Last Updated: 16 Sep 2024
Executive Summary
YETI Holdings Inc. (YETI) is a leading designer, marketer, and distributor of outdoor and recreation products. The company has a strong brand presence and a loyal customer base. YETI's financial performance has been solid in recent years, with revenue and earnings growing steadily. The company is well-positioned to continue growing in the future, as the demand for outdoor and recreation products continues to increase.
Company Overview
YETI was founded in 2006 and is headquartered in Austin, Texas. The company's products are sold through a variety of channels, including its own website, retail stores, and wholesale distributors. YETI's products are known for their durability, performance, and style. The company's target market is outdoor enthusiasts who are looking for high-quality products that will help them enjoy their time outdoors.
Fundamental Analysis
YETI's financial performance has been solid in recent years. Revenue has grown from $567 million in 2016 to $1.76 billion in 2023. Earnings per share have also grown steadily, from $0.87 in 2016 to $2.15 in 2023. The company's gross margin has remained relatively stable in recent years, at around 43%. YETI's operating margin has also improved in recent years, from 10.3% in 2016 to 14.5% in 2023.
YETI's financial ratios are also healthy. The company's return on assets (ROA) is 13.7%, and its return on equity (ROE) is 29%. YETI's debt-to-equity ratio is 0.4, which is a manageable level.
Technical Analysis
YETI's stock price has been trading in a range between $33.88 and $54.16 over the past 52 weeks. The stock is currently trading at $39.06, which is near the bottom of its trading range. The stock's 50-day moving average is $39.25, and its 200-day moving average is $41.12. The stock's relative strength index (RSI) is 45.7, which is in neutral territory.
Short Term Outlook
YETI's stock price is likely to remain range-bound in the near term. The stock's technical indicators are neutral, and there are no major catalysts on the horizon. However, the stock could move higher if the company reports strong earnings in the coming quarters.
Long Term Outlook
YETI's long-term outlook is positive. The company is well-positioned to benefit from the growing demand for outdoor and recreation products. YETI's strong brand presence and loyal customer base will help the company to continue to grow in the future.
Analyst Recommendations
The majority of analysts have a buy rating on YETI's stock. The average analyst target price is $47.25, which is 21% above the current stock price.
