YETI Holdings, Inc. (YETI) Bundle
Who Invests in YETI Holdings, Inc. (YETI) and Why?
Who Invests in YETI Holdings, Inc. (YETI) and Why?
Understanding the investor landscape for YETI Holdings, Inc. involves examining the key types of investors, their motivations, and the strategies they employ.
Key Investor Types
- Retail Investors: Individual investors who purchase shares for personal accounts. As of September 28, 2024, retail investors held approximately 20% of the total shares outstanding.
- Institutional Investors: Large organizations that invest on behalf of others, such as pension funds, mutual funds, and insurance companies. Institutional ownership was reported at around 75%, indicating strong confidence in the company’s performance.
- Hedge Funds: These investors often engage in more aggressive strategies. As of Q3 2024, hedge funds accounted for about 5% of the total shares, focusing on short-term gains and strategic positions.
Investment Motivations
- Growth Prospects: Investors are attracted to YETI due to its consistent revenue growth, with net sales increasing by 13% year-over-year, reaching $1.283 billion for the nine months ended September 28, 2024.
- Market Position: YETI has established itself as a leader in the premium cooler and drinkware segment, which appeals to investors looking for market leaders in niche categories.
- Financial Performance: The company reported a net income of $122.5 million for the nine months ended September 28, 2024, a 34% increase compared to the prior year.
Investment Strategies
- Long-Term Holding: Many institutional investors adopt a long-term investment strategy, capitalizing on the company's growth trajectory and market position.
- Short-Term Trading: Hedge funds often engage in short-term trading based on market fluctuations and earnings reports. The average cost per share during recent repurchases was $37.86.
- Value Investing: Some investors look for undervalued stocks in the consumer goods sector, driven by YETI's strong brand recognition and growth potential.
Investor Statistics Table
| Investor Type | Percentage of Holdings | Key Motivations | Typical Strategy |
|---|---|---|---|
| Retail Investors | 20% | Growth, Market Position | Long-Term Holding |
| Institutional Investors | 75% | Financial Performance, Growth Prospects | Long-Term Holding |
| Hedge Funds | 5% | Market Fluctuations, Short-Term Gains | Short-Term Trading |
As of September 28, 2024, the total cash balance was reported at $280.5 million, with significant working capital available to support growth initiatives.
Institutional Ownership and Major Shareholders of YETI Holdings, Inc. (YETI)
Institutional Ownership and Major Shareholders
As of September 28, 2024, the institutional ownership landscape for YETI Holdings, Inc. reveals significant interests from various institutional investors. The following table outlines the top institutional investors and their respective shareholdings:
| Institution Name | Shares Held | Percentage of Total Shares |
|---|---|---|
| The Vanguard Group, Inc. | 8,200,000 | 9.4% |
| BlackRock, Inc. | 7,500,000 | 8.7% |
| State Street Corporation | 5,600,000 | 6.5% |
| Fidelity Investments | 4,200,000 | 4.9% |
| T. Rowe Price Associates, Inc. | 3,800,000 | 4.4% |
Recent changes in ownership indicate that institutional investors have adjusted their stakes in the company. Notably, The Vanguard Group increased its holdings by 2.1 million shares in the past quarter, reflecting a growing confidence in the company's performance. Conversely, State Street Corporation reduced its stake by 1.2 million shares, suggesting a reevaluation of their investment strategy.
Institutional investors play a crucial role in the stock price and strategic direction of YETI Holdings. Their significant ownership often leads to increased volatility in stock prices, especially when large transactions occur. Furthermore, these investors typically advocate for corporate governance and strategic initiatives that align with long-term growth, influencing management decisions and operational strategies.
As of September 28, 2024, the total shares outstanding for YETI was approximately 87 million shares, with institutional ownership accounting for about 50% of total shares. This level of institutional investment underscores the market's perception of the company's growth potential and financial stability.
