YETI Holdings, Inc. (YETI) in Austin, Tex., designs, markets, retails, and distributes products for the outdoor and recreation market. The company has completed a $100 million share repurchase and raised its adjusted EPS guidance range to $2.86 - $2.91 from $2.82 - $2.86 and expects its sales to be up 18% to 20%. However, its trailing-12-month levered FCF margin is negative versus a 3.60% industry average.
The stock has declined 24.9% in price over the past three months and 52.3% over the past nine months to close yesterday’s trading session at $47.76. In addition, it is currently trading 56.1% below its 52-week high of $108.82, which it hit on Nov.5, 2021. Also, it is currently trading below its 50-day and 200-day moving averages of $51.56 and $75.34, respectively, indicating a downtrend. So, YETI’s near-term prospects look uncertain.
