YETI - YETI Holdings, Inc.

NYSE - NYSE Delayed Price. Currency in USD
30.91
-1.62 (-4.98%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close32.53
Open31.81
Bid0.00 x 1800
Ask30.89 x 1800
Day's Range30.38 - 31.95
52 Week Range12.40 - 34.43
Volume1,822,524
Avg. Volume1,536,367
Market Cap2.603B
Beta (3Y Monthly)N/A
PE Ratio (TTM)44.80
EPS (TTM)0.69
Earnings DateMay 2, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est31.09
Trade prices are not sourced from all markets
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  • Why Yeti Holdings Stock Has Doubled in 2019
    InvestorPlace6 days ago

    Why Yeti Holdings Stock Has Doubled in 2019

    Yeti Holdings (NYSE:YETI) has been one of the best stocks of 2019. Already this year, Yeti Holdings stock has risen 113%. Among over 1,800 stocks with a current market capitalization over $2 billion, the performance of YETI stock ranks fourth.Only three biotechs have done better. The performance of Snap Inc (NYSE:SNAP) this year trails that of YETI stock by a tiny amount.Source: Goal Zero There are two primary reasons for the big gains of Yeti Holdings stock. The first is that, in retrospect, YETI stock simply was too cheap at the end of 2018. The company went public in October - after pulling a planned IPO earlier last year - which proved to be tough timing for a growth stock. Market-wide worries led YETI down as low as $12.40 in December.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Wonderful REITs to Buy Today Secondly, Yeti has continued to grow nicely. Its fourth-quarter earnings, reported in February, beat expectations, leading Yeti Holdings stock higher. The company's 2019 adjusted earnings per share guidance of $0.99-$1.04 suggests that investors could have owned YETI in December for roughly 12 times its expected 2019 EPS. That multiple is far too conservative for a growth stock.With YETI stock now up over 150% from those lows, however, the question is whether investors are pricing in too much growth. Sales of the company's coolers are slowing, while its margins might be nearing a ceiling. Luke Lango made a strong case for YETI stock this week, assigning a price target in the high 30s. Given the risks facing the company, however, at $31.50, YETI might need to take a breather. Why YETI Stock Has DoubledThe main worry about YETI, going back to 2016, when it first filed for an IPO, is that the consumer-products business is a tough one. The growth of high-priced niche products stall out rather quickly. Investors no doubt had in mind the travails of fallen angels like GoPro (NASDAQ:GPRO) and Fitbit (NYSE:FIT). IP camera maker Arlo Technologies (NYSE:ARLO), which also launched an IPO in 2018, has plunged as well.But Yeti has eased those worries with its recent performance. In Q3, its revenue rose 7% year-over-year, while its adjusted net income climbed 81%. Its revenue growth accelerated sharply in Q4, as its sales rose an impressive 19% YoY. Its strong gross margin performance - including a massive 6.9 percentage point expansion YoY in Q4 - shows that the company isn't cutting prices to drive its sales. The increase in the company's gross margins indicates that its profit can rise going forward.Indeed, the company's 2019 guidance looks solid. YETI predicts that its sales will rise another 11.5%-13% in 2019. Sales of its coolers are slowing, but drinkware products now generate the majority of its sales. And Yeti's DTC (direct-to-consumer) channel is rapidly expanding; its DTC sales increased 48% last year, while its wholesale revenue rose just 10%. Since no middlemen are involved in DTC, sales made via that channel improve the company's margins.As a result, YETI's adjusted EPS is expected to rise 18%-24% in 2019, excluding the impact of an unusually low tax rate in 2018. Double-digit-percentage revenue growth and margin expansion suggest the company's growth outlook is intact. Combined, those trends show why the valuation of YETI stock in December was such an opportunity. Is YETI Stock Too Expensive?Of course, the valuation of Yeti Holdings stock now is very different. And there's a possibility YETI may have run too far. Analysts seem to believe so: the average Street price target on YETI stock now is $30.70, below the current price of $31.56. The Street may need some time to catch up, and another strong earnings report could cause analysts to raise their targets on Yeti Holdings stock. But for now, analysts think the end of the run is nearing.And there are fundamental reasons to be cautious about the shares. Yeti's own long-term targets suggest that its adjusted EBITDA margins will be 19%-22%. The midpoint of its 2019 guidance projects those margins will reach 19.6% this year. On the bottom line, growth is likely to slow.On the top line, meanwhile, there are still worries about market saturation. Any cyclical weakness could hit demand for Yeti's higher-priced products ; that was a key reason for the decline of YETI stock back in December.The rally of Yeti Holdings stock to this point has been well-deserved. The company has performed well, and investors who spotted the opportunity late last year have been amply rewarded. From here, however, advancing might be tougher for YETI. The company will grow further, but investors clearly have caught on to the story.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Why Yeti Holdings Stock Has Doubled in 2019 appeared first on InvestorPlace.

