.

Does YETI have any subsidiaries?
The following companies are subsidiares of YETI: Silver King Beverages Holding Company 1 LLC, Silver King Beverages Holding Company 2 LLC, Silver King Beverages LLC, YETI (Europe) Limited, YETI Asia Private Limited, YETI Australia Pty Ltd, YETI Canada Limited, YETI Coolers LLC, YETI Custom Drinkware LLC, YETI Hong Kong Limited, YETI Japan G.K., YETI Outdoor Products (Shanghai) Company Limited, and YETI UK Limited.
Read More
How can I contact YETI?

YETI's mailing address is 7601 SOUTHWEST PARKWAY, AUSTIN TX, 78735. The official website for the company is www.yeti.com. The company can be reached via phone at (512) 394-9384 or via email at investor.relations@yeti.com.

This page (NYSE:YETI) was last updated on 6/9/2023 by MarketBeat.com Staff

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