|Bid||25.50 x 900|
|Ask||27.89 x 800|
|Day's Range||24.60 - 25.89|
|52 Week Range||12.40 - 36.60|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||33.77|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.64|
Welcome to the latest episode of the Full-Court Finance podcast from Zacks Investment Research where Associate Stock Strategist Ben Rains breaks down Beyond Meat, Inc. (BYND) and its recent IPO that has seen it destroy Uber (UBER) and Lyft (LYFT).
In addition, the underwriters have been granted a 30-day option to purchase up to 1,425,000 additional shares of common stock from the selling stockholders at the public offering price, less underwriting discounts and commissions. YETI will not receive any proceeds from the sale of shares in the Offering. BofA Merrill Lynch, Jefferies, and Morgan Stanley are acting as lead book-running managers and as representatives of the underwriters for the Offering.
U.S. President Donald Trump said China will pay billions of dollars in tariffs. Here is American businesses' plan to deal with the new tariffs go into effect.
In connection with the Offering, the selling stockholders intend to grant to the underwriters a 30-day option to purchase up to an additional 1,425,000 shares of YETI’s common stock. YETI is not offering any shares of its common stock in the Offering and will not receive any proceeds from the sale of shares in the Offering.
Yeti Holdings Inc (NYSE: YETI ) continues to be one of the hottest stocks of 2019, with shares nearly doubling year-to-date. The Austin, Texas-based company's momentum is continuing after reporting a big ...
Yeti earnings came in 8 cents a share, beating Q1 views for the maker of upscale coolers, drinkware and outdoor gear. Shares of the 2018 IPO plunged.
Shares of Yeti Holdings Inc. surged 3.9% in premarket trade Thursday, after the drinkware maker reported first-quarter earnings and sales that beat expectations, and boosted its full-year profit outlook. The company swung to net income of $2.2 million, or 3 cents a share, from a loss of $3.3 million, or 4 cents a share, in the year-ago period. Excluding non-recurring items, adjusted EPS was 8 cents, compared with breakeven on a per-share basis a year ago, and above the FactSet consensus of 2 cents. Sales increased 15% to $155.4 million, beating the FactSet consensus of $143.2 million, as 20% growth in drinkware sales to $91.0 million topped expectations of $81.2 million but the 11% rise in coolers and equipment sales to $59.7 million came up shy of expectations of $60.3 million. Direct-to-consumer (DTC) sales rose 28% to $61.7 million, above the FactSet consensus of $56.4 million. For 2019, Yeti raised its adjusted EPS guidance range to $1.02 to $1.06 from 99 cents to $1.04 and affirmed its sales growth outlook of 11.5% to 13.0%. The stock has more than doubled year to date (up 129%) through Wednesday, while the S&P 500 has gained 17%.
Two big consumer names will be reporting financial results on Thursday. Dunkin Brands and Under Armour both report before the bell.
Charter Communications (CHTR) first-quarter 2019 results benefit from growth in Internet, video, mobile and commercial revenues.
Here are a few things to be aware of ahead of Yeti reporting first-quarter financial results early on May 2, ahead of U.S. stock markets opening.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! YETI Holdings, Inc.'s (NYSE:YETI) latest earnings announcement in December 2018 showed...
