Should You Invest in YETI Holdings (YETI) for the Long-Term?
Polen Capital, an investment management company, released its “Polen U.S. Small Company Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund delivered 3.46% net of fees compared to a 4.13% return for the Russell 2000 Growth Index. Style factor headwinds and relative sector positioning offset the positive stock selection in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Polen Capital highlighted stocks like YETI Holdings, Inc. (NYSE:YETI) in the Q4 2022 investor letter. Headquartered in Austin, Texas, YETI Holdings, Inc. (NYSE:YETI) engages in the business of outdoor and recreation products. On January 24, 2023, YETI Holdings, Inc. (NYSE:YETI) stock closed at $42.82 per share. One-month return of YETI Holdings, Inc. (NYSE:YETI) was 5.21%, and its shares lost 36.35% of their value over the last 52 weeks. YETI Holdings, Inc. (NYSE:YETI) has a market capitalization of $3.693 billion.
Polen Capital made the following comment about YETI Holdings, Inc. (NYSE:YETI) in its Q4 2022 investor letter:
"YETI Holdings, Inc. (NYSE:YETI), a leading maker of premium coolers and drinkware, delivered a solid earnings report, with top-line growing 20% YoY, headlined by robust demand in the coolers segment. Importantly, the company-maintained guidance, which was well received by investors who had feared that inventory pressures and supply chain issues—among other macro headwinds—would weigh on the stock into year-end. As a consumer discretionary company, Yeti will likely be impacted to some extent by macro challenges. Still, we remain confident in the brand's risk-reward tradeoff and longterm prospects."
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YETI Holdings, Inc. (NYSE:YETI) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 23 hedge fund portfolios held YETI Holdings, Inc. (NYSE:YETI) at the end of the third quarter which was 18 in the previous quarter.
We discussed YETI Holdings, Inc. (NYSE:YETI) in another article and shared the list of largest hunting companies in the US. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
