|Bid||3.8800 x 1100|
|Ask||3.8900 x 1300|
|Day's Range||3.8500 - 3.9250|
|52 Week Range||3.3700 - 23.7700|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.00|
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.
The new technologies on the horizon will enable security dealers to offer verified alarm monitoring services across select Arlo security camera systems later this year. At ISC West, Arlo is also showcasing its full lineup of smart home security products from Arlo Ultra, its newest flagship security camera, to a cellular-enabled camera, security lights and smart doorbells, including a new video doorbell solution to further expand Arlo's offering into the security market with integrated high-resolution video and two-way audio built-in.
Sales of smart home devices are going to surge this year thanks to the hot categories of home monitoring and security and connected lighting, research firm International Data Corp. said.
NEW YORK, March 25, 2019 -- The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.
Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. Class Period: common stock purchased pursuant and/or traceable to Arlo’s August 3, 2018 initial public offering (the “IPO” or the “Offering”).
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Arlo Technologies, Inc. (“Arlo” or “the Company”) (NYSE: ARLO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
NEW YORK, March 25, 2019 -- The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a.
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until March 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Arlo Technologies, Inc.
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until March 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Arlo Technologies, Inc. (ARLO). Investor losses must relate to purchases of the Company’s shares issued in connection with its August 3, 2018 initial public offering (“IPO”).
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you ...
NEW YORK, NY / ACCESSWIRE / March 22, 2019 / Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed againstthe following publicly-traded companies. You can review ...
CEDARHURST, NY / ACCESSWIRE / March 21, 2019 / The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff and a preliminary estimate of their recoverable losses. If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court.
LOS ANGELES, CA / ACCESSWIRE / March 21, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Arlo Technologies, Inc. (''Arlo'' ...
NEW YORK, NY / ACCESSWIRE / March 21, 2019 / Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders ...
Pawar Law Group announces that a class action lawsuit has been filed on behalf of shareholders who purchased shares of Arlo Technologies, Inc. (ARLO) pursuant or traceable to Arlo’s false and/or misleading Registration Statement and Prospectus (collectively, the “Registration Statement”) issued in connection with Arlo’s August 3, 2018 Initial Public Offering (“IPO”). The lawsuit seeks to recover damages for Arlo investors under the federal securities laws. If you wish to serve as lead plaintiff, you must move the Court no later than March 25, 2019. To join the Arlo class action, go to http://pawarlawgroup.com/cases/arlo-technologies-inc/ or call Vik Pawar, Esq.
NEW YORK, March 20, 2019 -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following.
NEW YORK, March 20, 2019 -- The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a.
Now, these same screens are prone to "repeat offenders," companies that perennially pop up, so it is great to see new possibilities -- especially in this environment where value has seemingly dried up.
ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 25, 2019 to file lead plaintiff applications in a securities class action lawsuit against Arlo Technologies, Inc. (ARLO), if they purchased the Company’s shares issued in connection with its August 3, 2018 initial public offering (“IPO”). This action is pending in the United States District Court for the Northern District of California. Arlo investors should visit us at https://www.claimsfiler.com/cases/view-arlo-technologies-inc-securities-litigation or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options. On December 3, 2018, the Company disclosed that shipments of Arlo Ultra, its recently-announced flagship security camera system, were delayed due to “a quality issue with the battery from one of its suppliers” discovered during the final testing phase, and that as a result it lowered its Q4 2018 financial guidance.
NEW YORK, NY / ACCESSWIRE / March 19, 2019 / Pomerantz LLP announces that a class action lawsuit has been filed against Arlo Technologies, Inc. ("Arlo" or the "Company") (ARLO) and certain of its officers and directors. The class action, filed in United States District Court, Northern District of California, and indexed under 19-cv-00372, is on behalf of a class consisting of all behalf of persons and/or entities who purchased or otherwise acquired Arlo common stock pursuant or traceable to the Arlo's false and/or misleading Registration Statement and Prospectus (collectively, the "Registration Statement") issued in connection with the Arlo's August 3, 2018 initial public offering (the "IPO" or the "Offering"), who were damaged thereby, and who seek to pursue remedies under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").
NEW YORK, March 19, 2019 -- Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies..
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Arlo Technologies, Inc. ("Arlo" or the "Company")(ARLO) of the March 25, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested in Arlo stock or options pursuant and/or traceable to the Company's August 3, 2018 initial public offering ("IPO") and would like to discuss your legal rights, click here: www.faruqilaw.com/ARLO.
NEW YORK, NY / ACCESSWIRE / March 19, 2019 / The Law Offices of Vincent Wong announce that class actions have commenced on behalf of shareholders of the following companies. If you suffered a loss you ...
Scott+Scott Attorneys at Law LLP (“Scott+Scott”), a national securities and consumer rights litigation firm, reminds investors that a federal class action lawsuit has been filed against Arlo Technologies, Inc. (“Arlo” or the “Company”) (ARLO) and certain of its officers and directors (collectively, “Defendants”). If you purchased Arlo securities pursuant and/or traceable to the Company’s initial public offering (“IPO”) in August 2018, you are encouraged to contact a Scott+Scott attorney at (844) 818-6982 for more information. Arlo provides smart connected devices that can purportedly monitor environments in real-time using its cloud-based platform.