#4 - Yeti (NYSE:YETI)
Yeti Holdings Inc. (NYSE: YETI) may be a textbook example of a consumer discretionary stock ready to pop on improved consumer sentiment. YETI stock is down 30% in 2024 and 24% in the last 12 months. But most of that is due to expectations of what’s to come. That’s because the company’s most recent two quarters show year-over-year revenue and earnings growth.
It could be that investors believe YETI stock was highly overvalued when it was trading for over $54 a share at the end of 2023. But the sell-off seems overdone. The company appeals to the premium consumer who is still showing purchasing power. To tap into that purchasing power, the company recently announced a licensing agreement with the National Football League (NFL).
That would suggest a disconnect between the YETI stock price and its future revenue and earnings outlook. In the 30 days ending September 9, 2024, YETI stock is down another 12%. But that makes the 29% upside of the Yeti analyst forecasts on MarketBeat that much more appealing.
About YETI
YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.
Read More - Current Price
- $37.20
- Consensus Rating
- Hold
- Ratings Breakdown
- 6 Buy Ratings, 7 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $46.77 (25.7% Upside)
