Trendy cooler maker Yeti Holdings (YETI), which says on its website that it offers “Gifts for those who go all out,” earned a positive jump in its stock Relative Strength (RS) Rating Wednesday, rising to 76, up from 66 a day earlier. Yet stock climbed 2.8% for the day, to 93.04.
The new 76 RS Rating means that Yeti stock has outperformed 76% of all stocks over the past year. Top-performing stocks often have an RS Rating north of 80 as they launch their largest runs. See if Yeti Holdings can continue to show renewed price strength and hit that benchmark.
Yeti Stock Had Steep Upward Trajectory
Yeti makes high-end outdoor goods including drinkware like tumblers, mugs and jugs. Also coolers, backpacks, duffel bags and assorted other items. The Austin, Texas-based company went public in October 2018 and Yeti stock has risen at nosebleed speed. It closed its first week trading at 16.45. On Wednesday its 93.04 close was up 466% from that first week trading.
Yeti Holdings posted 5% earnings growth in its most recent report, to 64 cents per share. The small gain came after its EPS shot up 72%, 245% and then 66% the prior three periods. Sales last quarter rose 23% to $362.6 million, at least its fourth quarter in a row of double-digit sales growth.
Among other key ratings, Yeti stock has an 81 Composite Rating and a 79 EPS Rating, reflecting its recent lower profit growth. Still, it’s trading not far from its all-time high 108.82, set on Nov. 5.
While now is not an ideal time to jump in, see if the stock manages to establish and enter a buying range in heavy volume, for example with a cup-with-handle base or a rebound off its 50-day or 10-week line.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor’s Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the last 52 weeks compares to all the other stocks in our database.
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