It was another month of share-price slippage for businesses on the OBJ Outdoor Index, with a single company鈥擭ewell Brands Inc.鈥攑osting gains. Though the index overall shed nearly 6 percent of its value, the losses weren’t as dramatic as those across other major market indices. The S&P 500 and Nasdaq, for example, lost 8.80 and 13.26 percent of their value, respectively.
The picture, then, is a little less bleak for publicly traded outdoor businesses than it seems at first blush. The market is suffering in general, as it has been since the beginning of the year鈥攂ut outdoor-industry stocks, though certainly not growing, appear to be escaping the very worst of it.
Here鈥檚 a snapshot of what happened last month.
OBJ Outdoor Index Compared to Other Indices: April 2022
| Index | April chg% |
| OBJ Outdoor Index | -5.83% |
| Dow Jones | -4.91% |
| S&P 500 | -8.80% |
| Nasdaq | -13.26% |
Of the 28 public companies that OBJ tracks, only one saw its share price grow in April, while 27 saw declines. Here are the month鈥檚 top stock performers:
- Newell Brands Inc. (Nasdaq: NWL): 8.13%
- Dometic Group AB (STO:DOM.ST): -0.34%
- Samsonite International SA (OTC: SMSEY): -0.72%
And here are the companies that saw the biggest declines:
- Solo Brands, Inc.听(NYSE: DTC): -30.01%
- Fenix Outdoor InternationalAG (STO: FOI-B): -20.89%
- Emerald Holding Inc. (NYSE: EEX): -20.88%
Tracking the Monthly OBJ Outdoor Index
Below is the OBJ Outdoor Index for April 2022. The Index shows how 28 public corporations鈥攎ostly parent companies of outdoor brands, with a couple of retailers, a ski resort giant, and a trade show operator included as well鈥攑erformed in the calendar month.
The chart includes the companies鈥 share prices on the last business day of the previous month (March 31), their share price on the last business day of the tracked month (April 29), the percent change in that period, and current market cap (equal to share price times the total number of shares outstanding).
The OBJ Outdoor Index, unlike other indices such as the Dow Jones Industrial, doesn鈥檛 use a market cap weighting system.
Foreign companies鈥 shares are presented here in U.S. dollars and designated as OTC (over-the-counter) securities since they aren鈥檛 listed on U.S. stock exchanges. Two exceptions are Dometic Group AB and Fenix Outdoor International Group, whose share prices can be found only on Nasdaq Stockholm and are represented as U.S. currency converted from the Swedish krona.
Underneath the stock chart are capsules on each of the 28 companies of the OBJ Outdoor Index, including headquarters location, connections to the outdoor industry (if not immediately obvious), key executives, and recent editorial coverage in OBJ, where applicable.
OBJ Outdoor Index: April 2022
| Company | Ticker | Stock value 03/31/22 |
Stock Value 04/29/22 | Chg% April 鈥22 |
Market Cap 04/29/22 |
| Adidas AG | (OTC: ADDYY) | $116.82 | $100.07 | -14.34% | $40.13B |
| Anta Sports Products Ltd. | (OTC: ANPDY) | $309.27 | $288.66 | -6.66% | $31.63B |
| Callaway Golf Co. | (NYSE: ELY) | $23.42 | $21.94 | -6.32% | $3.88B |
