Peregrine Capital Management LLC Takes $8.35 Million Position in YETI Holdings, Inc. $YETI

Peregrine Capital Management LLC acquired a new position in YETI Holdings, Inc. (NYSE:YETI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 251,538 shares of the company’s stock, valued at approximately $8,346,000. Peregrine Capital Management LLC owned about 0.31% of YETI as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of YETI. Westwood Holdings Group Inc. lifted its holdings in YETI by 110.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,507,921 shares of the company’s stock worth $79,050,000 after buying an additional 1,314,878 shares during the period. Engaged Capital LLC increased its stake in shares of YETI by 40.1% in the second quarter. Engaged Capital LLC now owns 2,162,518 shares of the company’s stock valued at $68,163,000 after buying an additional 619,000 shares during the period. Reinhart Partners LLC. raised its position in shares of YETI by 101.6% during the second quarter. Reinhart Partners LLC. now owns 2,142,818 shares of the company’s stock worth $67,542,000 after acquiring an additional 1,080,072 shares during the last quarter. Congress Asset Management Co. lifted its stake in shares of YETI by 1.6% in the second quarter. Congress Asset Management Co. now owns 1,237,425 shares of the company’s stock worth $39,004,000 after acquiring an additional 19,459 shares during the period. Finally, Norges Bank bought a new stake in YETI in the second quarter valued at approximately $32,995,000.

Analyst Ratings Changes

YETI has been the subject of several analyst reports. Jefferies Financial Group restated a “buy” rating on shares of YETI in a report on Tuesday, September 16th. B. Riley reissued a “neutral” rating and set a $35.00 target price (up previously from $32.00) on shares of YETI in a research note on Monday, November 10th. Canaccord Genuity Group boosted their target price on shares of YETI from $37.00 to $40.00 and gave the company a “hold” rating in a report on Thursday. Weiss Ratings reissued a “hold (c)” rating on shares of YETI in a research report on Wednesday, October 8th. Finally, UBS Group boosted their price objective on YETI from $35.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, YETI has a consensus rating of “Hold” and a consensus price target of $39.82.

Insider Buying and Selling at YETI

In other news, SVP Bryan C. Barksdale sold 9,756 shares of YETI stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $45.32, for a total transaction of $442,141.92. Following the completion of the transaction, the senior vice president directly owned 56,397 shares in the company, valued at $2,555,912.04. This trade represents a 14.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.94% of the company’s stock.

YETI Trading Up 0.2%

NYSE:YETI opened at $49.27 on Friday. YETI Holdings, Inc. has a 12 month low of $26.61 and a 12 month high of $50.34. The company has a current ratio of 2.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 25.66, a PEG ratio of 2.74 and a beta of 1.77. The firm has a fifty day simple moving average of $41.78 and a two-hundred day simple moving average of $37.05.

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

YETI Company Profile

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.