YETI Sees Unusually Large Options Volume (NYSE:YETI)

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) saw some unusual options trading activity on Monday. Investors purchased 5,687 put options on the stock. This is an increase of approximately 159% compared to the typical volume of 2,193 put options.

YETI Stock Up 0.4 %

NYSE:YETI traded up $0.13 on Tuesday, hitting $34.13. 2,692,437 shares of the company's stock were exchanged, compared to its average volume of 1,576,461. The firm has a 50-day moving average price of $36.57 and a 200-day moving average price of $38.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. YETI has a 52 week low of $31.48 and a 52 week high of $45.25. The company has a market cap of $2.81 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 1.05 and a beta of 2.15.

YETI (NYSE:YETI - Get Free Report) last issued 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 business had revenue of $555.37 million for the quarter, compared to the consensus estimate of $554.08 million. As a group, analysts expect that YETI will post 2.57 EPS for the current fiscal year.

Institutional Investors Weigh In On YETI

Several institutional investors and hedge funds have recently added to or reduced their stakes in YETI. Wasatch Advisors LP raised its holdings in shares of YETI by 0.9% in the 4th quarter. Wasatch Advisors LP now owns 5,529,046 shares of the company's stock valued at $212,924,000 after purchasing an additional 51,443 shares during the period. Wellington Management Group LLP raised its holdings in shares of YETI by 15.9% in the 4th quarter. Wellington Management Group LLP now owns 3,560,485 shares of the company's stock valued at $137,114,000 after purchasing an additional 489,063 shares during the period. Gates Capital Management Inc. bought a new stake in shares of YETI in the 4th quarter valued at about $135,356,000. Dimensional Fund Advisors LP raised its holdings in shares of YETI by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,501,170 shares of the company's stock valued at $57,812,000 after purchasing an additional 22,123 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of YETI by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,427,191 shares of the company's stock valued at $58,573,000 after purchasing an additional 7,382 shares during the period.

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Analyst Ratings Changes

YETI has been the subject of several research analyst reports. Stifel Nicolaus decreased 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. UBS Group decreased their price target 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. Morgan Stanley decreased 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. Canaccord Genuity Group reduced their target price on shares of YETI from $44.00 to $42.00 and set a "hold" rating for the company in a research note on Friday, February 14th. Finally, KeyCorp reduced their target price on shares of YETI from $36.00 to $35.00 and set an "underweight" rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price 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.