YETI Target of Unusually High Options Trading (NYSE:YETI)

YETI Holdings, Inc. (NYSE:YETI) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 5,687 put options on the stock. This represents an increase of approximately 159% compared to the typical volume of 2,193 put options.

Hedge Funds Weigh In On YETI

A number of large investors have recently added to or reduced their stakes in YETI. Allworth Financial LP raised its position in YETI by 237.1% during the fourth quarter. Allworth Financial LP now owns 664 shares of the company’s stock worth $25,000 after acquiring an additional 467 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter valued at about $38,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI in the fourth quarter valued at about $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI in the fourth quarter valued at about $45,000. Finally, GeoWealth Management LLC acquired a new stake in shares of YETI in the fourth quarter valued at about $48,000.

YETI Stock Performance

Shares of YETI stock traded up $1.32 during trading hours on Monday, hitting $33.49. The company’s stock had a trading volume of 884,082 shares, compared to its average volume of 1,564,966. The company has a 50 day moving average of $36.72 and a 200 day moving average of $38.52. The stock has a market cap of $2.76 billion, a PE ratio of 16.29, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15. The company has a current ratio of 2.18, a quick ratio of 1.36 and a debt-to-equity ratio of 0.10. YETI has a 12-month low of $31.48 and a 12-month high of $45.25.

YETI (NYSE:YETI) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.06). YETI had a return on equity of 28.23% and a net margin of 9.60%. The firm had revenue of $555.37 million for the quarter, compared to analysts’ expectations of $554.08 million. On average, sell-side analysts forecast that YETI will post 2.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. UBS Group decreased their price objective on shares of YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Canaccord Genuity Group decreased their price objective on shares of YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. KeyCorp reduced their price target on shares of YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price target on shares of YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, Morgan Stanley reduced their price target on shares of YETI from $48.00 to $45.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.77.

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.