| Camping World Holdings Inc. | (NYSE: CWH) | $27.95 | $25.68 | -8.12% | $1.25B |
| Canada Goose Holdings Inc. | (NYSE: GOOS) | $26.33 | $21.77 | -17.32% | $2.36B |
| Canadian Tire Corp. | (OTC: CDNAF) | $153.69 | $138.57 | -9.84% | $8.56B |
| Clarus Corp. | (Nasdaq: CLAR) | $22.78 | $22.33 | -1.98% | $833.82M |
| Columbia Sportswear Co. | (Nasdaq: COLM) | $90.53 | $82.16 | -9.25% | $5.13B |
| Compass Diversified | (NYSE: CODI) | $23.77 | $21.86 | -8.04% | $1.42B |
| Deckers Outdoor Corp. | (NYSE: DECK) | $273.77 | $265.75 | -2.93% | $7.28B |
| Dick鈥檚 Sporting Goods Inc. | (NYSE: DKS) | $100.02 | $96.42 | -3.60% | $7.73B |
| Dometic Group AB* | (STO:DOM.ST) | $8.74 | $鈥嬧赌8.71 | -0.34% | $25.90B |
| Emerald Holding Inc. | (NYSE: EEX) | $3.40 | $2.69 | -20.88% | $181.05M |
| Fenix Outdoor International听AG* | (STO: FOI-B) | $113.74 | $89.98 | -20.89% | $11.90B |
| Garmin Ltd. | (Nasdaq: GRMN) | $118.61 | $109.74 | -7.48% | $21.35B |
| GoPro Inc. | (Nasdaq: GPRO) | $8.53 | $8.92 | -4.57% | $1.43B |
| Helen of Troy Ltd. | (Nasdaq: HELE) | $195.84 | $214.51 | -9.53% | $4.89B |
| Johnson Outdoors Inc. | (Nasdaq: JOUT) | $77.73 | $76.48 | -1.61% | $787.63M |
| Newell Brands Inc. | (Nasdaq: NWL) | $21.41 | $23.15 | 8.13% | $9.48B |
| On Holding AG | (NYSE: ONON) | $25.24 | $24.97 | -1.07% | $7.74B |
| Samsonite International SA | (OTC: SMSEY) | $11.05 | $10.97 | -0.72% | $3.23B |
| Solo Brands, Inc.听 | (NYSE: DTC) | $8.53 | $5.97 | -30.01% | $398.79M |
| Thule Group AB | (OTC: THUPY) | $20.20 | $16.15 | -20.05% | $3.52B |
| Vail Resorts Inc. | (NYSE: MTN) | $260.27 | $254.16 | -2.35% | $10.26B |
| VF Corp. | (NYSE: VFC) | $56.86 | $52.00 | -8.55% | $19.85B |
| Vista Outdoor Inc. | (NYSE: VSTO) | $35.69 | $35.23 | -1.29% | $20.08B |
| Wolverine World Wide Inc. | (NYSE: WWW) | $22.56 | $19.82 | -12.15% | $1.62B |
| Yeti Holdings Inc. | (NYSE: YETI) | $59.98 | $48.87 | -18.52% | $4.48B |
| OBJ Outdoor Index Total/Avg. | $2216.73 | $2087.53 | -5.83% |
*Currency converted from Swedish krona
OBJ Outdoor Index: Company Guide
Adidas听AG听(OTC: ADDYY)
- Headquarters:听Herzogenaurach, Germany (U.S. operation is based in Portland, Oregon)
- Outdoor connection:听While听Adidas听might be known for its athletic apparel, the company also possesses some core outdoor DNA through its Portland, Oregon-based听Adidas Terrex听and听Five Ten听brands.
- Key executives: Kasper Rorsted, CEO; Carla Murphy, GM, Adidas Outdoor
AntaSports Products Ltd.听(OTC: ANPDY)
- Headquarters:听Xiamen, China (subsidiary Amer Sports is based in Helsinki, Finland, and its U.S. operation is based in Ogden, Utah)
- Outdoor connection: Anta is the owner of Amer Sports and its portfolio of outdoor and snow sports brands 鈥 Salomon,听础谤肠鈥檛别谤测虫,听Armada Skis, and听Atomic.
- Key executives: Jie Zheng, CEO, Amer Sports
Callaway听Golf Co.听(NYSE: ELY)
- Headquarters:听Carlsbad, California
- Outdoor connection:听Though primarily a golf manufacturer and now the owner of Topgolf, the company made a big play in the outdoor space in late 2018 with the acquisition of European outdoor brand听Jack Wolfskin.
