In this article, we will explore the 12 best RV and camping stocks to buy now.
RV Industry Outlook: Steady Growth Amid Economic Challenges?
The RV and camping industry plays a vital role in promoting outdoor recreation. It provides families and individuals with affordable travel options. Currently, the RV and camping industry is experiencing notable transformation.
A key trend driving transformation and growth in the RV and camping industry is the rise in digital nomadism, a lifestyle where individuals work remotely while traveling and use technology to perform their jobs from various locations.
According to the MBO Partners 2023 State of Independence research study, 17.3 million American workers, or 11% of the workforce, identify as digital nomads. This number has seen a significant increase since the pandemic, reflecting the growing trend of remote work that allows individuals to travel while maintaining their jobs.
As a result of this growing trend of digital nomadism, the demand for RVs and camping facilities has increased, benefiting the entire industry.
According to the RV Industry Association (RVIA), RV wholesale shipments are expected to slightly increase in 2024, reaching 324,100 units, with continued growth projected for 2025. The Fall 2024 edition of RV RoadSigns, prepared by ITR Economics, indicates that shipments could rise to the mid-300,000 unit range next year
Craig Kirby, President and CEO of RVIA, noted that while high interest rates have posed challenges for the RV market, there is optimism for steady shipments in the coming months. He highlighted that consumer interest in RV travel and camping remains strong, suggesting that as interest rates decline, the industry is well-positioned for recovery.
The new forecast estimates that 2024 RV shipments can range from 311,600 to 336,600 units, with a median of 324,100 units. For 2025, the range is expected to increase to 329,900 to 362,300 units, with a median of 346,100 units. This positive outlook reflects a resilient market despite current economic pressures.
Following Donald Trump’s re-election as President, the RV industry has expressed optimism about working with the new administration on key industry priorities. Craig Kirby, President and CEO of the RV Industry Association, congratulated Trump and emphasized their readiness to collaborate with the incoming administration and Congress. The association aims to address the needs of the RV industry, its members, and RV enthusiasts across the country. Kirby highlighted the productive relationship established during Trump’s first term, which led to significant achievements like the Great American Outdoors Act.
Phil Ingrassia, President of the RV Dealers Association (RVDA), also welcomed Trump’s return to the White House, seeing it as an opportunity to promote growth in the RV industry and encourage more Americans to explore RV travel. The RVDA plans to advocate for the passage of the Travel Trailer & Camper Tax Parity Act, which would address tax disadvantages faced by some RV dealers. Additionally, the association intends to work with its partners to advance policies that improve access to national public lands, further supporting the outdoor recreation industry.
With these developments and trends in mind, let’s now explore the 12 best RV and camping stocks to buy now.
A family of four exploring a scenic mountain range in a recreational vehicle.
Methodology
To compile our list of the 12 best RV and camping stocks to buy now, we used the Finviz and Yahoo stock screeners to find the largest RV and camping companies. We also reviewed our own rankings and consulted various online resources. From an initial pool of more than 25 RV and camping stocks, we focused on the top 12 stocks most favored by institutional investors. Data for the hedge fund sentiment surrounding each stock was taken from Insider Monkey’s database of 912 elite hedge funds. The 12 best RV and camping stocks to buy now are ranked in ascending order based on the number of hedge funds holding stakes in them as of Q2 2024.
Why do we care about what hedge funds do? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
12 Best RV and Camping Stocks To Buy Now
12. Columbia Sportswear Company (NASDAQ:COLM)
Number of Hedge Fund Holders: 18
Columbia Sportswear Company (NASDAQ:COLM) is an American company that designs, develops, markets, and distributes outerwear, sportswear, and footwear, as well as headgear, camping equipment, ski apparel, and outerwear accessories under its brands, Columbia, SOREL, Mountain Hardwear, and prAna. The Columbia brand provides high-quality outdoor apparel, footwear, and gear designed for activities like hiking, trail running, fishing, and skiing. The Mountain Hardwear brand focuses on accessories and equipment products for climbers, mountaineers, skiers, snowboarders, and trail athletes.
In the third quarter of 2024, Columbia Sportswear Company (NASDAQ:COLM) reported net sales of $931.8 million, a decrease of 5% compared to the same period last year. Despite this decline, the company maintains a strong financial position with over $370 million in cash and no bank borrowings.
