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YETI Holdings , the popular outdoor products company, saw its stock tumble to a 52-week low, with shares dropping to $33.39. According to InvestingPro data, the company maintains strong financial health with a current ratio of 2.18 and more cash than debt on its balance sheet. Analysis suggests the stock may be undervalued at current levels. This latest price point reflects a significant downturn from the company’s performance over the past year, with YETI’s stock experiencing a 1-year change of -14.12%. Despite market headwinds, the company achieved 10.32% revenue growth in the last twelve months. Investors are closely monitoring the stock as it navigates through a challenging market environment, which has seen consumer discretionary spending come under pressure. The company’s ability to rebound from this low will be watched with keen interest as market conditions evolve. InvestingPro subscribers have access to 10 additional exclusive insights and a comprehensive Pro Research Report that provides deep-dive analysis of YETI’s prospects.
In other recent news, Yeti Holdings (NYSE:YETI) Inc. reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of $1.00, which surpassed analysts’ expectations of $0.93. Despite a slight revenue miss, with actual revenue at $546.5 million compared to the anticipated $552.31 million, the company demonstrated strong operational efficiency. The full-year sales for 2024 increased by 9% to $1.84 billion, while operating income rose by 18% to $389 million. In terms of analyst ratings, TD Cowen maintained a Hold rating on Yeti but cut the price target from $44.00 to $38.00, citing concerns about the U.S. market and a slowdown in domestic growth. Conversely, Piper Sandler showed confidence by maintaining an Overweight rating with a $52.00 price target, highlighting Yeti’s growth potential and robust pipeline of new products. Stifel also adjusted its price target to $40 from $45, maintaining a Hold rating, following Yeti’s positive earnings performance in the holiday quarter. These developments underscore a mixed analyst sentiment, with some concerns over domestic challenges but optimism about international growth and product innovation.
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