Top investors say YETI Holdings Inc. (YETI) ticks everything they need

YETI Holdings Inc. (NYSE: YETI) stock fell -2.70% on Tuesday to $42.82 against a previous-day closing price of $44.01. With 0.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.27 million shares. During the session, the Leisure company that operates in wider Consumer Cyclical sector, reached to the highest price of $43.94 whereas the lowest price it dropped to was $37.99. The 52-week range on YETI shows that it touched its highest point at $70.57 and its lowest point at $27.86 during that stretch. It currently has a 1-year price target of $53.27. Beta for the stock currently stands at 2.50.

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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 -5.29%, but this was up by 2.81% over a month. Three-month performance surged to 43.26% while six-month performance fell -11.29%. The stock lost -35.64% in the past year, while it has gained 3.66% so far this year. A look at the trailing 12-month EPS for YETI yields 2.17 with Next year EPS estimates of 2.82. For the next quarter, that number is 0.79. This implies an EPS growth rate of 35.20% for this year and 18.87% for next year. EPS is expected to grow by 5.83% 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, 86.21 million YETI shares are outstanding with a float of 85.96 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.96 million, which was 6.92% higher than short shares on Sep 14, 2022. In addition to Mr. Matthew J. Reintjes as the firm’s Pres, CEO & Director, Mr. Paul C. Carbone serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 103.60% of YETI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 63.38% of YETI, in contrast to 56.77% held by mutual funds. Shares owned by individuals account for 33.33%. As the largest shareholder in YETI with 9.09% of the stake, Capital Research & Management Co holds 7,842,083 shares worth 7,842,083. A second-largest stockholder of YETI, The Vanguard Group, Inc., holds 7,434,193 shares, controlling over 8.62% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in YETI, holding 6,664,008 shares or 7.73% stake. With a 7.99% stake in YETI, the American Funds Small Cap World Fu is the largest stakeholder. A total of 6,894,065 shares are owned by the mutual fund manager. The American Funds AMCAP Fund, which owns about 5.30% of YETI stock, is the second-largest Mutual Fund holder. It holds 4,570,499 shares valued at 188.81 million. iShares Core S&P Mid Cap ETF holds 3.09% of the stake in YETI, owning 2,660,922 shares worth 109.92 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for YETI since 16 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 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 $75.00 and a low target of $40.00, the average target price over the next 12 months is $53.27. Based on these targets, YETI could surge 75.15% to reach the target high and fall by -6.59% to reach the target low. Reaching the average price target will result in a growth of 24.4% 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 02/15/2024. Analysts have provided yearly estimates in a range of $2.39 being high and $2.33 being low. For YETI, this leads to a yearly average estimate of $2.37. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. YETI Holdings Inc. surprised analysts by $0.05 when it reported $0.63 EPS against a consensus estimate of $0.58. The surprise factor in the prior quarter was -$0.05. Based on analyst estimates, the high estimate for the next quarter is $0.83 and the low estimate is $0.75. The average estimate for the next quarter is thus $0.79.

Summary of Insider Activity:

Insiders traded YETI stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 23,790 shares were bought while 0 shares were sold. The number of buy transactions has increased to 14 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 152,658 while 27,333 shares were sold.

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