NYSE:YETI

41.52
1.20 (2.81%) 1d
0
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

YETI Holdings, Inc. saw a significant increase in its stock value after a report last Thursday, marking a positive turnaround after a prolonged slump. The company's sales have remained steady despite a slowdown in revenue growth, and it has a strong balance sheet compared to its competitor, Newell Brands. Both companies are considered to be good investment opportunities, with YETI projecting an optimistic full-year forecast, especially for the upcoming holidays, and Newell undergoing a turnaround under new management. Despite a dividend cut and lower guidance for the future, Newell's CEO believes that the worst is behind them, making it an opportune time to invest. Yeti is returning to a growth mode, with a relatively higher PE ratio for 2024 compared to Newell, making it a preferred choice by some experts.

Consensus
buy
Valuation
fair Value
BUY
Yeti vs. Newell

Soared 17% last Thursday after a report, going positive for the year after a long slump. Why did they soar while Newell Brands has lagged? Both make discretionary goods at a time when consumers are spending more on services or experiences. Yeti soared during Covid, but fell after. Since last October's market bottom, Yeti has rallied 61%. Revenue growth slowed from 29% in 2021 to 13% in 2022, sales never fell. Yeti's edge over Newell is its coolers. Their gross margins have swung from the high-50s in 2021 to low-50s in 2022, better than Newell's. For 2023, Wall St. projects Yeti's earnings to fall 3% vs. Newell plunging 48%. YETI has a strong balance sheet vs. Newell's $5 billion debt. Yeti never paid a dividend, but Newell's pays a generous one that they had to slash by 70% to 2.6%. That triggered a sell-off by income investors. That said, both companies are buys. Last week, Yeti raised its full-year forecast, especially over the holidays. Newell is a turnarounds tory under new management. The CEO had to slash the dividend. Their last quarter beat top and bottom line, but the CEO lowered guidance for the rest of the year. He thinks that was the last bad quarter, and the last bad quarter is the time to invest in a stock. Also, Newell is laying off 2% of its workforce and automating its warehouses and reducing their brands (they have way too many). Yeti is returning to growth mode at 16.4x PE 2024 vs. Newell's under 10x PE 2024. He prefers Yeti.

Consumer Products
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TOP PICK

Headquartered in Austin, Texas, YETI is a global designer, retailer, and distributor of innovative outdoor products. From coolers and drinkware to backpacks and bags, YETI products are built to meet the unique and varying needs of diverse outdoor pursuits, whether in the remote wilderness, at the beach, or anywhere life takes our customers. By consistently delivering high-performing, exceptional products, we have built a strong following of brand loyalists throughout the world, ranging from serious outdoor enthusiasts to individuals who simply value products of uncompromising quality and design. We have an unwavering commitment to outdoor and recreation communities, and we are relentless in our pursuit of building superior products for people to confidently enjoy life outdoors and beyond. Social media mentions are up 550% in the past 24h.

Consumer Products
BUY
It makes high-performance outdoor gear and it reports Thursday. He's been liking this since $16. Closed at $107 today. Loves their products. A pandemic play, but it's much more than that.
Consumer Products
PARTIAL SELL
A fantastic company. Has built a brand image and brand following. Has massive margins from the brand following. Consumers have tremendous amounts of spending power, since incomes have built up. Easier to sell high end brands. Very easy for competition to come in at decent margins and take away from them. The best days are probably behind them now.
Consumer Products
BUY
The great outdoors cohort excelled last summer when we were in lockdown and they only thing to do was to go camping, including YETI. This quadrupled from its lows by the end of 2020. They reported a pair of super quarters. Q4 results in February beat top and bottom lines and delivered a bullish forecast when the market was ambivalent about it. Shares sold off 8%, though, but as spring got rolling, YETI shares rose. This past week, they delivered 42% revenue growth and more top and bottom-line beats and raised full-year guidance. Direct to consumer sales were up, and this offers wide margins. They invested in new products. Overseas sales are prospering. The one knock is that the stock if pricey in terms of valuation. Despite that, he sees strong growth.
Consumer Products
TOP PICK
A drink ware and cooler manufacturing company with a very popular brand. It is now coming into Canada. He expects growth to continue at 15% per year. It trades at a little under 20 times earnings. A great entry point here. Yield 0% (Analysts’ price target is $38.18)
Consumer Products
TOP PICK
The company is well known in the southern US but unknown in the north and abroad. They started by inventing a super cooler and has diversified into outdoor drinkware and other outdoor products. It has a great online presence. It became public in the fall at $18 and has done very well. Mutiple isn't dirt cheap at 20x earnings. Has huge growth potential. (Analysts’ price target is $28.40)
Consumer Products
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YETI Holdings, Inc.(YETI-N) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for YETI Holdings, Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

YETI Holdings, Inc.(YETI-N) Frequently Asked Questions

What is YETI Holdings, Inc. stock symbol?

YETI Holdings, Inc. is a American stock, trading under the symbol YETI-N on the New York Stock Exchange (YETI). It is usually referred to as NYSE:YETI or YETI-N

Is YETI Holdings, Inc. a buy or a sell?

In the last year, 1 stock analyst published opinions about YETI-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for YETI Holdings, Inc..

Is YETI Holdings, Inc. a good investment or a top pick?

YETI Holdings, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for YETI Holdings, Inc..

Why is YETI Holdings, Inc. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is YETI Holdings, Inc. worth watching?

1 stock analyst on Stockchase covered YETI Holdings, Inc. In the last year. It is a trending stock that is worth watching.

What is YETI Holdings, Inc. stock price?

On 2024-06-13, YETI Holdings, Inc. (YETI-N) stock closed at a price of $41.52.