1. Deckers Outdoor Corporation (NYSE:DECK)
Number of Hedge Fund Holders: 52
Deckers Outdoor Corporation (NYSE:DECK) is a global leader in designing, marketing, and distributing footwear, apparel, accessories, and other outdoor equipment. It is one of the best camping stocks to buy. The company’s portfolio of brands includes UGG, HOKA, Teva, Koolaburra, and AHNU. Deckers Brands products are well-regarded among outdoor enthusiasts for their quality and performance, making them suitable for various outdoor activities, including camping.
In the second quarter of fiscal year 2025, Deckers Outdoor Corporation (NYSE:DECK) reported a significant revenue increase of 20%, reaching $1.31 billion. This growth was largely driven by strong consumer demand for HOKA and UGG products. The HOKA brand also surpassed $2 billion in revenue over the trailing twelve-month period for the very first time, showcasing its popularity among outdoor and fitness enthusiasts. New product launches, such as the Skyflow and Mach X 2, have been well-received, further enhancing HOKA’s reputation in the running and trail categories.
The company has adopted a strategic approach to expand its international presence through various channels. In Q2 2025, Deckers Outdoor Corporation (NYSE:DECK) reported that international sales grew by 33% year-over-year, indicating successful efforts to grow its international business. The company’s balance sheet is robust, with $1.22 billion in cash and no debt, providing it with the flexibility to invest in growth opportunities or enhance shareholder value.
Over the past 5 years, Deckers Outdoor Corporation (NYSE:DECK) has grown its revenue at a compound annual growth rate (CAGR) of 17%, while its net income has increased at a CAGR of 25% during the same period.
Overall, Deckers Outdoor Corporation’s (NYSE:DECK) strong financial performance and innovative product offerings make it an appealing choice for investors looking for camping stocks.
Analysts are also bullish on DECK. The 1-year median price target of $190.00 set by analysts indicates a potential upside of 11% from current levels.
According to Insider Monkey’s Q2 2024 database of over 900 hedge funds, 52 hedge funds held stakes in Deckers Outdoor Corporation (NYSE:DECK).
Overall, DECK ranks first among the 12 best RV and camping stocks to buy now. While we acknowledge the potential of RV and camping companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DECK but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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