In this article, we will take a look at the 5 largest hunting companies in the US. You can skip this part and go to 22 Largest Hunting Companies in the US.
5. Polaris Inc. (NYSE:PII)
Market Cap: $6.17B
Number of Hedge fund holders: 15
Polaris Inc. (NYSE:PII) is an interesting player in the hunting industry. Polaris Inc. (NYSE:PII) makes recreational vehicles and ATVs. Polaris Inc. (NYSE:PII) designs some of these products especially for hunting. These vehicles are made for tough terrain and hunting experiences. In December, Polaris Inc. (NYSE:PII) stock was downgraded by investment firm BMO amid pressure on the leisure market and increasing number of recalls.
4. Newell Brands Inc. (NASDAQ:NWL)
Market Cap: $6.37B
Number of Hedge fund holders: 26
Coleman, owned by Newell Brands Inc. (NASDAQ:NWL) is one of the most famous outdoor brands in the US. Coleman makes tents, camps, jackets and related equipment that are used in hunting and outdoor activities. In November, Newell Brands Inc. (NASDAQ:NWL) announced a quarterly dividend of $0.23 per share, in line with previous. Forward dividend yield at the time came in at 6.75%.
3. Winchester Repeating Arms Company (Owned by: Olin Corporation (NYSE:OLN))
Market Cap: $7.75B
Number of Hedge fund holders: 44
Winchester Repeating Arms Company was one of the biggest firearm manufacturers in the US. Winchester Repeating Arms Company still makes hunting rifles and firearms. It is owned by Olin Corporation. Olin Corporation (NYSE:OLN) posted better-than-expected Q3 results. However, Olin Corporation (NYSE:OLN) warned that its Q4 adjusted EBITDA was expected to decline 15%-20% from Q3 levels.
2. V.F. Corporation (NYSE:VFC)
Market Cap: $12B
Number of Hedge fund holders: 26
V.F. Corporation (NYSE:VFC) makes it to our list of the largest hunting companies in the US because the firm owns several major outdoor brands whose products are highly popular in the hunting industry. For starters, V.F. Corporation (NYSE:VFC) owns The North Face, which makes outdoor bags, tents, jackets and related equipment. V.F. Corporation (NYSE:VFC) also owns VANS and Timberland.
Diamond Hill Capital made the following comment about V.F. Corporation (NYSE:VFC) in its Q3 2022 investor letter:
“Our weakest performer in Q3 was apparel and footwear company V.F. Corporation (NYSE:VFC). Consumer spending concerns weighed on the market’s sentiment toward companies selling more discretionary goods. Additionally, management lowered guidance primarily due to weaker sales for its Vans brand, higher-than-expected industry discounting, and macroeconomic uncertainty. The remainder of the portfolio is performing well, as evidenced by solid refreshed long-term financial targets.”
1. Garmin Ltd. (NYSE:GRMN)
Market Cap: $18.8B
Number of Hedge fund holders: 26
Garmin Ltd. (NYSE:GRMN) is a Kansas-based company which sells key items in the hunting space. Garmin Ltd. (NYSE:GRMN)’s GPS devices, cross bow scopes and related accessories are extremely famous among hunters. After posting strong adjusted EPS for the third quarter in October, Garmin Ltd. (NYSE:GRMN) gave its full-year guidance. For the full year Garmin Ltd. (NYSE:GRMN) expects its revenue to come in between $5 billion to $4.85 billion vs consensus of $4.98 billion.
You can also take a peek at 15 Largest Plastic Manufacturing Companies in the World and 14 Countries Where Official Language is English.
