Investors Purchase Large Volume of Call Options on YETI (NYSE:YETI)

YETI Holdings, Inc. (NYSE:YETI) was the target of some unusual options trading on Thursday. Stock investors purchased 2,160 call options on the stock. This represents an increase of 37% compared to the average volume of 1,581 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in shares of YETI in the 3rd quarter worth approximately $26,000. Crewe Advisors LLC bought a new stake in YETI during the 1st quarter worth approximately $27,000. Versant Capital Management Inc grew its position in YETI by 571.8% during the 2nd quarter. Versant Capital Management Inc now owns 833 shares of the company’s stock worth $32,000 after acquiring an additional 709 shares during the last quarter. Blue Trust Inc. boosted its position in YETI by 265.8% in the 3rd quarter. Blue Trust Inc. now owns 867 shares of the company’s stock valued at $33,000 after buying an additional 630 shares during the last quarter. Finally, Fidelis Capital Partners LLC bought a new position in YETI in the 1st quarter valued at $35,000.

YETI Price Performance

NYSE YETI opened at $38.87 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.29 and a quick ratio of 1.22. The firm has a market cap of $3.29 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 1.07 and a beta of 2.12. The stock’s 50-day moving average is $38.77 and its two-hundred day moving average is $39.10. YETI has a fifty-two week low of $33.41 and a fifty-two week high of $54.15.

YETI (NYSE:YETI) last announced its earnings results on Thursday, August 8th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.06. The business had revenue of $463.50 million for the quarter, compared to analyst estimates of $452.42 million. YETI had a net margin of 10.66% and a return on equity of 28.83%. YETI’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.51 earnings per share. On average, analysts anticipate that YETI will post 2.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on YETI. Jefferies Financial Group lifted their price objective on YETI from $54.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Piper Sandler reissued an “overweight” rating and issued a $54.00 price objective on shares of YETI in a research report on Tuesday, July 30th. Roth Mkm raised their target price on shares of YETI from $42.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Canaccord Genuity Group reiterated a “hold” rating and issued a $44.00 price target on shares of YETI in a report on Monday, September 30th. Finally, KeyCorp lifted their price objective on YETI from $36.00 to $38.00 and gave the company an “underweight” rating in a research report on Friday, August 9th. One research 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 MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $45.62.

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.