YETI Sees Unusually High Options Volume (NYSE:YETI)

YETI Holdings, Inc. (NYSE:YETI) was the target of some unusual options trading activity on Monday. Stock investors acquired 5,687 put options on the stock. This is an increase of approximately 159% compared to the average volume of 2,193 put options.

Institutional Trading of YETI

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock valued at $25,000 after acquiring an additional 467 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of YETI during the 3rd quarter worth about $38,000. Aster Capital Management DIFC Ltd bought a new stake in YETI in the fourth quarter worth about $44,000. Pilgrim Partners Asia Pte Ltd bought a new stake in YETI in the fourth quarter worth about $45,000. Finally, GeoWealth Management LLC purchased a new position in shares of YETI during the fourth quarter valued at approximately $48,000.

Wall Street Analysts Forecast Growth

YETI has been the subject of a number of analyst reports. UBS Group reduced their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. KeyCorp cut their price target on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on YETI from $45.00 to $40.00 and set a “hold” rating on the stock in a research report on Friday, February 14th. Canaccord Genuity Group cut their target price on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a research report on Friday, February 14th. Finally, Morgan Stanley lowered their price target on YETI from $48.00 to $45.00 and set an “equal weight” rating on the stock in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.77.

YETI Stock Performance

Shares of NYSE:YETI opened at $34.05 on Tuesday. The firm has a fifty day simple moving average of $36.64 and a two-hundred day simple moving average of $38.47. YETI has a 52 week low of $31.48 and a 52 week 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 stock has a market capitalization of $2.80 billion, a P/E ratio of 16.53, a PEG ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The company had revenue of $555.37 million during the quarter, compared to analysts’ expectations of $554.08 million. On average, analysts expect that YETI 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.