YETI Holdings, Inc. (NYSE:YETI) Short Interest Update

YETI Holdings, Inc. (NYSE:YETI) was the target of a large decrease in short interest during 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. Currently, 9.6% of the shares of the stock are sold short. Based on an average trading volume of 1,706,079 shares, the short-interest ratio is currently 4.3 days. Based on an average trading volume of 1,706,079 shares, the short-interest ratio is currently 4.3 days. Currently, 9.6% of the shares of the stock are sold short.

YETI Stock Up 1.2%

Shares of YETI traded up $0.58 during midday trading on Wednesday, hitting $47.34. The stock had a trading volume of 1,027,018 shares, compared to its average volume of 1,503,444. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.56 and a beta of 1.77. The company has a 50 day simple moving average of $45.67 and a two-hundred day simple 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 debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16.

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

Insiders Place Their Bets

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

Institutional Trading of YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in YETI. L. Roy Papp & Associates LLP grew its position in shares of YETI by 0.5% in the 4th quarter. L. Roy Papp & Associates LLP now owns 53,095 shares of the company’s stock valued at $2,345,000 after acquiring an additional 240 shares during the period. LRI Investments LLC lifted its stake in YETI by 8.0% in the 3rd quarter. LRI Investments LLC now owns 4,170 shares of the company’s stock valued at $138,000 after purchasing an additional 309 shares during the last quarter. SBI Securities Co. Ltd. grew its holdings in YETI by 91.2% during the fourth quarter. SBI Securities Co. Ltd. now owns 648 shares of the company’s stock worth $29,000 after purchasing an additional 309 shares during the period. Harbor Capital Advisors Inc. increased its position in YETI by 0.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 86,915 shares of the company’s stock worth $3,839,000 after buying an additional 329 shares during the last quarter. Finally, Fulton Bank N.A. increased its position in YETI by 2.2% during the fourth quarter. Fulton Bank N.A. now owns 15,553 shares of the company’s stock worth $687,000 after buying an additional 333 shares during the last quarter.

Analyst Upgrades and Downgrades

YETI has been the topic of several recent research reports. William Blair reiterated an “outperform” rating on shares of YETI in a report on Tuesday, November 11th. Morgan Stanley set a $48.00 price objective on shares of YETI in a report on Friday, January 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $45.00 target price on shares of YETI in a report on Tuesday, January 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a report on Wednesday, January 21st. Finally, B. Riley restated a “neutral” rating and set a $35.00 target price (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $44.42.

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.