YETI Holdings Inc [NYSE: YETI] loss -13.84% or -6.67 points to close at $41.53 with a heavy trading volume of 6795585 shares. The company report on February 15, 2024 at 6:00 AM that YETI Reports Fourth Quarter and Fiscal Year 2023 Results.
Announces Two Category Expansion Acquisitions & a $300 Million Share Repurchase Program.
The daily chart for YETI points out that the company has recorded -11.11% loss over the past six months.
If we look at the average trading volume of 1.22M shares, YETI reached to a volume of 6795585 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $47.81 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 2.53. 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.
Canaccord Genuity have made an estimate for YETI Holdings Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 04, 2024.
The Average True Range (ATR) for YETI Holdings Inc is set at 2.16, with the Price to Sales ratio for YETI stock in the period of the last 12 months amounting to 2.27. The Price to Book ratio for the last quarter was 5.65, with the Price to Cash per share for the same quarter was set at 3.24. Price to Free Cash Flow for YETI in the course of the last twelve months was 15.50 with Quick ratio for the last quarter at 1.25.
Trading performance analysis for YETI stock
YETI Holdings Inc [YETI] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.64. With this latest performance, YETI shares dropped by -7.05% in over the last four-week period, additionally sinking by -11.11% over the last 6 months – not to mention a drop of -3.73% 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 38.86, with the RSI for the last a single of trading hit 35.87, and the three-weeks RSI is set at 41.12 for YETI Holdings Inc [YETI]. The present Moving Average for the last 50 days of trading for this stock 47.24, while it was recorded at 46.38 for the last single week of trading, and 43.39 for the last 200 days.
YETI Holdings Inc [YETI]: A deeper dive into fundamental analysis
YETI Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.25 and a Current Ratio set at 2.19.
YETI Holdings Inc [YETI]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, YETI Holdings Inc posted 0.78/share EPS, while the average EPS was predicted by analysts to be reported at 0.79/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.30%. 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 8.58%.
An analysis of Institutional ownership at YETI Holdings Inc [YETI]
The top three institutional holders of YETI stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in YETI stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in YETI stock with ownership which is approximately 5.8325%.
