Yeti (NYSE:YETI) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 1.34-1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37. The company issued revenue guidance of $1.033-1.051 billion, compared to the consensus revenue estimate of $1.01 billion.Yeti also updated its FY20 guidance to $1.34-1.39 EPS.

YETI stock traded down $1.35 during midday trading on Friday, hitting $32.84. 3,987,950 shares of the company’s stock were exchanged, compared to its average volume of 1,777,943. The stock’s fifty day moving average price is $34.36 and its 200-day moving average price is $31.48. The company has a debt-to-equity ratio of 2.88, a quick ratio of 0.61 and a current ratio of 1.65. The company has a market cap of $3.07 billion, a PE ratio of 39.10, a price-to-earnings-growth ratio of 1.62 and a beta of 2.91. Yeti has a one year low of $21.81 and a one year high of $38.61.

Yeti (NYSE:YETI) last posted its earnings results on Thursday, February 13th. The company reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.06. The firm had revenue of $297.60 million for the quarter, compared to analyst estimates of $279.55 million. Yeti had a return on equity of 152.95% and a net margin of 8.27%. The company’s revenue for the quarter was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.38 earnings per share. On average, analysts expect that Yeti will post 1.04 EPS for the current year.

YETI has been the topic of several recent analyst reports. Piper Sandler lifted their target price on Yeti from to in a report on Friday. Cowen reiterated a buy rating and set a $42.00 target price on shares of Yeti in a report on Tuesday, February 4th. Roth Capital initiated coverage on Yeti in a report on Tuesday, December 17th. They set a buy rating and a $37.00 target price on the stock. Stifel Nicolaus reduced their target price on Yeti from $40.00 to $36.00 and set a buy rating on the stock in a report on Thursday, January 30th. Finally, Goldman Sachs Group upgraded Yeti from a neutral rating to a buy rating and lifted their target price for the stock from $35.00 to $37.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the company’s stock. Yeti has a consensus rating of Buy and a consensus price target of $36.77.

In related news, SVP Kirk A. Zambetti sold 32,000 shares of Yeti stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $31.91, for a total value of $1,021,120.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Robert O. Murdock sold 25,188 shares of Yeti stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $36.00, for a total value of $906,768.00. The disclosure for this sale can be found here. Company insiders own 10.70% of the company’s stock.

Yeti Company Profile

YETI Holdings, Inc designs, markets, retails, and distributes products for the outdoor and recreation market under the YETI brand in the United States, Canada, Australia, and Japan. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, including colsters, lowballs, stackable pints, mugs, tumblers, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, and jug mounts under the Rambler brand.

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