YETI (NYSE:YETI) Issues FY21 Earnings Guidance

YETI (NYSE:YETI) updated its FY21 earnings guidance on Thursday. The company provided EPS guidance of $2.28-2.32 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.16. The company issued revenue guidance of +20-22% to ~$1.31-1.33 billion, compared to the consensus revenue estimate of $1.28 billion.YETI also updated its FY 2021 guidance to 2.280-2.320 EPS.

A number of brokerages have recently issued reports on YETI. Jefferies Financial Group lifted their price objective on shares of YETI from $100.00 to $115.00 and gave the stock a buy rating in a research report on Monday, May 10th. Bank of America lifted their price objective on shares of YETI from $88.00 to $105.00 and gave the stock a buy rating in a research report on Friday. TheStreet downgraded shares of YETI from a b- rating to a c rating in a research report on Thursday. KeyCorp lifted their price objective on shares of YETI from $80.00 to $94.00 and gave the stock an overweight rating in a research report on Friday. Finally, Smith Barney Citigroup downgraded shares of YETI from a buy rating to a neutral rating in a research report on Friday, January 15th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. YETI has an average rating of Buy and a consensus target price of $84.00.

Shares of YETI stock traded up $2.73 during trading hours on Friday, hitting $88.55. The company’s stock had a trading volume of 2,548,264 shares, compared to its average volume of 1,502,128. The company has a 50 day moving average of $82.05 and a 200 day moving average of $71.22. The stock has a market cap of $7.72 billion, a PE ratio of 113.53, a price-to-earnings-growth ratio of 2.66 and a beta of 2.80. 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 has a 12-month low of $25.38 and a 12-month high of $90.65.

YETI (NYSE:YETI) last released its quarterly earnings data on Thursday, May 13th. The company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.21 by $0.17. The business had revenue of $247.60 million for the quarter, compared to the consensus estimate of $218.11 million. YETI had a net margin of 7.17% and a return on equity of 84.63%. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. As a group, analysts anticipate that YETI will post 1.37 earnings per share for the current fiscal year.

In related news, 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 value of $1,628,000.00. Following the completion of the transaction, the chief executive officer now directly owns 268,751 shares in the company, valued at approximately $21,876,331.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $222,863.55. Following the completion of the transaction, the senior vice president now owns 30,124 shares of the company’s stock, valued at $2,204,775.56. 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.

About YETI

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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