This summary was created by AI, based on 1 opinions in the last 12 months.
Experts believe that YETI Holdings, Inc. rallied 4% today, possibly in response to the market anticipating a win for Harris in the election. As the company sources 40% of its goods from China, it could be impacted by tariffs if Trump wins. Despite a recent sell-off, the stock saw a positive movement today.
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.
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
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..
YETI Holdings, Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for YETI Holdings, Inc..
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1 stock analyst on Stockchase covered YETI Holdings, Inc. In the last year. It is a trending stock that is worth watching.
On 2024-12-10, YETI Holdings, Inc. (YETI-N) stock closed at a price of $43.61.
It rallied 4% today, perhaps by a market sensing that Harris will win the election. YETI sources 40% of its goods from China, which is a target of tariffs if Trump wins. YETI was selling off until today.