In a market environment that's outright crushed early investors of newcomers Lyft (NASDAQ:LYFT) and Eventbrite (NYSE:EB), it would be easy to look past Yeti Holdings (NYSE:YETI), and steer clear of YETI stock. IPOs just aren't rewarding right now.Source: Yeti Those names aren't necessarily a barometer of how all recent public offerings are going to unfurl, however. A closer, honest look at Yeti makes clear this new name isn't caught in the same trappings the likes of Eventbrite, Lyft and even Snap (NYSE:SNAP) were.Yeti is selling more than an idea that's either late to the party or enjoys no barrier to entry. Yeti sells premium coolers and cups, and is turning a profit by doing so. Just don't plan on getting married to Yeti stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 A-Rated Stocks That Are Under $10 Yeti Is DifferentYou may know the company better than you think you know it. Yeti is the brand name behind insulated cups that can keep drinks hot or cold for a stunningly long period of time. The company aired television commercials several years ago, and reaped the benefit of being the first major high-end cooler and cup name to strike a chord with consumers.The initial advertising and sales surge has since cooled, but not before making Yeti the most recognizable brand name in the camping and travel market.Ready for a fresh round of funding to fuel its next wave of growth, the company went public with little fanfare in October of last year.Given the spate of disappointing initial public offerings we've seen of late, it would be an easy name to ignore. Bolstering the case to skip a trade in YETI is the fact that it's now doubled its October IPO price of $18, and could be setting up the typical post-IPO wave of selling.We may not see that selloff take shape with this particular new issue though, for a couple of simple reasons. Yeti Is ProfitableChief among them is the fact that Yeti is profitable. Not wildly so, but profitable all the same, and expected to become more profitable in the foreseeable future. Last year's bottom line of 91 cents per share is expected to improve to $1.02 this year and swell to $1.24 per share of YETI stock next year, driven by sales growth forecasted to roll in just above 12% both of those years.While few care to acknowledge it, the aforementioned Lyft, Eventbrite and Snap along with other ballyhooed-but-poorly-performing new public offerings like Blue Apron Holdings (NYSE:APRN) and Spotify Technology (NYSE:SPOT) are all struggling most likely because all those outfits are still booking losses.Profitability too often is overlooked in writing about stocks, but many investors still ultimately care about the plausible promise of profits, looking past the story stock rhetoric.The other reason Yeti has done what many other IPO'd stocks haven't been able to accomplish of late is simpler. Though Yeti faces competition, little of that competition is in a position to enter the market and then dethrone the category leader. Yeti is estimated to control 90% of its market.That's in contrast with other newly-minted outfits. There's little to no barrier to entry for Blue Apron's meal kit arena. Facebook (NASDAQ:FB) was already synonymous with social networking before Snap's Snapchat came to fruition. Uber is already the ride-sharing market leader.Yeti didn't have to rely on selling a dream to raise funds. Yeti Stock Isn't a Forever HoldingWhile as real as any company can be, Yeti Holdings isn't exactly a buy-and-forget it kind of name. Though it can sidestep its usual post-IPO drubbing, its party won't last forever.Working against the company's dominance is time, and enterprising players that have yet to mirror Yeti's product lineup with similar products that are just as effectively marketed.They'll take shape though, sooner or later, cooling off Yeti's growth soon enough.GoPro (NASDAQ:GPRO) is a prime example of what's realistically in store for Yeti. It's still the premier name in the action camera business since the company's wares debuted in 2004, and few would-be rivals took notice of the budding sliver of the camera market until 2014, shortly after the company went public.Once they did take notice though, they responded predictably. By 2015, there were more than enough good enough alternatives available to make life miserable for GoPro and its shareholders.GoPro remains the category leader, but it's ugly leadership. There was no real barrier to entry, but there was plenty of inspiration to enter the market once GoPro proved there was a viable market for action cameras.Like action cameras, eventually, premium coolers and super-cups will become a commodity with a tenuous leader. The Bottom Line on Yeti StockNone of this should suggest YETI stock is immune to any sort of tumble either. Merited or not, any stock that's doubled in value in six months is vulnerable to at least some level of profit-taking.Be careful of treating Yeti like another Lyft or Blue Apron though. This isn't a story stock that relies entirely on maintaining euphoric optimism among investors. This is a company that can stand on its results. Even if nobody's saying it, they're pricing in that reality. They'll price in the inevitable slowdown when that time comes too. But, the time in between could be solidly rewarding.Its May 2 earnings report should help round out the story to-date.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 7 A-Rated Stocks That Are Under $10 * 7 U.S. Shale Oil Stocks to Buy as Prices Rise * 10 Stocks to Sell Before They Give Back 2019 Gains * 10 Oversold Stocks to Run From Compare Brokers The post Yeti Stock Is a Great Trade, but Not a Fantastic Investment appeared first on InvestorPlace.
