Western Standard LLC Acquires New Stake in YETI Holdings, Inc. (NYSE:YETI)

Western Standard LLC purchased a new position in shares of YETI Holdings, Inc. (NYSE:YETI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 111,667 shares of the company's stock, valued at approximately $4,300,000. YETI comprises 2.9% of Western Standard LLC's investment portfolio, making the stock its 14th biggest holding. Western Standard LLC owned about 0.13% of YETI at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its stake in shares of YETI by 22.5% during the fourth quarter. Jones Financial Companies Lllp now owns 1,526 shares of the company's stock worth $59,000 after purchasing an additional 280 shares during the last quarter. Atria Investments Inc raised its stake in shares of YETI by 4.2% during the fourth quarter. Atria Investments Inc now owns 8,110 shares of the company's stock worth $312,000 after purchasing an additional 328 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of YETI by 2.7% during the fourth quarter. Pacer Advisors Inc. now owns 12,646 shares of the company's stock worth $487,000 after purchasing an additional 332 shares during the last quarter. Blue Trust Inc. raised its stake in shares of YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company's stock worth $49,000 after purchasing an additional 333 shares during the last quarter. Finally, Xponance Inc. grew its holdings in YETI by 2.6% during the fourth quarter. Xponance Inc. now owns 13,250 shares of the company's stock worth $510,000 after acquiring an additional 340 shares during the period.

YETI Price Performance

YETI stock traded down $0.61 during trading hours on Friday, hitting $29.52. The stock had a trading volume of 1,642,752 shares, compared to its average volume of 1,758,221. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 1-year low of $26.61 and a 1-year high of $45.25. The stock's fifty day moving average is $30.29 and its two-hundred day moving average is $35.51.

YETI (NYSE:YETI - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.04. The company had revenue of $351.13 million for the quarter, compared to analyst estimates of $347.72 million. YETI had a return on equity of 28.23% and a net margin of 9.60%. YETI's revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. As a group, analysts predict that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on YETI. Piper Sandler dropped their price objective on YETI from $52.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, May 5th. Raymond James dropped their price objective on YETI from $50.00 to $34.00 and set an "outperform" rating on the stock in a report on Friday, May 9th. Morgan Stanley upped 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. KeyCorp raised YETI from an "underweight" rating to a "sector weight" rating in a report on Thursday, April 17th. Finally, The Goldman Sachs Group dropped their price objective on YETI from $41.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.40.

YETI Company Profile

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.