YETI Holdings Inc. (NYSE: YETI) stock fell -18.76% on Friday to $44.16 against a previous-day closing price of $54.36. With 6.34 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.46 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $46.79 whereas the lowest price it dropped to was $43.92. The 52-week range on YETI shows that it touched its highest point at $108.82 and its lowest point at $38.77 during that stretch. It currently has a 1-year price target of $68.50. Beta for the stock currently stands at 2.43.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of YETI was down-trending over the past week, with a drop of -9.58%, but this was down by -4.21% over a month. Three-month performance dropped to -18.16% while six-month performance fell -33.74%. The stock lost -55.72% in the past year, while it has lost -46.69% so far this year. A look at the trailing 12-month EPS for YETI yields 2.34 with Next year EPS estimates of 3.39. For the next quarter, that number is 0.68. This implies an EPS growth rate of 35.20% for this year and 18.30% for next year. EPS is expected to grow by 13.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 33.10%.
Float and Shares Shorts:
At present, 87.37 million YETI shares are outstanding with a float of 85.98 million shares on hand for trading. On Jul 14, 2022, short shares totaled 9.08 million, which was 10.54% higher than short shares on Jun 14, 2022. In addition to Mr. Matthew J. Reintjes as the firm’s Pres, CEO & Director, Mr. Paul C. Carbone serves as its Sr. VP & CFO.
Through their ownership of 105.56% of YETI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 65.34% of YETI, in contrast to 56.72% held by mutual funds. Shares owned by individuals account for 37.06%. As the largest shareholder in YETI with 8.72% of the stake, The Vanguard Group, Inc. holds 7,516,292 shares worth 7,516,292. A second-largest stockholder of YETI, Capital Research & Management Co, holds 7,266,836 shares, controlling over 8.43% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in YETI, holding 6,831,809 shares or 7.93% stake. With a 8.14% stake in YETI, the American Funds Small Cap World Fu is the largest stakeholder. A total of 7,014,897 shares are owned by the mutual fund manager. The American Funds AMCAP Fund, which owns about 4.04% of YETI stock, is the second-largest Mutual Fund holder. It holds 3,481,488 shares valued at 150.64 million. iShares Core S&P Mid Cap ETF holds 2.89% of the stake in YETI, owning 2,490,599 shares worth 107.77 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YETI since 17 analysts follow the stock currently. There are 11 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With YETI analysts setting a high price target of $90.00 and a low target of $48.00, the average target price over the next 12 months is $67.73. Based on these targets, YETI could surge 103.8% to reach the target high and rise by 8.7% to reach the target low. Reaching the average price target will result in a growth of 53.37% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. YETI will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $2.95 being high and $2.53 being low. For YETI, this leads to a yearly average estimate of $2.86. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. YETI Holdings Inc. surprised analysts by $0.01 when it reported $0.33 EPS against a consensus estimate of $0.32. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.70 and the low estimate is $0.66. The average estimate for the next quarter is thus $0.68.
Summary of Insider Activity:
Insiders traded YETI stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 14,358 shares were bought while 0 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 53 over the past year. The total number of shares bought during that period was 310,076 while 370,550 shares were sold.