- Key executives: Oliver Brewer, president and CEO, Callaway; Richard Collier, CEO, Jack Wolfskin; Diana Seung, GM, Jack Wolfskin North America
Camping World Holdings Inc.听(NYSE: CWH)
- Headquarters:听Lincolnshire, Illinois
- Key executives: Marcus Lemonis, CEO
Canada Goose听Holdings Inc.听(NYSE: GOOS)
- Headquarters:听Toronto, Ontario
- Outdoor connection: In addition to its eponymous apparel brand,听Canada Goose听owns and operates footwear brand Baffin.
- Key executives: Dani Reiss, CEO
Canadian Tire Corp.听(OTC: CDNAF)
- Headquarters:听Toronto, Ontario
- Outdoor connection:听CTC boasts an iconic outdoor brand,听Helly Hansen, in its portfolio. (It also operates a chain of sporting goods retail stores throughout Canada.)
- Key executives: Paul Stoneham, CEO, Helly Hansen (departing)
Clarus Corp.听(Nasdaq: CLAR)
- Headquarters:听Salt Lake City, Utah
- Outdoor connection:听Clarus is a holding company whose flagship outdoor brand is听Black Diamond Equipment. Clarus also owns听Rhino-Rack,听Pieps,听SKINourishment听plus two bullet manufacturers.
- Key executives: John Walbrecht, president
Columbia Sportswear Co.听(Nasdaq: COLM)
- Headquarters:听Portland, Oregon
- Outdoor connection:听In addition to the听Columbia听brand,听the Portland-based apparel and footwear giant includes听Mountain Hardwear,听prAna, and听Sorel in its portfolio.
- Key executives: Timothy Boyle, CEO
Compass Diversified听(NYSE: CODI)
- Headquarters:听Westport, Connecticut
- Outdoor connection:听Long known for its hook-and-bullet assets, CODI added a big outdoor name in the fall of 2020 with the acquisition of听Boa Technology Inc.
- Key executives: Shawn Neville, CEO, Boa Technology
Deckers听Outdoor Corp.听(NYSE: DECK)
- Headquarters:听Goleta, California
- Outdoor connection:听Deckers is a major player in outdoor and active footwear with such brands as听Hoka One One,听Teva,听Sanuk, and听Ugg.
- Key executives: Wendy Yang, president, performance lifestyle brands
Dick鈥檚 Sporting Goods Inc.听(NYSE: DKS)
- Headquarters:听Pittsburgh, Pennsylvania
- Outdoor connection:听The sporting goods retail giant recently launched an outdoor store concept called听Public Lands, led by industry veteran Todd Spaletto.
- Key executives: Lauren Hobart, president and CEO; Todd Spaletto, president, Public Lands
Dometic Group AB听(STO: DOM.ST)
- Headquarters:听Stockholm, Sweden
- Outdoor connection:听The Swedish-based company manufactures听accessories for mobile-living end markets such as campers and RVs, and it recently acquired听Igloo Products Corp.
- Key executives: Juan Vargues, president and CEO
Emerald Holding Inc.听(NYSE: EEX)
- Headquarters:听San Juan Capistrano, California
- Outdoor connection:听Emerald is the owner and operator of the twice-annual听Outdoor Retailer听and听Surf Expo听trade shows
- Key executives: Herv茅 Sedky, CEO
Fenix Outdoor International听AG听(OTC: FNXTF)听
- Headquarters:听Zug, Switzerland (U.S. headquarters in Louisville, Colorado)
- Outdoor connection:听The Swiss company鈥檚 outdoor brands include听Fjallraven,听Royal Robbins, and听Primus.
- Key executives: Martin Nordin, CEO; Nathan Dopp, CEO Americas
Garmin听Ltd.听(Nasdaq: GRMN)
- Headquarters:听Schaffhausen, Switzerland (U.S. headquarters in Olathe, Kansas)
- Key executives: Clifton Pemble, president and CEO
GoPro听(Nasdaq: GPRO)
- Headquarters:听San Mateo, California
- Key executives: Nick Woodman, CEO
Helen of Troy Ltd.听(Nasdaq: HELE)
- Headquarters:听El Paso, Texas
- Outdoor connection:听Among its many consumer brands is听Hydro Flask, the maker of insulated and stainless steel drinkware, and听Osprey.