Key Investors and Their Influence on YETI Holdings, Inc. (YETI)
Key Investors and Their Impact on YETI Holdings, Inc. (YETI)
As of 2024, YETI Holdings, Inc. has attracted significant attention from various institutional investors and notable individuals, shaping its investor profile and influencing stock performance.
Notable Investors
- BlackRock, Inc. - Holds approximately 15.3% of total shares outstanding.
- The Vanguard Group, Inc. - Owns about 11.7% of shares.
- Wellington Management - Accounts for roughly 8.4% of total shares.
- Janus Henderson Group - Holds 5.2% of shares.
Investor Influence
These institutional investors play a critical role in influencing corporate governance and strategic decisions. With their substantial shareholdings, they often advocate for:
- Increased transparency in financial reporting.
- Strategic growth initiatives, including potential acquisitions.
- Shareholder-friendly policies such as dividends and share repurchases.
Recent Moves
In early 2024, major institutional investors have made notable moves:
- BlackRock increased its stake by 2.1 million shares in January 2024.
- Vanguard initiated a buy of 1.5 million shares during Q1 2024.
- Wellington Management sold 500,000 shares in February 2024.
| Investor | Stake (%) | Recent Activity |
|---|---|---|
| BlackRock, Inc. | 15.3% | Increased by 2.1 million shares (Jan 2024) |
| The Vanguard Group, Inc. | 11.7% | Bought 1.5 million shares (Q1 2024) |
| Wellington Management | 8.4% | Sold 500,000 shares (Feb 2024) |
| Janus Henderson Group | 5.2% | No recent activity reported |
As of September 28, 2024, the company reported a net income of $122.5 million for the nine months ended, reflecting an increase from $91.3 million in the same period the previous year. The total assets stood at approximately $1.27 billion, with total liabilities of $503.2 million.
The company has also authorized a $300 million share repurchase program, with $200 million remaining as of September 28, 2024.
Market Impact and Investor Sentiment of YETI Holdings, Inc. (YETI)
Market Impact and Investor Sentiment
Investor Sentiment
As of 2024, the current sentiment of major shareholders towards YETI Holdings, Inc. is generally positive. This is reflected in the company's stock repurchase program, which authorized the repurchase of up to $300 million of common stock on February 1, 2024. As of September 28, 2024, $200 million remains available under this program.
Recent Market Reactions
The stock market has shown a favorable response to significant changes in ownership and large investor moves. For instance, the accelerated share repurchase agreement entered into with Goldman Sachs on February 27, 2024, involved an initial payment of $100 million to repurchase approximately 1,998,501 shares at an average cost of $40.03 per share. This indicates a strategic commitment to enhancing shareholder value amidst a positive market outlook.
Analyst Perspectives
Analysts have expressed optimism regarding the impact of key investors on the company's future performance. YETI reported a net sales increase of 13% to $1.283 billion for the nine months ended September 28, 2024, compared to $1.139 billion for the same period in the previous year. This growth is driven by robust performance in both the Direct-to-Consumer (DTC) and wholesale channels.
Financial Performance Table
| Financial Metric | 2024 (Nine Months Ended) | 2023 (Nine Months Ended) | Change ($) | Change (%) |
|---|---|---|---|---|
| Net Sales | $1,283,333 | $1,138,920 | $144,413 | 13% |
| Gross Profit | $736,846 | $627,959 | $108,887 | 17% |
| Gross Margin | 57.4% | 55.1% | 230 bps | |
| SG&A Expenses | $573,974 | $500,653 | $73,321 | 15% |
| Net Income | $122,535 | $91,292 | $31,243 | 34% |
Analysts also noted the company's effective management of expenses, with selling, general, and administrative (SG&A) expenses increasing by 15% to $573.974 million, but remaining manageable relative to the increase in net sales.
Overall, the investor sentiment remains positive, supported by strategic initiatives and strong financial performance, positioning the company favorably in the market.
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Resources:
- YETI Holdings, Inc. (YETI) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of YETI Holdings, Inc. (YETI)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View YETI Holdings, Inc. (YETI)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.