Capital Research & Management Co has recently announced that it has increased stake in YETI Holdings Inc. (NYSE:YETI) by 13.10%. After grabbing 9.66 million shares, the institutional investor is now in possession of 1.12 million shares of the Consumer Cyclical Company. The new investment brought the stake of investor firm to 11.17% having worth around $380.99 million. Moreover, Wellington Management Co. LLP increased its share by 0.25 million to have a control over 8.59 million shares. And The Vanguard Group, Inc. raised its holdings to 0.12 million shares by acquiring 7.95 million shares or 9.20% of the stake.
YETI Holdings Inc. (YETI) concluded trading on 05/24/23 at a closing price of $37.75, with 1.02 million shares of worth about $38.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -8.04% during that period and on Wednesday the price saw a loss of about -1.02%. Currently the company’s common shares owned by public are about 86.53M shares, out of which, 85.96M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 16 analysts are covering the YETI stock and their offered price forecasts bring an average price target of $48.21. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $57.00 and could fall to a lowest price of $40.00. The stock’s current price level is 21.7% above of average price target set by the analysts, while a rise to estimated low would result in gain of 5.62% for the stock. However, touching the estimated high of $57.00 would mean a gain of 33.77% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 41 times over the past 12 months. They bought 290,578 shares in 13 of the transactions. In 28 selling transactions, insiders dumped 50,798 shares.
American Funds Small Cap World Fu, American Funds AMCAP Fund, and iShares Core S&P Mid Cap ETF are the top 3 mutual funds which are holding stakes in YETI Holdings Inc. American Funds Small Cap World Fu is currently holding 6.9 million shares of worth totaling $272.2 million. The company recently came buying 5777.0 shares which brought its stake up to 7.98% of the company’s outstanding shares. American Funds AMCAP Fund bought 1.01 million shares, after which its hold over company’s outstanding shares expand to 6.46%, leaving 5.58 million shares with the mutual fund that have a worth of about $220.21 million. iShares Core S&P Mid Cap ETF, after buying 2.69 million shares, have now control over 3.11% of the stake in the company. It holds 13464.0 shares of worth $106.18 million.
YETI Holdings Inc. (NYSE: YETI) started trading at $38.13, below -$0.01 from concluding price of the previous day. However, the stock later moved at a day high price of 38.30, or with a loss of -1.02%. Stock saw a price change of -7.61% in past 5 days and over the past one month there was a price change of -1.85%. Year-to-date (YTD), YETI shares are showing a performance of -8.62% which decreased to -14.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $27.86 but also hit the highest price of $55.15 during that period. The average intraday trading volume for YETI Holdings Inc. shares is 1.05 million. The stock is currently trading -8.26% below its 20-day simple moving average (SMA20), while that difference is down -5.10% for SMA50 and it goes to -3.75% lower than SMA200.
Capital Research & Management Co acquired 9.66 million shares of YETI Holdings Inc. having value of about $380.99 million. Data submitted at the U.S SEC by Capital Research & Management Co revealed that the firm now holds 1.12 million shares in the company valued at close to $42220204.0, or have control over 13.10% stake in the company. YETI Holdings Inc. (NYSE: YETI) currently have 86.53M outstanding shares and institutions hold larger chunk of about 98.00% of that. Holding of mutual funds in the company is about 56.98% while other institutional holders and individual stake holders have control over 67.91% and 36.28% of the stake respectively.
The stock has a current market capitalization of $3.37B and its 3Y-monthly beta is at 2.48. PE ratio of stock for trailing 12 months is 44.05, while it has posted earnings per share of $0.86 in the same period. Its PEG reads 5.13 and has Quick Ratio of 0.90 while making debt-to-equity ratio of 0.17. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for YETI, volatility over the week remained 2.40% while standing at 3.47% over the month.
Analysts are in expectations that YETI Holdings Inc. (YETI) stock would likely to be making an EPS of $0.48 in the current quarter, while forecast for next quarter EPS is $0.58 and it is $2.76 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.43 which is $0.55 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.63 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -57.10% while it is estimated to increase by 25.55% in next year. EPS is likely to shrink at an annualized rate of 8.58% for next 5-years, compared to annual growth of 32.40% made by the stock over the past 5-years.
Analysts at 16 brokerage firms have issued recommendations for the YETI Holdings Inc. (YETI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 16 Wall Street analysts, 6 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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