To drive future growth, in the third quarter, Columbia Sportswear Company (NASDAQ:COLM) launched the ACCELERATE Growth Strategy, aimed at elevating the Columbia brand and attracting younger consumers. This multi-year initiative focuses on consumer-centric changes across brand, product, and marketplace strategies. Columbia Sportswear Company (NASDAQ:COLM) is committed to creating innovative products that stand out in the market while enhancing consumer experiences through improved engagement and digital capabilities.
The company is focused on innovation and it plans to develop iconic and innovative products that are functional and differentiated. Columbia Sportswear Company (NASDAQ:COLM) also aims to amplify its presence in the marketplace through enhanced retail partnerships and a stronger online presence. These strategic investments are expected to foster brand loyalty and drive profitable growth.
In the last ten years, Columbia Sportswear Company (NASDAQ:COLM) has seen its revenue grow at a compound annual growth rate (CAGR) of 5%, with net income rising at a CAGR of 6%. The company’s levered free cash flow has experienced remarkable growth, with a CAGR of 27% during the same period.
COLM ranks among the best RV and camping stocks to buy. As of the second quarter of 2024, Columbia Sportswear Company (NASDAQ:COLM) was held by 18 hedge funds, according to Insider Monkey’s database.
11. LCI Industries (NYSE:LCII)
Number of Hedge Fund Holders: 19
LCI Industries (NYSE:LCII) is a manufacturing, distribution, and retail company that is best known for its subsidiary, Lippert Components, Inc., which supplies engineered components to the outdoor recreation and transportation markets. The company provides a wide range of products for recreational vehicles (RVs), boats, and prefab homes, as well as serving adjacent markets like hospitality and agriculture.
On May 7, 2024, LCI Industries (NYSE:LCII) announced the acquisition of the furniture business assets from CWDS, LLC, a subsidiary of Camping World Holdings, effective May 3, 2024. This strategic move enhances Lippert’s furniture portfolio and aims to improve customer experience by offering a broader selection of products and innovative solutions tailored for RV and marine markets.
In the third quarter of 2024, the company reported net sales of $915 million, which represents a 5% decrease year-over-year. However, net income rose to $36 million, or $1.39 per diluted share, marking a 38% increase from the same quarter in 2023. Additionally, EBITDA increased by 8% to $85 million, demonstrating robust operational performance despite challenges in the RV and marine industries.
LCI Industries (NYSE:LCII) has successfully expanded its market share in key areas such as appliances, awnings, chassis, furniture, and windows, which together account for over 70% of its North American RV OEM business. Innovative products like the CURT towing and suspension line showcased at the September Open House have contributed to this growth.
LCI Industries’ (NYSE:LCII) strategic acquisitions and focus on innovation position it well for future success in the RV sector. According to Insider Monkey’s database, 19 hedge funds held stakes in LCI Industries (NYSE:LCII) in the second quarter of 2024.
10. Winnebago Industries, Inc. (NYSE:WGO)
Number of Hedge Fund Holders: 19
Winnebago Industries, Inc. (NYSE:WGO) is an American manufacturer of outdoor recreation products, including RVs and boats. The company designs and develops motorhomes, travel trailers, fifth-wheel products, outboard and sterndrive powerboats, pontoons, and commercial community outreach vehicles.
In the fourth quarter of fiscal 2024, Winnebago Industries, Inc. (NYSE:WGO) reported revenues of $720.9 million, down 6.5% from the same quarter in the previous year. Operating expenses rose significantly to $112.0 million, a 60.4% increase year-over-year, largely due to a $30.3 million impairment charge related to the Chris-Craft division, costs associated with launching the Grand Design motorized business, and strategic investments in engineering, digital technology development, and enhanced data and information technology capabilities.
Despite facing a challenging retail environment in the RV and marine industries, Winnebago Industries, Inc. (NYSE:WGO) is committed to returning to growth. The company has made key leadership changes in its Winnebago Motorhome and Towables businesses to address operational and financial challenges.
The company recently launched its new Lineage Series M from Grand Design in the Motorhome RV segment. The new vehicle was showcased at the Hershey RV show and RV Dealer Open House in September. The positive response from consumers and dealers indicates strong market interest. A small number of units also began shipping in the fourth quarter of the fiscal 2024.
By investing in strategic initiatives and enhancing product offerings, Winnebago Industries, Inc. (NYSE:WGO) aims to strengthen its market position.
