Why YETI (YETI) Shares Are Falling Today
Stock Story
Published Feb 15, 2024 13:01
Updated Feb 15, 2024 13:19
Why YETI (YETI) Shares Are Falling Today
Stock Story -
What Happened:Shares of outdoor lifestyle products brand YETI (NYSE:YETI) (NYSE:YETI) fell 14.8% in the morning session after the company reported fourth-quarter results and provided a full-year EPS forecast that missed Wall Street's estimates. In the quarter, revenue and EPS also fell short. Management said that "results were below our guidance, primarily as a result of more cautious and inconsistent spending on high-priced ticket items in our Coolers & Equipment category." Overall, this was a poor quarter for YETI.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy YETI? Find out by reading the original article on StockStory .
What is the market telling us:YETI's shares are very volatile and over the last year have had 12 moves greater than 5%. But moves this big are very rare even for YETI and that is indicating to us that this news had a significant impact on the market's perception of the business.
YETI is down 18.8% since the beginning of the year, and at $40.89 per share it is trading 23.7% below its 52-week high of $53.60 from December 2023. Investors who bought $1,000 worth of YETI's shares 5 years ago would now be looking at an investment worth $1,790.
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Written By: Stock Story
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