111,667 Shares in YETI Holdings, Inc. (NYSE:YETI) Acquired by Western Standard LLC

Western Standard LLC purchased a new stake in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 111,667 shares of the company's stock, valued at approximately $4,300,000. YETI makes up approximately 2.9% of Western Standard LLC's investment portfolio, making the stock its 14th biggest position. Western Standard LLC owned about 0.13% of YETI as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in YETI by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 38,074 shares of the company's stock valued at $1,466,000 after buying an additional 11,391 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in YETI by 1,172.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,807 shares of the company's stock valued at $609,000 after acquiring an additional 14,565 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of YETI by 983.0% during the 4th quarter. Boothbay Fund Management LLC now owns 120,973 shares of the company's stock valued at $4,659,000 after purchasing an additional 109,803 shares in the last quarter. Truist Financial Corp grew its stake in shares of YETI by 304.2% in the 4th quarter. Truist Financial Corp now owns 28,501 shares of the company's stock worth $1,098,000 after purchasing an additional 21,450 shares during the last quarter. Finally, Clearbridge Investments LLC acquired a new position in shares of YETI in the 4th quarter worth approximately $10,767,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group cut their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their target price on YETI from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Piper Sandler decreased their price target on YETI from $52.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, May 5th. Morgan Stanley boosted their price objective on YETI from $33.00 to $34.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Finally, KeyCorp raised shares of YETI from an "underweight" rating to a "sector weight" rating in a research note on Thursday, April 17th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, YETI currently has a consensus rating of "Hold" and an average price target of $39.40.

YETI Stock Performance

YETI stock opened at $31.56 on Tuesday. The firm has a 50 day simple moving average of $30.52 and a 200 day simple moving average of $35.68. YETI Holdings, Inc. has a 52 week low of $26.61 and a 52 week high of $45.25. The stock has a market cap of $2.61 billion, a P/E ratio of 15.32, a P/E/G ratio of 1.05 and a beta of 1.91. 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 (NYSE:YETI - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. YETI had a net margin of 9.60% and a return on equity of 28.23%. The company had revenue of $351.13 million during the quarter, compared to analyst estimates of $347.72 million. During the same quarter last year, the business posted $0.34 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. Research analysts anticipate that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal 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.

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