why YETI Holdings Inc. [YETI] is a Good Choice for Investors After New Price Target of $43.71

YETI Holdings Inc. [NYSE: YETI] jumped around 1.91 points on Monday, while shares priced at $50.80 at the close of the session, up 3.91%. The company report on July 16, 2020 that YETI Holdings, Inc. Announces Reporting Date for Second Quarter Fiscal 2020 Financial Results.

YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced that it plans to report its second quarter fiscal year 2020 financial results on Thursday, August 6, 2020, before the market opens. Following the earnings release, YETI will host a conference call at 8:00 a.m. ET to discuss its financial results.

Investors and analysts who wish to participate in the call are invited to dial 877-451-6152 (international callers, please dial 201-389-0879) approximately 10 minutes prior to the start of the call. Please reference Conference ID 13706876 when prompted. A live webcast of the conference call will be available in the investor relations section of the company’s website, www.investors.yeti.com.

YETI Holdings Inc. stock is now 46.06% up from its year-to-date (YTD) trading value. YETI Stock saw the intraday high of $51.09 and lowest of $49.02 per share. The company’s 52-week high price is 48.96, which means current price is +232.46% above from all time high which was touched on 08/03/20.

Compared to the average trading volume of 1.95M shares, YETI reached a trading volume of 1302677 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about YETI Holdings Inc. [YETI]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for YETI shares is $43.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on YETI stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for YETI Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 07, 2020. While these analysts kept the previous recommendation, BTIG Research raised their target price to Buy. The new note on the price target was released on April 29, 2020, representing the official price target for YETI Holdings Inc. stock. Previously, the target price had yet another raise to $23, while Stifel analysts kept a Hold rating on YETI stock. On April 15, 2020, analysts decreased their price target for YETI shares from 37 to 27.

The Average True Range (ATR) for YETI Holdings Inc. is set at 1.83, with the Price to Sales ratio for YETI stock in the period of the last 12 months amounting to 4.65. The Price to Book ratio for the last quarter was 33.42, with the Price to Cash per share for the same quarter was set at 1.38. Price to Free Cash Flow for YETI in the course of the last twelve months was 45.58 with Quick ratio for the last quarter at 1.30.

How has YETI stock performed recently?

YETI Holdings Inc. [YETI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.99. With this latest performance, YETI shares gained by 19.11% in over the last four-week period, additionally plugging by 38.50% over the last 6 months – not to mention a rise of 67.33% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for YETI stock in for the last two-week period is set at 74.87, with the RSI for the last a single of trading hit 78.78, and the three-weeks RSI is set at 72.50 for YETI Holdings Inc. [YETI]. The present Moving Average for the last 50 days of trading for this stock 40.41, while it was recorded at 47.99 for the last single week of trading, and 32.10 for the last 200 days.

YETI Holdings Inc. [YETI]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and YETI Holdings Inc. [YETI] shares currently have an operating margin of +9.82 and a Gross Margin at +51.38. YETI Holdings Inc.’s Net Margin is presently recorded at +5.52.

Return on Total Capital for YETI is now 21.74, given the latest momentum, and Return on Invested Capital for the company is 13.28. Return on Equity for this stock inclined to 66.81, with Return on Assets sitting at 8.65. When it comes to the capital structure of this company, YETI Holdings Inc. [YETI] has a Total Debt to Total Equity ratio set at 284.31. Additionally, YETI Total Debt to Total Capital is recorded at 73.98, with Total Debt to Total Assets ending up at 55.10. Long-Term Debt to Equity for the company is recorded at 265.49, with the Long-Term Debt to Total Capital now at 69.08.

Reflecting on the efficiency of the workforce at the company, YETI Holdings Inc. [YETI] managed to generate an average of $63,841 per employee. Receivables Turnover for the company is 12.87 with a Total Asset Turnover recorded at a value of 1.57.YETI Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.70.

Earnings analysis for YETI Holdings Inc. [YETI]

With the latest financial reports released by the company, YETI Holdings Inc. posted 0.33/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 10.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for YETI. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for YETI Holdings Inc. go to 20.00%.

Insider trade positions for YETI Holdings Inc. [YETI]

There are presently around $3,101 million, or 93.70% of YETI stock, in the hands of institutional investors. The top three institutional holders of YETI stocks are: WELLINGTON MANAGEMENT GROUP LLP with ownership of 9,521,224, which is approximately 5.068% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 5,130,934 shares of the stock with an approximate value of $260.65 million in YETI stocks shares; and MACQUARIE GROUP LTD, currently with $190.0 million in YETI stock with ownership of nearly 18.667% of the company’s market capitalization.

Positions in YETI Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 143 institutional holders increased their position in YETI Holdings Inc. [NYSE:YETI] by around 15,479,921 shares. Additionally, 114 investors decreased positions by around 8,874,888 shares, while 16 investors held positions by with 36,696,305 shares. The mentioned changes placed institutional holdings at 61,051,114 shares, according to the latest SEC report filing. YETI stock had 66 new institutional investments in for a total of 3,759,703 shares, while 59 institutional investors sold positions of 3,742,517 shares during the same period.

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