Western Standard LLC Invests $4.30 Million in YETI Holdings, Inc. (NYSE:YETI)

Western Standard LLC acquired a new stake in YETI Holdings, Inc. (NYSE:YETI) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 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 largest holding.

A number of other large investors have also recently bought and sold shares of the business. Allworth Financial LP grew its holdings 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 during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI in the fourth quarter worth $44,000. Pilgrim Partners Asia Pte Ltd bought a new position in YETI during the fourth quarter worth $45,000. Blue Trust Inc. raised its stake in YETI by 38.4% during 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 during the last quarter. Finally, GeoWealth Management LLC bought a new stake in YETI in the 4th quarter valued at $48,000.

Analysts Set New Price Targets

Several research firms have recently issued reports on YETI. Raymond James dropped their price objective on shares of YETI from $50.00 to $34.00 and set an “outperform” rating on the stock in a report on Friday, May 9th. The Goldman Sachs Group cut their price target on YETI from $41.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on YETI from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, April 10th. UBS Group cut their target price on YETI from $43.00 to $31.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Finally, KeyCorp upgraded shares of YETI from an “underweight” rating to a “sector weight” rating in a research note on Thursday, April 17th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, YETI presently has an average rating of “Hold” and an average target price of $39.40.

YETI Trading Down 1.8%

Shares of YETI stock opened at $31.56 on Tuesday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 15.32, a price-to-earnings-growth ratio of 1.05 and a beta of 1.91. YETI Holdings, Inc. has a 12-month low of $26.61 and a 12-month high of $45.25. The company has a quick ratio of 1.36, a current ratio of 2.18 and a debt-to-equity ratio of 0.10. The company has a 50-day simple moving average of $30.52 and a 200 day simple moving average of $35.68.

YETI (NYSE:YETI) last released its quarterly 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 return on equity of 28.23% and a net margin of 9.60%. The business had revenue of $351.13 million during the quarter, compared to analysts’ expectations of $347.72 million. During the same period in the previous year, the business posted $0.34 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. Research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

YETI 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.