5 Best RV and Camping Stocks To Invest In

In this article, we discuss 5 best RV and camping stocks to invest in. If you want to read our discussion on the RV and camping market, head over to 11 Best RV and Camping Stocks To Invest In. 

5. THOR Industries, Inc. (NYSE:THO)

Number of Hedge Fund Holders: 21

THOR Industries, Inc. (NYSE:THO) specializes in the design, manufacturing, and sale of recreational vehicles. The company offers a variety of RVs, including travel trailers, Class A, Class B, and Class C motorhomes, conventional travel trailers, fifth wheels, luxury fifth wheels, as well as motorcaravans, caravans, campervans, and urban vehicles. THOR Industries, Inc. (NYSE:THO) ranks 5th on our list of the best RV and camping stocks. THOR paid a $0.48 per share quarterly dividend to shareholders on January 11. 

According to Insider Monkey’s fourth quarter database, 21 hedge funds held stakes in THOR Industries, Inc. (NYSE:THO), compared to 24 in the prior quarter. Harris Associates is the leading stakeholder of the company, with 2.68 million shares worth $317.3 million. 

Here is what Ave Maria specifically said about Thor Industries, Inc. (NYSE:THO) in its Q2 2022 investor letter:

“During the first half of the year, two new companies were added to the Fund: Thor Industries, Inc. (NYSE:THO), recreational vehicles) and RH (RH, home products store). Both were beneficiaries of COVID lockdowns and stimulus payments to consumers. Shares of both companies sold off from their highs and are currently out of favor with most investors, which we believe make them deeply undervalued.”

4. Camping World Holdings, Inc. (NYSE:CWH)

Number of Hedge Fund Holders: 23

Camping World Holdings, Inc. (NYSE:CWH) operates in the recreational vehicle retail industry through two segments – Good Sam Services and Plans, and RV and Outdoor Retail. The company offers a range of services, protection plans, products, and resources in the RV sector, including extended vehicle service contracts, roadside assistance plans, insurance programs, travel protection, and planning services. Camping World Holdings, Inc. (NYSE:CWH) is one of the best RV stocks to watch. 

On February 20, Camping World Holdings, Inc. (NYSE:CWH) declared a $0.125 per share quarterly dividend, in line with previous. The dividend is payable on March 29, to shareholders on record as of March 14. 

According to Insider Monkey’s fourth quarter database, 23 hedge funds were bullish on Camping World Holdings, Inc. (NYSE:CWH), compared to 22 funds in the earlier quarter. David Abrams’ Abrams Capital Management is the largest stakeholder of the company, with 5.10 million shares worth $134 million. 

3. Polaris Inc. (NYSE:PII)

Number of Hedge Fund Holders: 25

Polaris Inc. (NYSE:PII) specializes in designing, engineering, manufacturing, and marketing powersports vehicles internationally. The company operates through three segments – Off-Road, On-Road, and Marine. Its product offerings include off-road vehicles (ORVs) such as all-terrain vehicles and side-by-side vehicles, military and commercial ORVs, snowmobiles, motorcycles, moto-roadsters, quadricycles, and boats. It is one of the best RV stocks to invest in. 

On February 1, Polaris Inc. (NYSE:PII) declared a $0.66 per share quarterly dividend, a 1.5% increase from its prior dividend of $0.65. The dividend is payable on March 15, to shareholders on record as of March 1. 

According to Insider Monkey’s fourth quarter database, 25 hedge funds were bullish on Polaris Inc. (NYSE:PII), compared to 23 funds in the earlier quarter. Anand Parekh’s Alyeska Investment Group is the largest stakeholder of the company, with 730,351 shares worth $69.2 million. 

Diamond Hill Capital made the following comment about Polaris Inc. (NYSE:PII) in its Q3 2022 investor letter:

“Other top contributors included Polaris Inc. (NYSE:PII), BOK Financial and Webster Financial. Polaris, a market leader in off-road vehicles, benefited from a restocking opportunity — inventory at dealers remains depleted, which can serve to offset near-term macroeconomic headwinds. The company also is perceived to be somewhat recession-resilient given its strong financial performance during and after the 2008 financial crisis. We took the opportunity to conclude our investment as we have increased concerns over rising competition, supply chain issues related to sourcing semiconductors and the business’s higher-than-perceived cyclicality.”

2. DICK’S Sporting Goods, Inc. (NYSE:DKS)

Number of Hedge Fund Holders: 32

DICK’S Sporting Goods, Inc. (NYSE:DKS) is a sporting goods retailer primarily operating in the United States. The company offers a wide range of products, including sporting goods equipment, fitness equipment, golf equipment, hunting and fishing gear, apparel, footwear, and accessories. It owns and operates specialty concept stores such as Sporting Goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone!, and more. 

On December 5, DICK’S Sporting Goods, Inc. (NYSE:DKS) entered a multi-year partnership with Notre Dame Global Partnerships, becoming the official sporting goods retailer for Notre Dame Athletics. The collaboration aims to unite fans and student-athletes, emphasizing integration within the Notre Dame community.

According to Insider Monkey’s fourth quarter database, 32 hedge funds were long DICK’S Sporting Goods, Inc. (NYSE:DKS), compared to 25 funds in the last quarter. Stephen Mandel’s Lone Pine Capital is the largest stakeholder of the company, with 2.92 million shares worth $429.5 million. 

Emeth Value Capital made the following comment about DICK’S Sporting Goods, Inc. (NYSE:DKS) in its Q2 2023 investor letter:

“For as often as the phrase “a private equity approach to public markets” is repeated, it is surprising to observe the great divide that exists between even very sophisticated long-term investors in public and private markets. There is perhaps no more well-trodden battleground than that of valuation marks. Public investors, particularly in times of market stress, are quick to express frustration that private equity portfolios are not marked to market. The title of Cliff Asness’ recent opinion piece in Institutional Investor captures the sentiment well, “Why Does Private Equity Get to Play Make-Believe With Prices?”. The level of discontent is surprising for two reasons: first, the difference in methodology is quite easily understood, and second, contrary to public markets gospel, it is evident that liquidity and the discovery of value are in no way synonymous. Indeed, they may be opposing forces more often than not. At the risk of oversimplifying, one can think of private equity marks as single-variable valuations, while public equity marks are dual-variable valuations. Both incorporate the level of earnings in a business, but while multiples are held relatively constant in private equity marks, public market marks also incorporate sentiment in the form of a changing multiple. The problem is that Mr. Market tends to change his opinion quite often. Consider the case of one of our former portfolio companies, DICK’S Sporting Goods, Inc. (NYSE:DKS)…” (Click here to read the full text)

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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