Investors Purchase High Volume of Put Options on YETI (NYSE:YETI)

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

Institutional Trading of YETI

Several institutional investors have recently bought and sold shares of the business. Allworth Financial LP boosted its stake in shares of YETI by 237.1% in 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 last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of YETI in the third quarter worth approximately $38,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of YETI in the fourth quarter worth approximately $44,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of YETI in the fourth quarter worth approximately $45,000. Finally, Blue Trust Inc. boosted its stake in YETI by 38.4% during the fourth quarter. Blue Trust Inc. now owns 1,200 shares of the company’s stock worth $49,000 after buying an additional 333 shares during the last quarter.

YETI Trading Up 0.4 %

Shares of NYSE YETI opened at $34.13 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.18 and a quick ratio of 1.36. The stock has a market capitalization 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 has a 1-year low of $31.48 and a 1-year high of $45.25. The business has a fifty day moving average price of $36.57 and a 200 day moving average price of $38.43.

YETI (NYSE:YETI) last announced its earnings results on Thursday, February 13th. The company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.06). The business had revenue of $555.37 million for the quarter, compared to analyst estimates of $554.08 million. YETI had a net margin of 9.60% and a return on equity of 28.23%. Equities research analysts expect that YETI will post 2.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on YETI. UBS Group reduced their price target on YETI from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Stifel Nicolaus reduced their price objective on YETI from $45.00 to $40.00 and set a “hold” rating for the company in a report on Friday, February 14th. Morgan Stanley reduced their price objective on 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 price objective on YETI from $44.00 to $42.00 and set a “hold” rating for the company in a report on Friday, February 14th. Finally, KeyCorp reduced their price objective on YETI from $36.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $44.77.

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.