YETI Holdings, Inc. designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand. The company offers hard and soft coolers, as well as cargo, bags, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand. In addition, the company offers YETI-branded gear products, such as hats, shirts, bottle openers, and ice substitutes. It sells its products through independent retailers, including outdoor specialty, hardware, sporting goods, and farm and ranch supply stores, as well as through Website. The company operates in the United States, Canada, Australia, New Zealand, Europe, Hong Kong, China, Singapore, and Japan. YETI Holdings, Inc. was founded in 2006 and is headquartered in Austin, Texas.
YETI Trading Down 0.2 %
NYSE:YETI opened at $45.57 on Tuesday. YETI has a 52 week low of $38.77 and a 52 week high of $108.82. The firm has a 50 day moving average of $46.06 and a 200 day moving average of $52.37. The company has a quick ratio of 0.58, a current ratio of 1.83 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.32 and a beta of 2.42.
YETI (NYSE:YETI - Get Rating) last posted its earnings results on Thursday, August 4th. The company reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.05). The firm had revenue of $420.04 million for the quarter, compared to analysts' expectations of $422.92 million. YETI had a net margin of 13.02% and a return on equity of 43.04%. The company's revenue was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 EPS. As a group, sell-side analysts anticipate that YETI will post 2.22 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on YETI shares. UBS Group lifted their target price on shares of YETI to $53.00 in a research note on Friday, July 22nd. Raymond James decreased their price target on shares of YETI from $73.00 to $54.00 in a research note on Friday, August 5th. Citigroup decreased their price target on shares of YETI from $65.00 to $57.00 and set a "buy" rating on the stock in a research note on Friday, August 5th. Bank of America cut shares of YETI from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $85.00 to $50.00 in a research note on Thursday, August 4th. Finally, Cowen decreased their target price on shares of YETI from $89.00 to $71.00 in a research report on Thursday, May 12th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, YETI presently has a consensus rating of "Moderate Buy" and an average target price of $63.25.