Peregrine Capital Management LLC Buys New Position in YETI Holdings, Inc. $YETI

Peregrine Capital Management LLC purchased a new stake in YETI Holdings, Inc. (NYSE:YETI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 251,538 shares of the company’s stock, valued at approximately $8,346,000.

A number of other hedge funds have also recently bought and sold shares of YETI. IFP Advisors Inc grew its stake in shares of YETI by 4,552.6% in the 2nd quarter. IFP Advisors Inc now owns 884 shares of the company’s stock worth $30,000 after acquiring an additional 865 shares in the last quarter. True Wealth Design LLC grew its position in YETI by 141.1% in the 3rd quarter. True Wealth Design LLC now owns 885 shares of the company’s stock worth $29,000 after purchasing an additional 518 shares in the last quarter. UMB Bank n.a. increased its stake in YETI by 109.3% in the 2nd quarter. UMB Bank n.a. now owns 896 shares of the company’s stock valued at $28,000 after buying an additional 468 shares during the last quarter. Parallel Advisors LLC increased its stake in YETI by 61.6% in the 2nd quarter. Parallel Advisors LLC now owns 984 shares of the company’s stock valued at $31,000 after buying an additional 375 shares during the last quarter. Finally, MAI Capital Management bought a new position in shares of YETI during the 2nd quarter worth approximately $31,000.

Analyst Upgrades and Downgrades

A number of analysts recently commented on YETI shares. Morgan Stanley increased their price target on YETI from $37.00 to $39.00 and gave the company an “equal weight” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of YETI in a research note on Wednesday, October 8th. William Blair restated an “outperform” rating on shares of YETI in a research report on Tuesday, November 11th. Stifel Nicolaus boosted their target price on shares of YETI from $34.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, December 12th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $35.00 price target (up previously from $32.00) on shares of YETI in a report on Monday, November 10th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.82.

Insider Transactions at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $45.32, for a total value of $442,141.92. Following the completion of the sale, the senior vice president directly owned 56,397 shares in the company, valued at approximately $2,555,912.04. The trade was a 14.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.94% of the stock is currently owned by corporate insiders.

YETI Stock Up 0.2%

YETI opened at $49.27 on Friday. The firm has a market capitalization of $3.83 billion, a P/E ratio of 25.66, a price-to-earnings-growth ratio of 2.74 and a beta of 1.77. YETI Holdings, Inc. has a one year low of $26.61 and a one year high of $50.34. The company has a fifty day moving average price of $41.78 and a 200-day moving average price of $37.05. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.16 and a quick ratio of 1.16.

YETI (NYSE:YETI) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. YETI had a return on equity of 23.62% and a net margin of 8.75%.The firm had revenue of $487.77 million during the quarter, compared to the consensus estimate of $480.08 million. During the same quarter last year, the company posted $0.71 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. YETI has set its FY 2025 guidance at 2.380-2.490 EPS. Equities research analysts expect that YETI Holdings, Inc. will post 2.57 earnings per share for the current fiscal year.

About YETI

YETI Holdings, Inc is an American outdoor and lifestyle products company known for its premium, performance-driven coolers, drinkware and accessories. The company’s portfolio includes hard coolers under its flagship Tundra series, soft coolers in the Hopper line, and vacuum-insulated drinkware sold under the Rambler brand. YETI’s products are engineered for durability, temperature retention and rugged outdoor use, targeting consumers ranging from avid anglers and hunters to outdoor enthusiasts and everyday users seeking high-quality insulated containers.

Founded in 2006 by brothers Roy and Ryan Seiders in Austin, Texas, YETI began with a focus on building a better cooler that could withstand extreme conditions and maintain ice retention longer than traditional alternatives.