Yeti Stock Serves Notable Recovery After Fall From Record

The travel mug maker sports a price-earnings ratio of 43.01

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YETI Holdings, Inc. (NYSE:YETI) is an American outdoor products manufacturer based in Austin, Texas. The retail company designs and distributes outdoor products globally. Yeti offers coolers, drinkware, backpacks, bags, and many other products. At last check, YETI was trading up 2.6% at $97.60.

On Oct. 21, the retail brand announced that YETI’s senior leadership team plans to release its third quarter of fiscal year 2021 financial results on before the open on Thursday, Nov. 11. Yeti will also host a conference that same day to discuss its financial results. Wall Street analysts expect that the company will report earnings of $0.59 per share in its Q3 earnings report.

YETI has increased about 87% in price year-over-year and has surged 104% since bottoming at a 52-week low of $47.66 last November. Additionally, shares of YETI have grown 42% year-to-date, but have shed 7% since hitting its Aug. 6 record high of $105.62. The shares had pulled back from the August peak in recent weeks, but earlier this month found a floor at $84.

From a fundamental point of view, YETI’s valuation has significantly outgrown its output over the last couple of years, despite the retail brand generating decent top- and bottom-line growth. Since fiscal 2018, the security's revenues have grown almost 60%.

The outdoor retailer’s growth rate does not warrant the inflated price-earnings ratio of 43.01 or the high price-sales ratio of 6.45. Moreover, with a rich forward price-earnings ratio of 31.55, Yeti stock no longer offers an attractive enough value for investors over the coming one to two years.

 

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