YETI Holdings, Inc. (NYSE:YETI) Short Interest Down 15.7% in April

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 9,830,000 shares, a decrease of 15.7% from the March 31st total of 11,660,000 shares. Currently, 12.0% of the company's stock are sold short. Based on an average daily volume of 1,960,000 shares, the short-interest ratio is currently 5.0 days.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Robert W. Baird dropped their target price on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. The Goldman Sachs Group dropped their price target on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. UBS Group decreased their price objective on shares of YETI from $43.00 to $31.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Stifel Nicolaus cut their price target on shares of YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Finally, Morgan Stanley decreased their price target on shares of YETI from $48.00 to $45.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $42.20.

YETI Trading Up 1.7 %

Shares of YETI stock opened at $28.84 on Friday. The firm has a 50-day simple moving average of $31.59 and a two-hundred day simple moving average of $36.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.36 and a current ratio of 2.18. YETI has a fifty-two week low of $26.61 and a fifty-two week high of $45.25. The company has a market cap of $2.39 billion, a P/E ratio of 14.00, a price-to-earnings-growth ratio of 1.05 and a beta of 2.04.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a net margin of 9.60% and a return on equity of 28.23%. The business had revenue of $555.37 million during the quarter, compared to analyst estimates of $554.08 million. As a group, equities analysts predict that YETI will post 2.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On YETI

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in YETI by 237.1% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock valued at $25,000 after buying an additional 467 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter worth approximately $38,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of YETI during the fourth quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new position in YETI in the 4th quarter valued at $45,000. Finally, Blue Trust Inc. lifted its holdings in YETI by 38.4% in the 4th quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock valued at $49,000 after purchasing an additional 333 shares in the last quarter.

About YETI

YETI Holdings, Inc designs, retails, and distributes products for the outdoor and recreation market under the YETI brand. It offers coolers and equipment, including hard and soft coolers, cargo, bags, outdoor living, and associated accessories, as well as backpacks, duffel bags, luggage, packing cubes, carryalls, camp chairs, blankets, dog beds, dog bowls, and gear cases under the LoadOut, Panga, Crossroads, Camino, Hondo Base, Trailhead, Lowlands, Boomer, and SideKick Dry brands.

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