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.
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.
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.
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