YETI (NYSE:YETI) Issues FY 2021 Earnings Guidance

YETI (NYSE:YETI) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided EPS guidance of $2.510-$2.530 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.480. The company issued revenue guidance of $1.40 billion-$1.41 billion, compared to the consensus revenue estimate of $1.40 billion.

Shares of NYSE:YETI traded up $0.69 during midday trading on Thursday, reaching $96.73. 468,131 shares of the company’s stock traded hands, compared to its average volume of 1,206,867. YETI has a 1 year low of $60.75 and a 1 year high of $108.82. The company has a market cap of $8.48 billion, a P/E ratio of 42.24, a PEG ratio of 2.82 and a beta of 2.61. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.12 and a current ratio of 1.92. The company has a fifty day simple moving average of $96.00 and a two-hundred day simple moving average of $94.12.

YETI (NYSE:YETI) last announced its earnings results on Thursday, November 11th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.07. YETI had a return on equity of 57.19% and a net margin of 15.04%. During the same quarter last year, the business posted $0.59 EPS. As a group, research analysts forecast that YETI will post 2.35 EPS for the current fiscal year.

A number of research analysts have recently issued reports on YETI shares. Zacks Investment Research upgraded YETI from a hold rating to a buy rating and set a $96.00 target price on the stock in a research report on Friday, October 15th. UBS Group increased their target price on YETI from $92.00 to $99.00 and gave the company a neutral rating in a research report on Friday, November 12th. Cowen reduced their price objective on YETI from $118.00 to $114.00 and set an outperform rating for the company in a research note on Friday, November 12th. Piper Sandler reduced their price objective on YETI from $116.00 to $111.00 and set an overweight rating for the company in a research note on Wednesday, October 13th. Finally, Raymond James increased their price objective on YETI from $90.00 to $111.00 and gave the company an outperform rating in a research note on Friday, August 6th. Four equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, YETI currently has a consensus rating of Buy and a consensus target price of $107.89.

In other news, SVP Kirk A. Zambetti sold 10,475 shares of YETI stock in a transaction dated Wednesday, November 3rd. The stock was sold at an average price of $105.00, for a total value of $1,099,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Matthew J. Reintjes sold 25,000 shares of the firm’s stock in a transaction dated Monday, October 11th. The stock was sold at an average price of $84.80, for a total value of $2,120,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 97,122 shares of company stock valued at $9,348,664 over the last 90 days. 3.10% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in YETI stock. Morgan Stanley lifted its holdings in shares of YETI Holdings, Inc. (NYSE:YETI) by 17.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 888,163 shares of the company’s stock after acquiring an additional 132,276 shares during the period. Morgan Stanley owned 1.02% of YETI worth $81,551,000 at the end of the most recent reporting period. Institutional investors own 94.52% of the company’s stock.

YETI Company Profile

YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

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Earnings History and Estimates for YETI (NYSE:YETI)

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