YETI (NYSE:YETI) Updates 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 guidance of 2.280-2.320 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.170. The company issued revenue guidance of $1.31 billion-$1.33 billion, compared to the consensus revenue estimate of $1.28 billion.YETI also updated its FY21 guidance to $2.28-2.32 EPS.

YETI traded up $2.73 during trading on Friday, hitting $88.55. 2,540,234 shares of the company traded hands, compared to its average volume of 1,502,128. The company has a market cap of $7.72 billion, a PE ratio of 113.53, a P/E/G ratio of 2.66 and a beta of 2.80. The stock’s 50-day simple moving average is $82.05 and its two-hundred day simple moving average is $71.22. YETI has a 1 year low of $25.38 and a 1 year high of $90.65. The company has a current ratio of 2.80, a quick ratio of 1.74 and a debt-to-equity ratio of 1.60.

YETI (NYSE:YETI) last issued its quarterly earnings data on Thursday, May 13th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.17. YETI had a net margin of 7.17% and a return on equity of 84.63%. The business had revenue of $247.60 million during the quarter, compared to analysts’ expectations of $218.11 million. During the same period last year, the company posted $0.11 EPS. The business’s revenue was up 42.0% on a year-over-year basis. Equities analysts expect that YETI will post 1.37 EPS for the current year.

A number of equities analysts recently commented on YETI shares. Jefferies Financial Group lifted their price target on shares of YETI from $100.00 to $115.00 and gave the stock a buy rating in a research note on Monday. Raymond James lifted their price target on shares of YETI from $83.00 to $90.00 and gave the stock an outperform rating in a research note on Friday. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell lifted their price target on shares of YETI from $101.00 to $106.00 and gave the stock a buy rating in a research note on Friday. Zacks Investment Research raised shares of YETI from a sell rating to a hold rating in a research note on Friday. Finally, Credit Suisse Group lifted their price target on shares of YETI from $85.00 to $105.00 and gave the stock an outperform rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company has an average rating of Buy and an average price target of $84.00.

In related news, SVP Hollie Sammons Castro sold 3,045 shares of the business’s stock in a transaction on Tuesday, February 16th. The shares were sold at an average price of $73.19, for a total value of $222,863.55. Following the completion of the transaction, the senior vice president now directly owns 30,124 shares in the company, valued at approximately $2,204,775.56. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew J. Reintjes sold 20,000 shares of the business’s stock in a transaction on Monday, April 12th. The shares were sold at an average price of $81.40, for a total transaction of $1,628,000.00. Following the completion of the transaction, the chief executive officer now owns 268,751 shares of the company’s stock, valued at $21,876,331.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 87,264 shares of company stock valued at $6,525,142. 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. The company offers hard and soft coolers, as well as storage, transport, outdoor living, and associated accessories. It also provides drinkware products, such as colsters, lowballs, wine tumblers, stackable pints, tumblers, mugs, bottles, and jugs, as well as accessories comprising bottle straw caps, tumbler handles, jug mounts, and bottle slings under the Rambler brand.

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