On CNBC's "Options Action" , Mike Khouw spoke about an options strategy in Yeti Holdings Inc (NYSE: YETI ). The company is going to report earnings on May 2 and the options market is implying ...
By now, it's fairly common knowledge among financial market observers that the 2019 IPO stocks will be big, headlined by a slew of tech unicorns that are finally ready to hit the public markets. Names in this group include Uber, which will likely debut at a $100 billion-plus valuation, and Airbnb, which will likely command a $30 billion-plus valuation. There's also Palantir with a rumored $30 billion-plus valuation, Slack with a $10 billion-plus valuation, and WeWork with a potential $40 billion-plus valuation.But, the first big player in this group to IPO in 2019 was Lyft (NYSE:LYFT), and the results were far from spectacular. Lyft popped on its first day of trading, but it has been nothing but down and out since then. As of this writing, LYFT stock actually trades more than 15% below its IPO price.The ostensible failure of the Lyft IPO has some fearful about upcoming IPOs. But, the failure of the Lyft IPO is getting too much press, and investors shouldn't read much into it. While the Lyft IPO did ostensibly fail, there have been a ton of other IPO stocks in late 2018 and early 2019 which have been huge successes, and which imply that future IPOs in 2019 will do just fine.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Cloud Stocks to Buy Now Which IPO stocks fall into this category of big winners so far on Wall Street? Let's take a deeper look at 6 red hot IPO stocks that all investors should be watching. Zoom (ZM)Gain From IPO Price: 100%At the top of this list is a freshly public tech company which Wall Street has fallen in love with in just a few days.Zoom (NYSE:ZM) is a video conferencing company which priced its IPO at $36 per share, opened up 80% above that IPO price, and has continued to soar ever since en route to a 100%-plus gain from that $36 IPO price. Why the huge demand for Zoom stock? The hyper-growth tech company checks off every box growth investors are looking for. It's growing revenues at 100%-plus rate, with a small revenue base in a secular growth and very large video conferencing market. Gross margins are sky high around 80%, while opex rates are surprisingly low for a small company, and Zoom is actually profitable already.All in all, you have a hyper-growth video conferencing company that's already profitable. That has investors salivating.But, the valuation on ZM stock is pretty rich here and now, and the stock has come very far, very fast. As such, caution is warranted here, especially considering that the video conferencing market isn't light on competitors. Red Hot IPO Stocks: Pinterest (PINS)Source: Shutterstock Gain From IPO Price: 40%Second up is a social media company with a lot reach and a ton of potential to monetize that wide reach.Unlike digital ad IPO stocks before it, the Pinterest (NYSE:PINS) IPO has been a huge success thus far. After pricing the IPO at $19 per share, PINS stock has rallied in a big way ever since, and is now up 40% from that IPO price. The rationale behind the rally is simple. This is a company which has a ton of users (265 million monthly active users), and is monetizing those users at a low rate (ARPU of just over a $1 last quarter), so the runway for robust revenue growth through ARPU expansion is promising. Plus, margins are healthy, the international user base is growing rapidly and the valuation is reasonable. * 7 Reasons the Stock Market's Record Closing Isn't the End of the Rally All together, then, PINS stock has been a big winner because the fundamentals are healthy, the upside potential is good, and the valuation is cheap. So long as those three things remain true, PINS stock will stay in its IPO honeymoon phase. Red Hot IPO Stocks: YETI (YETI)Source: Yeti Gain From IPO Price: 100%Third we have an outdoors consumer product company that didn't have a huge IPO pop, but has been a steady winner in its short life as public company.Meet YETI (NYSE:YETI). YETI is an outdoors consumer products brand that specializes in coolers and drinkware. YETI went public at $18 per share in late 2018 without much fanfare. The stock actually traded down on its first day on Wall Street. But, YETI stock has doubled ever since as the company has reported back-to-back strong earnings reports which ultimately underscore that this company has healthy growth drivers, in a healthy market, with a healthy margin profile.In other