According to Insider Monkey’s database, 19 hedge funds held stakes in Winnebago Industries, Inc. (NYSE:WGO) in the second quarter of 2024. WGO ranks among the top 10 on our list of the best RV and camping stocks to buy now.
9. Polaris Inc. (NYSE:PII)
Number of Hedge Fund Holders: 20
Polaris Inc. (NYSE:PII) is an American automotive manufacturer and recreation vehicle company. It designs and manufactures power sports vehicles, including off-road vehicles, all-terrain vehicles, snowmobiles, and side-by-side vehicles.
In the third quarter of 2024, Polaris Inc. (NYSE:PII) reported sales of $1.72 billion, reflecting a significant decline of 23% compared to the previous year. This drop in sales is largely attributed to ongoing challenges in consumer confidence and retail demand.
To address these market conditions, the company is focusing on managing dealer inventory and improving operational efficiency. Polaris Inc. (NYSE:PII) aims to reduce dealer inventory by 15% to 20% by year-end, which is essential for maintaining a healthy dealer network and long-term success. Despite the current retail challenges, Polaris Inc. (NYSE:PII) remains committed to innovation and cost management, which are vital for achieving its growth targets and enhancing shareholder value.
Polaris Inc. (NYSE:PII) announced plans to lower production and shipments to protect its dealer network in July, which contributed to the sales decline in Q3. While these decisions negatively impacted short-term results, they were necessary to support strong dealer partnerships. The company also reported a 7% decrease in retail sales, driven by persistent inflation and high interest rates affecting consumer spending.
Despite market challenges, Polaris Inc. (NYSE:PII), as an industry leader in innovation, continues to invest strategically in research and development. The company has made new product introductions over the past 18 months, and it plans to enter 2025 with the most compelling lineup of products.
Overall, Polaris Inc.’s (NYSE:PII) focus on operational efficiency and commitment to innovation make it one of the best RV stocks.
According to Insider Monkey’s database of over 900 hedge funds, 20 hedge funds held stakes in Polaris Inc. (NYSE:PII) in Q2 2024. Additionally, the 12-month median price target for Polaris Inc.’s (NYSE:PII) stock set by analysts indicates a potential increase of almost 9% from the stock’s current price.
8. Patrick Industries, Inc. (NASDAQ:PATK)
Number of Hedge Fund Holders: 21
Patrick Industries, Inc. (NASDAQ:PATK) is a leading manufacturer and distributor of component products and building materials for recreational vehicles (RVs), manufactured housing, marine applications, and other industrial markets. The company offers more than 85 brands, and its products are found in millions of recreational and marine vehicles, homes, schools, and offices.
In the third quarter of 2024, the company reported net sales of $919 million, reflecting a 6% increase compared to the same period last year. This growth was primarily driven by a 13% rise in housing revenue, which helped offset a 21% decline in marine revenue. Despite challenges in the recreational vehicle market, Patrick Industries, Inc. (NASDAQ:PATK) has maintained strong operational performance.
Patrick Industries, Inc. (NASDAQ:PATK) is focused on three key strategies: diversification, advanced product innovation, and acquisitions. By leveraging its diverse portfolio, the company is focused on adapting to changing consumer preferences while maintaining a competitive edge. Patrick Industries, Inc. (NASDAQ:PATK) is strategically making investments in automation to enhance scalability and quality.
The company’s commitment to innovation is evident through its Advanced Product Group and Patrick’s individual brands, which continue to develop next-generation solutions. In the Q3 2024 earnings call, Patrick Industries, Inc.’s (NASDAQ:PATK) management shared that the company’s new proprietary composite board, known as MTXT, is achieving significant adoption among RV customers who are seeking innovative, lightweight, and sustainable solutions.
On September 9, Patrick Industries, Inc. (NASDAQ:PATK) completed the acquisition of RecPro, a leading e-commerce business and aftermarket platform specializing in creating and marketing component products, systems, and solutions for the RV and marine end markets. According to Patrick Industries, Inc. (NASDAQ:PATK), RecPro is expected to generate approximately $80 million in revenue in 2024.
Overall, the company’s strategic focus on innovation, diversification, and acquisitions positions it well for future growth in the RV sector.
Over the past 10 years, Patrick Industries, Inc. (NASDAQ:PATK) has grown its revenue and net income at a compound annual growth rate (CAGR) of 18%.
