Analyst: Stanley Is a Big Problem for Yeti

The stock has already shed nearly 10% this year

Deputy Editor
Jan 4, 2024 at 10:47 AM
facebook X logo linkedin

Yeti Holdings Inc (NYSE:YETI) is 1.4% lower at $46.48 this morning, after Canaccord Genuity downgraded the stock to "hold" from "buy." And though the analyst hiked its price target by $1 to $50, it said Stanley is proving to be a tougher-than-expected rival to Yeti, and Owala is making more noise than anticipated as well. 

The brokerage bunch is still mostly optimistic towards YETI, with seven of the 17 analysts in question calling it a "buy" or better. Plus, the 12-month consensus target price of $47.63 is a 3.1% premium to current levels. All of this demonstrates there's more room for optimism to unwind.

Meanwhile, over at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Yeti stock's 10-day put/call volume ratio of 1.54 ranks higher than 76% of readings from the past year. This shows put traders have been more active than usual of late.

For those looking to bet on the pop, doing so with options looks to be an affordable route. The security's Schaeffer's Volatility Index (SVI) reading of 38% stands in the low 17th percentile of its 12-month range, meaning options traders are pricing in less volatility at the moment. 

In the three sessions since the start of 2024, YETI is already down 9.7% for the year. And though its up 25.1% over the last nine months, the stock is on pace for a fifth consecutive daily loss.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI