Are Analysts Too Bullish On YETI Holdings Inc (YETI)

YETI Holdings Inc (NYSE:YETI) currently has a daily average trading volume of 1.95M but it saw 1981272 shares traded in last market. With a market cap of 2.23B USD, the company’s current market price of $26.94 came falling about -4.60 while comparing to the previous closing price of $28.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.25 and as low as $26.66. In the recent trading on the day, stock has struck highest price mark of $26.62 while lowest mark touched by it was $28.42.

Taking a look at 20-day trading activity of YETI Holdings Inc (YETI) gives us an average price of $31.44, while its current price level is -40.46% below from 52-week high level whereas it is 1.05% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $34.06 while that of 200 days or SMA-200 reads an average of $37.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.84% during that period while stretching the period over a month that increases to 5.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.79 which implies that the stock is in neutral territory.

BofA Securities upgraded its recommendation for the stock as a “Buy” from “Neutral” on August 08, 2024 while assigning a price target range of $46-$55. Canaccord Genuity also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $49 and $50.

Over the week, YETI’s stock price is moving -12.82% down while it is -21.18% when we observe its performance for the past one month. Year-to-date it is -30.04% down and over the past year, the stock is showing a downside performance of -28.20%.

Currently, YETI Holdings Inc’s total number of outstanding shares is 82.94M. Company’s return on investment (ROI) stands at 19.82% and return on equity (ROE) at 24.01%. It has a price to earnings ratio (P/E ratio) of 13.10 while having a 8.60 of forward P/E ratio. Stock’s beta reads 1.92. Stock has a price to book (P/B) ratio of 3.02 while price to sale or P/S ratio amounts to 1.22. Its return on asset (ROA) is 13.04% on average.