According to Insider Monkey’s database of over 900 hedge funds, 21 hedge funds held stakes in Patrick Industries, Inc. (NASDAQ:PATK) in Q2 2024, an increase from 18 hedge funds in Q1 2024.
7. REV Group, Inc. (NYSE:REVG)
Number of Hedge Fund Holders: 22
REV Group, Inc. (NYSE:REVG) is an American company that is engaged in the design and manufacture of specialty and recreational vehicles and related aftermarket parts and services. REVG is one of the best RV and camping stocks to buy now.
In the third quarter of 2024, the company reported net sales of $579.4 million, down from $680 million in the same quarter last year. However, net income increased to $18 million, or $0.35 per diluted share, compared to $14.9 million, or $0.25 per diluted share, in Q3 2023.
The decline in sales was primarily due to challenges in the Recreational Vehicles segment, where consumer discretionary spending has been affected. Despite these market conditions, REV Group, Inc. (NYSE:REVG) is actively working to manage costs and align its operations with market demand. The company reported a notable increase in adjusted EBITDA. In Q3 2024, REV Group, Inc. (NYSE:REVG) achieved an adjusted EBITDA of $45.2 million, an increase from $39.4 million in the same quarter of the previous year.
Looking ahead, the company is focusing on strategic initiatives to enhance its market position. On October 18, REV Group, Inc. (NYSE:REVG) announced that it has finalized the sale of ElDorado National (California), Inc. (ENC) to Rivaz, Inc. for approximately $52 million. This transaction is part of the company’s plan to exit the bus manufacturing business, allowing it to concentrate on its core segments.
REV Group (NYSE:REVG) is committed to innovation and quality in its recreational vehicles. The company showcased new and innovative model year 2025 units at the Hershey RV show and Elkhart RV Dealer Open House in September.
As of the second quarter of 2024, REVG was held by 22 hedge funds, according to Insider Monkey’s database.
6. Camping World Holdings, Inc. (NYSE:CWH)
Number of Hedge Fund Holders: 23
Camping World Holdings, Inc. (NYSE:CWH) is an American company that engages in selling recreational vehicles (RVs), recreational vehicle parts, and related services. Through its Good Sam organization, the company offers specialized services and plans, including roadside assistance, protection plans, and insurance. The company has RV sales and service locations in 43 states.
In the third quarter of 2024, Camping World Holdings, Inc. (NYSE:CWH) reported revenues of $1.7 billion, which was a slight decrease of $4.6 million or 0.3% from the previous year. However, new vehicle sales saw a significant increase, generating a revenue of $824.9 million, up 21.5% with unit sales rising by 31.2%. This growth in new vehicle sales indicates strong demand and market performance.
The company achieved positive growth in combined same-store unit sales for the first time in ten quarters, with same-store new unit sales increasing by 29% year-over-year. This performance reflects Camping World Holdings, Inc.’s (NYSE:CWH) ability to adapt and thrive despite industry challenges.
In the Q3 2024 earnings call, the company’s management shared that Camping World Holdings, Inc. (NYSE:CWH) has achieved a record market share of nearly 11% in the combined new and used RV market. This growth in market share is driven by strong performance in new unit sales and strategic initiatives that position the company as a leader in the industry.
The company’s growth strategy focuses on three key areas: distribution, product offerings, and market-making capabilities. Camping World Holdings, Inc. (NYSE:CWH) has managed to grow its dealership network to over 200 locations at the end of the third quarter. Additionally, in the Q3 2024 earnings call, the company’s management reported that nearly 36% of new unit sales come from exclusive contract-manufactured RVs, enhancing its competitive edge.
CWH is one of the best RV and camping stocks to buy now. As of the second quarter of 2024, Camping World Holdings, Inc. (NYSE:CWH) was held by 23 hedge funds, according to Insider Monkey’s database.
Analysts have a positive outlook on CWH. Analysts have a consensus buy rating on the stock and the 12-month median price target set by analysts indicates a potential increase of 18% from the stock’s current price.
5. THOR Industries, Inc. (NYSE:THO)
Number of Hedge Fund Holders: 28
THOR Industries, Inc. (NYSE:THO) is a leading American company that engages in the manufacture and sale of recreational vehicles (RVs) and travel tools. Since going public in 1984, the company has expanded significantly through both organic growth and strategic acquisitions. Today, THOR Industries, Inc. (NYSE:THO) is the sole owner of operating companies that, combined, represent the world’s largest manufacturer of recreational vehicles.
