5 Best RV and Camping Stocks To Invest In

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1. Deckers Outdoor Corporation (NYSE:DECK)

Number of Hedge Fund Holders: 38

Deckers Outdoor Corporation (NYSE:DECK) is a major sporting goods retailer primarily operating in the United States. The company offers a diverse range of products, including sporting goods equipment, fitness equipment, golf gear, hunting and fishing equipment, apparel, footwear, and accessories. Deckers Outdoor Corporation (NYSE:DECK) is one of the best RV and camping stocks to invest in. 

On February 15, Evercore ISI analyst Jesalyn Wong assigned an Outperform rating to Deckers Outdoor Corporation (NYSE:DECK), considering it one of the best plays in the footwear sector. The analyst highlighted the company’s high-quality growth profile and a portfolio of distinctive brands maintaining strong brand momentum across different metrics. Additionally, Wong observed that Deckers has a potential margin expansion story, adding to its positive growth outlook.

According to Insider Monkey’s fourth quarter database, 38 hedge funds were bullish on Deckers Outdoor Corporation (NYSE:DECK), compared to 42 funds in the last quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the biggest stakeholder of the company, with 404,745 shares worth $270.5 million. 

The London Company SMID Cap Strategy stated the following regarding Deckers Outdoor Corporation (NYSE:DECK) in its fourth quarter 2023 investor letter:

“Deckers Outdoor Corporation (NYSE:DECK) – DECK thoughtfully manages top brands in the footwear industry, which has allowed them to outperform other retailers in the current environment. UGG and HOKA are benefitting from brand heat, and management stays focused on acquiring and retaining customers. The company continues to diversify revenue through the growth of HOKA (non- seasonal), and the expansion of UGG into new categories. The cash balance sheet with no debt provides an additional element of downside protection.”

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