Added to YB: 2023-12-11
Pitch date: 2023-12-11
YETI [bearish]
YETI Holdings, Inc.
+6.14%
current return
Author Info
No bio for this author
Company Info
YETI Holdings, Inc. designs, retails, and distributes outdoor products under the YETI brand name in the United States, Canada, Australia, New Zealand, Europe, and Japan.
Market Cap
$2.9B
Pitch Price
$46.87
Price Target
31.00 (-30%)
Dividend
N/A
EV/EBITDA
10.26
P/E
19.27
EV/Sales
1.58
Sector
Leisure Products
Category
N/A
[SHORT] Yeti Holdings - $YETI
$YETI facing short opportunity in 2024 as consumer spending trickles down & Gen Z prefers competitors like Stanley Tumbler. Slowing growth obscured by aggressive gift card accounting, but consensus expects unrealistic acceleration. Kodak-like fallacies threaten brand advantage. FY24 EPS may hit $2.20 vs $2.77 consensus, further erosion could lead to 13-14x multiple & -27% to -40% downside. Risks: slower demand deterioration, resilient core customers, short squeeze post 3Q beat.
Read full article (7 min)