YETI (NYSE:YETI) Releases FY 2021 Earnings Guidance

YETI (NYSE:YETI) issued an update on its FY 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.510-$2.530 for the period, compared to the Thomson Reuters consensus estimate of $2.480. The company issued revenue guidance of $1.40 billion-$1.41 billion, compared to the consensus revenue estimate of $1.40 billion.

YETI traded up $0.14 during trading on Friday, hitting $96.87. 425,369 shares of the stock traded hands, compared to its average volume of 1,203,461. The firm has a market capitalization of $8.49 billion, a P/E ratio of 42.30, a price-to-earnings-growth ratio of 2.82 and a beta of 2.61. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.92 and a quick ratio of 1.12. The firm has a 50-day moving average of $95.99 and a 200 day moving average of $94.19. YETI has a 12-month low of $60.75 and a 12-month high of $108.82.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, November 11th. The company reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.07. YETI had a net margin of 15.04% and a return on equity of 57.19%. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, equities analysts predict that YETI will post 2.35 EPS for the current fiscal year.

YETI has been the subject of several analyst reports. Credit Suisse Group increased their price target on shares of YETI from $105.00 to $115.00 and gave the company an outperform rating in a research report on Friday, August 6th. Piper Sandler dropped their price target on shares of YETI from $116.00 to $111.00 and set an overweight rating for the company in a research report on Wednesday, October 13th. BTIG Research raised their target price on shares of YETI from $116.00 to $125.00 and gave the stock a buy rating in a research report on Friday, November 12th. Raymond James raised their target price on shares of YETI from $90.00 to $111.00 and gave the stock an outperform rating in a research report on Friday, August 6th. Finally, William Blair reaffirmed an outperform rating on shares of YETI in a research report on Thursday, November 4th. Four analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Buy and a consensus target price of $107.89.

In other YETI news, SVP Hollie Sammons Castro sold 13,143 shares of the firm’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $95.00, for a total transaction of $1,248,585.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Matthew J. Reintjes sold 25,000 shares of YETI stock in a transaction that occurred on Monday, October 11th. The stock was sold at an average price of $84.80, for a total transaction of $2,120,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 97,122 shares of company stock valued at $9,348,664. 3.10% of the stock is owned by company insiders.

An institutional investor recently raised its position in YETI stock. Morgan Stanley increased its holdings in YETI Holdings, Inc. (NYSE:YETI) by 17.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 888,163 shares of the company’s stock after buying an additional 132,276 shares during the quarter. Morgan Stanley owned 1.02% of YETI worth $81,551,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 94.52% of the company’s stock.

About YETI

YETI Holdings, Inc engages in the design, marketing, and distribution of products for the outdoor and recreation market. Its products include coolers, drinkware, travel bags, backpacks, multipurpose buckets, outdoor chairs, blankets, dog bowls, apparel, and accessories. The company was founded by Roy J.

Recommended Story: Upside/Downside Explanation

Earnings History and Estimates for YETI (NYSE:YETI)

Receive News & Ratings for YETI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YETI and related companies with MarketBeat.com's FREE daily email newsletter.