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

Key Points

• YETI Holdings, Inc. experienced unusually high options trading activity, acquiring 3,572 call options, an increase of about 103% from the typical daily volume.
• On Friday, YETI's stock price rose by 4.7% to $38.55, with a notable trading volume exceeding its average volume.
• The company reported earnings of $0.31 per share for the last quarter, surpassing analysts' estimates of $0.27 and reflecting a year-over-year revenue increase of 2.8%.
• Analyst ratings for YETI range from "buy" to "hold," with a consensus price target of approximately $39.47.

YETI Holdings, Inc. (NYSE:YETI - Get Free Report) saw some unusual options trading on Friday. Stock traders acquired 3,572 call options on the stock. This represents an increase of approximately 103% compared to the typical daily volume of 1,756 call options.

YETI Trading Up 4.7%

NYSE:YETI traded up $1.75 on Friday, reaching $38.55. The company's stock had a trading volume of 2,284,447 shares, compared to its average volume of 2,134,293. YETI has a 12-month low of $26.61 and a 12-month high of $45.25. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 18.47, a price-to-earnings-growth ratio of 3.42 and a beta of 1.85. The company has a quick ratio of 1.47, a current ratio of 2.58 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average price of $31.87 and a 200 day moving average price of $33.03.

YETI (NYSE:YETI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. YETI had a return on equity of 26.48% and a net margin of 9.59%. The company had revenue of $351.13 million during the quarter, compared to analysts' expectations of $347.72 million. During the same quarter in the previous year, the business earned $0.34 earnings per share. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. On average, equities analysts anticipate that YETI will post 2.57 EPS for the current fiscal year.

Institutional Trading of YETI

Hedge funds have recently added to or reduced their stakes in the stock. L. Roy Papp & Associates LLP increased its stake in YETI by 22.6% in the 2nd quarter. L. Roy Papp & Associates LLP now owns 50,447 shares of the company's stock valued at $1,590,000 after purchasing an additional 9,304 shares in the last quarter. IFP Advisors Inc increased its position in YETI by 4,552.6% during the second quarter. IFP Advisors Inc now owns 884 shares of the company's stock worth $30,000 after buying an additional 865 shares in the last quarter. BankPlus Trust Department purchased a new position in YETI during the second quarter worth $202,000. KLP Kapitalforvaltning AS increased its position in YETI by 9.4% during the second quarter. KLP Kapitalforvaltning AS now owns 19,700 shares of the company's stock worth $621,000 after buying an additional 1,700 shares in the last quarter. Finally, Valeo Financial Advisors LLC purchased a new position in YETI during the second quarter worth $1,113,000.

Wall Street Analysts Forecast Growth

YETI has been the topic of several recent research reports. Citigroup increased their price target on YETI from $36.00 to $44.00 and gave the company a "buy" rating in a report on Wednesday. Robert W. Baird decreased their price objective on YETI from $50.00 to $40.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. UBS Group upped their price objective on YETI from $31.00 to $35.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. The Goldman Sachs Group decreased their price target on YETI from $41.00 to $29.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd. Finally, Raymond James Financial decreased their price target on YETI from $50.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, May 9th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.47.

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.

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