Short Interest in YETI Holdings, Inc. (NYSE:YETI) Drops By 16.3%

YETI Holdings, Inc. (NYSE:YETI) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 7,406,587 shares, a decrease of 16.3% from the December 31st total of 8,846,642 shares. Approximately 9.6% of the shares of the company are sold short. Based on an average daily volume of 1,706,079 shares, the days-to-cover ratio is currently 4.3 days. Based on an average daily volume of 1,706,079 shares, the days-to-cover ratio is currently 4.3 days. Approximately 9.6% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have recently commented on YETI shares. B. Riley reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $32.00) on shares of YETI in a research report on Monday, November 10th. Canaccord Genuity Group boosted their price target on YETI from $37.00 to $40.00 and gave the company a “hold” rating in a research note on Thursday, January 8th. UBS Group increased their price objective on YETI from $38.00 to $51.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a report on Wednesday, January 21st. Finally, Stifel Nicolaus upped their price target on shares of YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.42.

Insider Buying and Selling at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the sale, the senior vice president owned 56,397 shares in the company, valued at approximately $2,555,912.04. This trade represents a 14.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.08% of the stock is owned by insiders.

Institutional Trading of YETI

A number of hedge funds have recently added to or reduced their stakes in YETI. Baillie Gifford & Co. increased its holdings in shares of YETI by 50.9% during the fourth quarter. Baillie Gifford & Co. now owns 3,945,196 shares of the company’s stock worth $174,259,000 after buying an additional 1,330,278 shares in the last quarter. Westwood Holdings Group Inc. grew its position in YETI by 110.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after acquiring an additional 1,314,878 shares during the last quarter. Cooper Creek Partners Management LLC acquired a new position in YETI in the 3rd quarter worth about $36,150,000. Norges Bank acquired a new position in YETI in the 2nd quarter worth about $32,995,000. Finally, Disciplined Growth Investors Inc. MN bought a new position in YETI in the third quarter valued at about $25,640,000.

YETI Price Performance

YETI stock traded up $0.31 during trading hours on Tuesday, reaching $46.72. 1,500,882 shares of the stock were exchanged, compared to its average volume of 1,380,387. The stock has a 50 day moving average of $45.67 and a two-hundred day moving average of $39.00. YETI has a twelve month low of $26.61 and a twelve month high of $51.29. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The company has a market cap of $3.64 billion, a P/E ratio of 24.33, a price-to-earnings-growth ratio of 2.56 and a beta of 1.77.

YETI (NYSE:YETI) last posted its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.04. The business had revenue of $487.77 million for the quarter, compared to analyst estimates of $480.08 million. YETI had a net margin of 8.75% and a return on equity of 23.62%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Equities analysts expect that YETI will post 2.57 EPS for the current fiscal year.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.