  • Yeti (YETI) Stock Sinks As Market Gains: What You Should Know
    Zacks6 days ago

    Yeti (YETI) Stock Sinks As Market Gains: What You Should Know

    Yeti (YETI) closed the most recent trading day at $31.56, moving -1.5% from the previous trading session.

  • The Big Rally In YETI Stock Is For Real
    InvestorPlace8 days ago

    The Big Rally In YETI Stock Is For Real

    Sometimes, when a company goes public, there's a lot of hype surrounding that company, so the stock explodes higher following the initial public offering, or IPO. Then, that hype cools down, reality settles in, and the stock falls. * 10 Dividend Stocks to Dump and One to Embrace Source: Landscape Photo This pop-and-drop IPO dynamic happens time and time again. See GoPro (NASDAQ:GPRO), Fitbit (NYSE:FIT), or Shake Shack (NYSE:SHAK). Although that pattern does tend to repeat itself often, it isn't what's happening with shares of YETI (NYSE:YETI). The outdoors consumer products brand went public at $18 per share in late 2018. The IPO wasn't a huge success. Shares actually traded down on their first day on Wall Street. But YETI stock has been nothing but a huge success ever since, as back-to-back strong earnings reports have powered shares to above $30 today.This rally, unlike post-IPO rallies for peer outdoors consumer products brands GoPro and Fitbit, is for real. Yeti is a stable and healthy brand in a stable and healthy outdoors recreation market, with stable and healthy margins -- and stable and healthy go-forward growth catalysts. In other words, the whole growth narrative here is stable and healthy.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAt $30, stable and healthy is partially priced into YETI stock -- but not fully. Indeed, given the company's long-term growth potential, YETI stock isn't fully valued until the mid-to-upper $30's.Given this, I think the post-IPO rally in YETI stock has legs. This stock should close the year closer to $40 than $30. Stable & Healthy Is YETI's Calling CardIn short, YETI stock is supported by healthy and stable go-forward growth fundamentals, which support further gains in the stock.Let's look at the numbers. Depending on who you ask, the outdoors recreation market in the U.S. (including apparel, gear, and activities) measures somewhere north of $300 billion, and likely closer to $600 billion-plus. That market is growing anywhere between 5% and 10% per year, supported by a rise in the experience economy, active lifestyles and travel. Within that broad outdoors market, products account for roughly $120 billion in annual revenue. Revenues there are presumably rising at a healthy, high-single-digit growth rate, too.Within that industry, YETI is a small (less than $1 billion in revenues projected for 2019), but important (people need coolers and drink ware) and stable player (YETI is top dog in the cooler niche). From this perspective alone, assuming secular trends continue to power healthy revenue growth across the whole outdoors category for the foreseeable future, YETI projects as a healthy grower for the next several years, too.Further, YETI is launching new products to extend beyond its niche, pushing hard on the international front, and rapidly expanding its DTC business. All those initiatives imply potential market share expansion and addressable market growth.In other words, not only does YETI project as a healthy and stable grower for the next several years, but several go-forward catalysts imply that 10%-plus revenue growth is achievable for this company. If the company can grow at that rate, and margins improve with scale, then the rally in YETI stock is far from over. The Valuation Remains AttractiveEarnings next year are projected at roughly $1 per share. YETI stock changes hands at around $30. Thus, this stock trades at around 30 times forward earnings. That's a big multiple. The average consumer discretionary retail stock trades at 25 times forward earnings.But, YETI isn't your average consumer discretionary stock. Thanks to strong market positioning, potential share expansion catalysts and healthy tailwinds across the whole outdoors industry, YETI has clear visibility to 10%-plus revenue growth over the next several years. Meanwhile, the company's margin profile is depressed relative to other premium players, and 10%-plus revenue growth should allow for adequate opex leverage to close this gap.As such, YETI projects as a 10%-plus revenue grower over the next few years with healthy margin drivers. That combination leads me to believe that this company can do about $2.50 in earnings per share by 2025. Based on a sector-average 25 forward multiple, that implies a reasonable 2025 price target for YETI stock of over $60. Discounted back by 10% per year, that equates to a 2019 price target in the upper $30's. Bottom Line on YETI Stock * 10 Stocks That Are Screaming Buys Right Now Unlike other post-IPO rallies, this post-IPO rally in YETI stock has legs, mostly because the valuation remains reasonable and the fundamentals remain favorable. So long as both of those things remain true, the post-IPO rally in YETI stock will continue.As of this writing, Luke Lango was long YETI. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post The Big Rally In YETI Stock Is For Real appeared first on InvestorPlace.