In the fourth quarter of fiscal 2024, the company reported net sales of $2.53 billion, which reflects a decrease of 7.4% compared to the same quarter in fiscal 2023. Despite this decline, THOR Industries, Inc. (NYSE:THO) successfully repurchased $25.4 million in shares during the quarter, totaling $68.4 million for the entire fiscal year. This indicates a strong commitment to returning value to shareholders.
The company’s management is focused on improving operational efficiency amid ongoing challenges in the retail environment. THOR Industries, Inc. (NYSE:THO) has managed to improve profit margins by implementing strategic initiatives and making internal improvements, even as net sales declined. The company’s disciplined production approach helps keep dealer inventories aligned with retail demand, which is crucial for protecting margins in a tough market.
As of July 31, 2024, THOR Industries, Inc.’s (NYSE:THO) liquidity stood at approximately $1.32 billion. This robust financial position allows THOR to navigate market challenges effectively while pursuing long-term strategic goals.
Overall, THOR Industries, Inc.’s (NYSE:THO) strong market position, commitment to operational efficiency, and solid financial health make it an attractive stock for investors interested in the RV and camping sector. THO ranks among the top 5 on our list of the best RV and camping stocks to buy now.
As of the second quarter of 2024, THOR Industries, Inc. (NYSE:THO) was held by 28 hedge funds, according to Insider Monkey’s database. Madison Investments stated the following regarding THOR Industries, Inc. (NYSE:THO) in its “Madison Mid Cap Fund” second-quarter 2024 investor letter:
“We also made two adds and two trims during the quarter. We added to Brown-Forman and THOR Industries, Inc. (NYSE:THO). A high interest rate environment has taken its toll on RV sales and the industry leader, Thor Industries. We are confident that management is making the right decisions to weather this storm and emerge in a stronger position.”
4. YETI Holdings, Inc. (NYSE:YETI)
Number of Hedge Fund Holders: 31
YETI Holdings, Inc. (NYSE:YETI) designs, retails and distributes innovative products for the outdoor and recreation market. The company caters to various outdoor activities such as camping, hunting, fishing, barbecue, and other activities, making its products ideal for outdoor enthusiasts.
In Q2 2024, the company highlighted the success of its innovative cooler designs, which are expected to drive growth in the second half of 2024. YETI Holdings, Inc. (NYSE:YETI) is also expanding its drinkware line, enhancing customer engagement through strong social media presence and global sales performance. This focus on innovation and customer satisfaction positions YETI well in the competitive outdoor and camping market.
YETI Holdings, Inc. (NYSE:YETI) is investing to strengthen its presence in Asia and Europe and expand its logistics capabilities. These efforts support the company’s goal of efficiently scaling operations while diversifying its global supply chain. During the third quarter of 2024, the company commenced production at its second drinkware facility outside of China.
In Q3 2024, the company introduced several exciting new products, with a focus on its drinkware segment while also expanding into bar and tableware and entering the premium cookware market. The company’s global business also performed extremely well, with the brand’s international sales increasing for the fourth straight quarter by over 30%.
YETI Holdings, Inc. (NYSE:YETI) reported a 10% increase in net sales in Q3 2024, with coolers and equipment sales rising by 12%. Drinkware sales grew by 9% year-over-year. The company’s US sales increased by 7% while international sales surged by 30%, reflecting strong demand across all channels. The company also achieved a 32% increase in net income to $56.3 million, demonstrating effective management and operational efficiency.
YETI ranks among the best RV and camping stocks to buy. Over the past 5 years, YETI Holdings, Inc. (NYSE:YETI) has managed to grow its revenue at a compound annual growth rate (CAGR) of 16%, while its net income has increased at a CAGR of 23%.
According to Insider Monkey’s database, 31 hedge funds held stakes in YETI Holdings, Inc. (NYSE:YETI) in the second quarter of 2024. Additionally, the median 1-year stock price target for YETI set by analysts indicates a potential upside of 17% from its current price.
3. DICK’S Sporting Goods, Inc. (NYSE:DKS)
Number of Hedge Fund Holders: 34
DICK’S Sporting Goods, Inc. (NYSE:DKS) is an American retailer of sporting goods, camping and hiking gear, and picnic supplies. With more than 850 stores and a robust online presence, the company is the leading omnichannel sporting goods retailer in the US.