words, YETI is a healthy company. Under $20, YETI stock wasn't priced for healthy. That's why the stock rallied. Above $30, the IPO stock is priced for healthy. But, not entirely. As such, so long as the numbers remain good (which they should for the foreseeable future), then YETI stock should remain on an uptrend until valuation becomes an issue. That won't happen until around $40. IPO Stocks: Jumia (JUMIA)Source: Shutterstock Gain From IPO Price: 140%Maybe the most interesting stock on this list is Jumia (NYSE:JMIA).Long story short, Jumia is Africa's e-commerce juggernaut, and that means this company is oozing with long-term growth potential. Africa is the last great frontier of the tech revolution. Internet penetration rates on every continent outside of Africa measure north of 50%, and ex Asia, they measure north of 60%. But, in Africa, the internet penetration rate is roughly 36%. That number won't stay low forever. Over the next several years, thanks to a combination of factors such as urbanization, expansion of the middle class, and heavy technology infrastructure investments, Africa's internet penetration rate is expected to surge higher, and that surge will spark enormous growth in Africa's internet sectors.One of those sectors is e-commerce. Less than 1% of all retail sales in Africa were conducted online in 2018. As internet penetration rates rise, online retail's penetration will likewise rise, and that will create a huge growth opportunity for players in the market. The largest player in the African e-commerce market today? Jumia, which has 4 million active consumers and a gross merchandise value near $1 billion. * 5 Hot Dividend Stocks to Buy as the Weather Heats Up If Jumia can maintain its market leadership position as the African e-commerce market dramatically expands over the next decade, then JMIA stock is a multi-bagger in the making. But, there's a lot of risks regarding execution and valuation, so this IPO stock isn't for the faint of heart. Best way to look at Jumia? A high-risk, high-reward play on the potentially enormous African e-commerce market. Tencent Music (TME)Gain From IPO Price: 35%One of the more interesting recent IPO stocks is the company which many people are calling the Spotify (NYSE:SPOT) of China.Tencent Music (NYSE:TME) is the premiere music streaming platform in China. China is a huge market with a rapidly expanding digital economy. As such, the upside potential for Tencent Music to grow with the rapidly expanding Chinese digital economy is enormous. But, there are a few problems here. Namely, there's a ton of competition, the company gets most of its revenue from virtual gifts, there's only 25 million paying subs, and the valuation is huge.Thus, TME stock is a high-risk, high-reward play on the music streaming market in China. If consumers in that market start paying up for music services, then TME stock will explode higher. If not, TME stock could be stuck in neutral for the foreseeable future. Levi Strauss (LEVI)Source: Shutterstock Gain From IPO Price: 35%Last (and maybe least) on this list is an older company which recently made its return to Wall Street.Blue jeans giant Levi Strauss (NYSE:LEVI) returned to the public markets in late March. The IPO was a smashing success. The stock opened up more than 30% above its $17 IPO price. LEVI stock has since largely held onto those gains -- but not added to them -- as first quarter numbers were a mixed bag that implied positive but slowing growth going forward. * 3 Earnings Reports to Watch Next Week Ultimately, it's tough to see the upside scenario in LEVI stock. The athleisure trend remains as hot as ever, and that trend continues to steal share from the jeans market. As such, Levi Strauss finds itself on the wrong side of the apparel tracks. To be sure, that doesn't mean growth will flat-line. But, it will put a lid on growth, and a lid on growth will hurt LEVI stock, which currently trades at above what I peg as a reasonable 2019 price target for the stock.As of this writing, Luke Lango was long LYFT, PINS, YETI, and SPOT, and may initiate a long position in JMIA within the next 72 hours. Compare Brokers The post 6 Red Hot Recent IPO Stocks You Should Be Following appeared first on InvestorPlace.
Pool Corp's (POOL) top-line growth in first-quarter 2019 can be attributed to solid performance of the company's base business.
Increasing demand for leisure goods and services, and an increase in personal income are likely to contribute to Q1 earnings of leisure companies.