- Key executives: Julien Mininberg, CEO
Johnson Outdoors Inc.听(Nasdaq: JOUT)
- Headquarters:听Racine, Wisconsin
- Outdoor connection:听The company owns two outdoor brands (Eureka听and听Jetboil) and two watercraft brands (Old Town听and听Ocean Kayak).
- Key executives: Helen P. Johnson-Leipold, chairman and CEO
On Holding AG听(NYSE: ONON)
- Headquarters:听Zurich, Switzerland
- Outdoor connection:听The running shoe brand recently went public, pricing its IPO of 31.1 million shares at $24 a share鈥攗p from its initial expectations鈥攆or an initial raise of $746 million.
- Key executives: Martin Hoffmann, co-CEO and CFO, Marc Maurer, co-CEO, and Olivier Bernhard, co-Founder and executive director
Newell Brands听Inc.听(Nasdaq: NWL)
- Headquarters:听Atlanta, Georgia
- Outdoor connection:听The company鈥檚 core outdoor brands are听Marmot听and听Coleman听(and there is some crossover into outdoor with its other consumer brands听Contigo,听Ex Officio, and听Stearns)
- Key executives: Ravi Saligram, CEO
Samsonite听International SA听(OTC: SMSEY)
- Headquarters:听Hong Kong
- Outdoor connection:听The luggage giant owns outdoor pack and bag brands听Gregory Mountain Products听and听High Sierra
- Key executives: John Sears, VP, Gregory
Solo Brands, Inc.听(NYSE: DTC)
- Headquarters: Southlake, Texas
- Outdoor Connection:听The growing specialty company owns Solo Stove, Oru Kayak, Chubbies and water sports company Isle.
- Key Executives:听John Merris, CEO; Samuel Simmons, CFO
Thule Group听AB听(OTC: THUPY)听
- Headquarters:听Malm枚, Sweden
- Outdoor connection:听The Swedish maker of听Thule听car racks, luggage, and baby strollers recently got into car-top campers with its purchase of听Tepui.
- Key executives: Magnus Welander, CEO; Hilary Hartley, president Americas
Vail Resorts Inc.听(NYSE: MTN)
- Headquarters:听Broomfield, Colorado
- Outdoor connection:听In addition to being the largest ski resort operator in the world, Vail also operates massive lodging and retail operations.
- Key executives: Kirsten Lynch, CEO
VF Corp.听(NYSE: VFC)
- Headquarters:听Denver, Colorado
- Outdoor connection:听One of the biggest, most influential corporations in the outdoor industry,听VF Corporation听owns and operates an 鈥渙utdoor鈥 portfolio of听The North Face,听Altra,听Icebreaker,听Smartwool,听Timberland, and an 鈥渁ctive鈥 portfolio of听Eastpak,听JanSport, and听Vans.
- Key executives: Steve Rendle, CEO
Vista Outdoor Inc.听(NYSE: VSTO)
- Headquarters:听Anoka, Minnesota
- Outdoor connection:听Vista did some rightsizing of its portfolio in recent years by shedding its firearms assets and acquiring new brands in the outdoor and shooting sports spaces. Its outdoor portfolio now consists of听CamelBak,听Camp Chef,听Bell,听Giro,听QuietKat,听Stone Glacier, and听Venor.
- Key executives: Christopher Metz, CEO
- Recent OBJ coverage:
Wolverine World听Wide Inc.听(NYSE: WWW)
- Headquarters:听Rockford, Michigan
- Outdoor connection:听Another of the big footwear players, Wolverine owns and operates such outdoor brands as听Merrell听and听Chaco, while other brands include听Wolverine,听Saucony, and听Cat Footwear.
- Key executives: Blake Krueger, CEO
Yeti Holdings Inc.听(NYSE: YETI)听
- Headquarters:听Austin, Texas
- Key executives: Matthew Reintjes, president and CEO