In April 2021, the company launched its first DICK’S House of Sport, a new retail concept designed to offer an immersive experience. House of Sport stores feature amenities like a turf field and batting cages, allowing customers to engage in various sports activities beyond just purchasing equipment. This innovative approach is part of DICK’S Sporting Goods, Inc.’s (NYSE:DKS) strategy to enhance customer engagement and create a unique shopping environment.
DICK’S Sporting Goods, Inc. (NYSE:DKS) is also expanding its Field House locations, which are inspired by the House of Sport concept. These stores include interactive experiences and improved service, contributing to strong performance metrics. During the second quarter of 2024, DICK’S opened 4 new Field House locations to bring the total to 17 stores. The company plans to add nine more by year-end. This expansion reflects the company’s commitment to enhancing the customer experience through innovative retail formats.
Financially, DICK’S Sporting Goods, Inc. (NYSE:DKS) has shown impressive growth. In Q2 2024, the company reported net sales of $3.47 billion, a 7.8% increase from the same quarter in the previous year. Earnings per share rose by 55% to $4.37, demonstrating effective execution of its long-term strategies. The company has also raised its full-year guidance for comparable sales growth to between 2.5% and 3.5%, indicating confidence in continued momentum.
The company is also investing in digital capabilities, including enhancements to its website and mobile app, further supporting its omnichannel strategy. Features like 3D viewing for footwear and AI-powered chat tools enhance the online shopping experience.
DKS is one of the best RV and camping stocks to buy. According to Insider Monkey’s database, DICK’S Sporting Goods, Inc. (NYSE:DKS) has gained significant interest from institutional investors, with the number of hedge fund holders increasing to 34 in Q2 2024, up from 28 in the previous quarter.
2. Brunswick Corporation (NYSE:BC)
Number of Hedge Fund Holders: 35
Brunswick Corporation (NYSE:BC) is a major player in the global marine recreation industry, boasting over 60 well-known brands, including Mercury Marine, Sea Ray, Boston Whaler, and Bayliner. Through its brands, the company develops, manufactures, and markets recreational boats and other products and services. Brunswick Corporation (NYSE:BC) is focused on enhancing its product offerings and operational efficiency, which positions it as a strong investment opportunity.
In the third quarter of 2024, the corporation reported net sales down 20% compared to the same period last year, primarily due to challenges in the US retail marine market. However, the transition to a new distribution facility in Indiana has improved efficiency, contributing to modest international sales growth. This strategic move indicates Brunswick Corporation’s (NYSE:BC) commitment to optimizing operations and adapting to market conditions.
Brunswick Corporation’s (NYSE:BC) acquisition of Navico in October 2021 for $1.05 billion has also strengthened its position in marine electronics and sensors. The integration of Navico’s brands like Lowrance and Simrad allows the corporation to offer advanced technologies. For instance, in the third quarter of 2024, the Lowrance brand launched the new Lowrance Eagle Eye 9″, the first entry-level fish finder in the market to offer live sonar capability.
These innovations and new product launches in the marine recreation industry position Brunswick Corporation (NYSE:BC) well for future growth.
Additionally, on October 16, Brunswick Corporation (NYSE:BC) announced that it is expanding its product range in the North American market with the introduction of NAVAN boats at the 2024 Fort Lauderdale International Boat Show. Previously launched in Europe, these models feature innovative designs and advanced technologies that enhance performance and comfort, appealing to a broader audience of boating enthusiasts.
In the Q3 2024 earnings call, the company’s management highlighted the corporation’s strong cash flow has allowed Brunswick Corporation (NYSE:BC) to complete $190 million of share repurchases so far this year, reflecting its commitment to returning value to shareholders.
On October 25, TipRanks reported that Roth MKM analyst Scott Stember reaffirmed a Buy rating on Brunswick Corporation (NYSE:BC) with a price target of $91.00.
Overall, analysts have a positive outlook on Brunswick Corporation (NYSE:BC). The 12-month median price target of $93.00 set by analysts indicates a potential increase of 10% from the stock’s current price.
As one of the best RV stocks, Brunswick Corporation (NYSE:BC) was held by 35 hedge funds in Q2 2024, according to Insider Monkey’s database.
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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