YETI Holdings, Inc. (NYSE:YETI) is now being followed by William Blair, as they initiated the stock at Outperform on November 19. Analysts at Stifel, started covering the stock on November 19 with a Buy rating. Analysts at Robert W. Baird, made their first call about the stock on November 19, recommending it is Outperform. Raymond James, released new analyst coverage on November 19, calling the stock is Outperform.
YETI Holdings, Inc. (YETI) hit an intraday high Wednesday at $17.36. The shares finished at $16.82, after trading as low as $16.4 earlier in the session. It rose 0.3% in recent trade and currently has a stock-market value of $1.43B. Trading activity significantly improved as the volume at ready counter increased to 1,427,218 shares versus 1,095,635 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,095,635 shares. The stock is now 35.65% above against its bear-market low of $12.4.
YETI’s 50 day simple moving average (SMA 50) price is $16.15. The company’s stock currently has a total float of 74.96M shares. Its weekly volatility is hovering around 5.33% and felt 6.12% volatility in price over a month. On the upside, the share price will test short term resistance at around $17.32. On a downside, the stock is likely to find some support, which begins at $16.36. The failure to get near-term support could push it to $15.9.
Separately, it has been reported that multiple insider activity took place at YETI Holdings, Inc. (YETI). 10% Owner Cortec Group Fund V, L.P. sold 723,495 shares for $2,535,749 in transaction occurred on 2018/11/28. After making this transaction, the 10% Owner owns a direct stake of 13,022,910 shares, worth $42,651,298, as per the last closing price. On 2018/11/28 Seiders Roy J, Director, 10% Owner at YETI, dumped 25,749 shares at an average price of $18 per share. The selling total is valued at $139,000,000.
10% Owner, Seiders Ryan R had divested 74,351 shares for $7,742,714 through a trade on 2018/11/28. Following this activity, the insider holds 1,338,318 shares worth $130,000,000 as of recent close. Wall Street’s most bullish YETI Holdings, Inc. (NYSE:YETI) analysts are predicting the share price to blow past $35 per share during the next 12 months. The current median share price forecast by them is $22, suggesting that the stock could increase 30.8% in that time frame. The average price target of $23.6 calls for a nearly 40.31% increase in the stock price.
When looking at valuations, YETI Holdings, Inc. (YETI) has a pricey P/E of 38.31x as compared to industry average of 16.71x. Moreover, it trades for 17.61 times the next 12 months of expected earnings. Compared to others, YETI Holdings, Inc. is in a different league with regards to profitability, having net margins of 4.9%. To put some perspective around this, the industry’s average net margin is 6.89%. YETI’s ROE is -58.7%, which is also considerably worse than the industry’s ROE of 6.89%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.