YETI doubled in price over the past year
YETI Holdings, Inc. (YETI) (NYSE:YETI) is an American manufacturer, designer, marketer, retailer, and distributor of a variety of branded outdoor products. If you've been near a body of water in the last three years, you've probably encountered the Austin-based company.
YETI was one of the best performing mid-cap stocks in 2020. The stock just about doubled in price over the span of 12 months and has nearly quintupled in value from its two-year low of $15.28 on March 23. The shares scored a record high of $80.89 back on Jan. 14, with their 80-day moving average containing the subsequent pullback.
Yeti will step into the earnings confessional next Thursday, Feb. 11 before the opening bell. Looking back over the past year, YETI has outperformed expectations in all of its last four earnings reports. However, the only real notable post-earnings pop came from November, when YETI gapped higher by 16.5%.
Overall, YETI stock seems like a promising growth play despite its high price-earnings ratio of 64.81. YETI managed to increase its annual revenue by nearly 50% between 2017 and 2019. The company will be expected to report a similar growth pattern with its fiscal year 2020 results. In addition, YETI has seen steady revenue and net income growth throughout the past year, giving the company a projected forward price-earnings ratio of 33.00. YETI also has a solid balance sheet with a manageable cash-debt ratio of 0.83, making the stock a safe bet amongst the fast-growing mid-cap companies.
Lastly, the security's Schaeffer's Volatility Scorecard (SVS) sits up at 81out of 100. This means YETI has exceeded option traders' volatility expectations during the past year -- a good thing for options buyers.