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

Key Points

• YETI Holdings experienced a significant **66.1% increase in short interest** in July, totaling **8,090,000 shares** compared to the previous month.
• The company's last earnings report showed **$0.31 earnings per share**, surpassing analysts' estimates of **$0.27**, and an increase in revenue of **2.8%** year-over-year.
• Several analysts have recently adjusted their target prices for YETI, with Citigroup raising its target from **$36.00 to $44.00**, while others set their targets lower, reflecting mixed sentiments about the stock's performance.

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 8,090,000 shares, agrowthof66.1% from the June 30th total of 4,870,000 shares. Based on an average daily trading volume, of 2,430,000 shares, the short-interest ratio is presently 3.3 days. Approximately9.9% of the shares of the stock are sold short. Approximately9.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,430,000 shares, the short-interest ratio is presently 3.3 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in YETI. Pinebridge Investments L.P. raised its position in YETI by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock worth $1,466,000 after buying an additional 11,391 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of YETI by 1,172.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock worth $609,000 after acquiring an additional 14,565 shares during the period. Homestead Advisers Corp increased its stake in shares of YETI by 15.2% in the first quarter. Homestead Advisers Corp now owns 95,300 shares of the company's stock worth $3,154,000 after acquiring an additional 12,600 shares during the period. Boothbay Fund Management LLC raised its holdings in shares of YETI by 983.0% during the fourth quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock worth $4,659,000 after purchasing an additional 109,803 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in YETI by 44.5% during the first quarter. Envestnet Asset Management Inc. now owns 321,065 shares of the company's stock valued at $10,627,000 after purchasing an additional 98,884 shares during the period.

Wall Street Analyst Weigh In

Several research analysts have commented on YETI shares. Morgan Stanley increased their price objective on shares of YETI from $33.00 to $34.00 and gave the company an "equal weight" rating in a report on Friday, May 9th. Raymond James Financial cut their price target on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a report on Friday, May 9th. Robert W. Baird decreased their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating on the stock in a report on Friday, April 11th. The Goldman Sachs Group lowered their target price on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Finally, UBS Group upped their price target on shares of YETI from $31.00 to $35.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, YETI has an average rating of "Hold" and a consensus target price of $39.47.

YETI Trading Down 10.3%

YETI traded down $3.75 on Thursday, reaching $32.69. 7,709,962 shares of the company traded hands, compared to its average volume of 2,537,401. The company has a market cap of $2.71 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 3.14 and a beta of 1.84. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. YETI has a one year low of $26.61 and a one year high of $45.25. The firm has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $32.99.

YETI (NYSE:YETI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.12. YETI had a return on equity of 26.48% and a net margin of 9.59%. The firm had revenue of $445.89 million during the quarter, compared to analyst estimates of $461.73 million. During the same quarter in the previous year, the business earned $0.70 earnings per share. YETI's quarterly revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts expect that YETI will post 2.57 earnings per share for the current year.

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.