  • Why Yeti Holdings, GoDaddy, and Pluralsight Jumped Today
    Motley Fool11 days ago

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  • Benzinga11 days ago

    Cowen Says Yeti's Guidance Is Conservative, Predicts A Path Higher

    Yeti Holdings Inc (NYSE: YETI ) has been one of the hottest stocks of 2019 and could continue its run. The Analyst Cowen analyst John Kernan initiated coverage on Yeti with an Outperform rating and a $35 ...

  • TheStreet.com12 days ago

    Yeti Shares Jump on Cowen's Initiation at Outperform, Price Target at $35

    gained more than 3% Thursday after investment firm Cowen initiated coverage on the company with an outperform rating and a 12-month price target of $35. Yeti stock was up 95 cents at $31.15 on the New York Stock Exchange. In a research note to clients, Cowen said it was initiating coverage of the recently public cooler and beverage holder maker with an outperform rating, noting sales and earnings estimates appear conservative as the company's shift to direct-to-consumer sales accelerates.

  • Business Wire12 days ago

    YETI Holdings, Inc. Announces Reporting Date for First Quarter Fiscal 2019 Financial Results

    YETI Holdings, Inc. (YETI) today announced that it plans to report its first quarter fiscal year 2019 financial results on Thursday, May 2, 2019, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:00 a.m. ET. Investors and analysts who wish to participate in the call are invited to dial 877-451-6152 (international callers please dial 201-389-0879) approximately 10 minutes prior to the start of the call.

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  • Yeti (YETI) Gains As Market Dips: What You Should Know
    Zacks13 days ago

    Yeti (YETI) Gains As Market Dips: What You Should Know

    In the latest trading session, Yeti (YETI) closed at $29.89, marking a +1.32% move from the previous day.

  • Why YETI Holdings Stock Jumped 26.1% in March
    Motley Fool14 days ago

    Why YETI Holdings Stock Jumped 26.1% in March

    The cooler maker's stock has nearly doubled in 2019 as strong financial performance has put the squeeze on short-sellers.

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  • Has YETI Holdings (YETI) Outpaced Other Consumer Discretionary Stocks This Year?
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  • Benzinga23 days ago

    Morgan Stanley Downgrades Yeti, Says Good News Is Priced In For Now

    Greenberger remains constructive on Yeti’s long-term outlook but now sees a more balanced rick-reward scenario. “The stock has significantly outperformed YTD, driven by significant multiple expansion and slightly better than expected financial performance and now sits 77% above where it IPO'd last October,” Greenberger wrote in a note. At $32, the stock appears to be pricing in five-plus years of mid-teens revenue growth, and while the analyst sees this as a feasible outcome, the market is already pricing in a majority of Yeti’s potential EBIT margin upside.

  • TheStreet.com25 days ago

    Yeti Stock Tumbles After Downgrade From Morgan Stanley

    slumped on Friday after shares of the recently public drinks-holder and cooler-maker received a downgrade from analysts at Morgan Stanley. Shares in the Austin-based company slid more than 7% Friday after Morgan Stanley analyst Kim Greenberger in a note to clients said she was lowering her rating on the company's stock to equal weight from overweight. Yeti shares were down 7.1% to $29.63.

  • YETI Holdings (YETI) Looks Good: Stock Adds 6% in Session
    Zacks26 days ago

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  • IBD Stock Of The Day Hits New High But Is It Flashing A Warning?
    Investor's Business Daily26 days ago

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  • Need To Know: YETI Holdings, Inc. (NYSE:YETI) Insiders Have Been Selling Shares
    Simply Wall St.26 days ago

    Need To Know: YETI Holdings, Inc. (NYSE:YETI) Insiders Have Been Selling Shares

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  • Why Do So Many Investors Love to Hate Yeti?
    Motley Foollast month

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  • Benzingalast month

    Jefferies: Yeti Is In The Early Stages Of Global Growth

    One analyst is overwhelmingly bullish on YETI Holdings, Inc. (NYSE: YETI )'s future prospects. The Analyst Jefferies analyst Randal Konik reiterated a Buy rating and raised his price target from $35 to ...