Solo Brands, Inc. (NYSE:DTC – Get Free Report) has been given an average recommendation of “Hold” by the eight research firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.93.
DTC has been the subject of several analyst reports. Citigroup decreased their price objective on Solo Brands from $2.50 to $1.35 and set a “neutral” rating for the company in a report on Thursday, August 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $3.00 target price on shares of Solo Brands in a research report on Monday, September 30th.
Check Out Our Latest Stock Analysis on DTC
Insider Buying and Selling
Institutional Trading of Solo Brands
Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP acquired a new position in Solo Brands in the first quarter valued at approximately $1,059,000. Empowered Funds LLC lifted its stake in shares of Solo Brands by 8.2% in the 1st quarter. Empowered Funds LLC now owns 353,987 shares of the company’s stock valued at $768,000 after purchasing an additional 26,765 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Solo Brands by 10.2% during the first quarter. Janney Montgomery Scott LLC now owns 115,837 shares of the company’s stock worth $251,000 after buying an additional 10,722 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in Solo Brands during the first quarter worth $43,000. Finally, American Century Companies Inc. grew its position in Solo Brands by 7.4% during the second quarter. American Century Companies Inc. now owns 5,561,257 shares of the company’s stock valued at $12,680,000 after buying an additional 384,989 shares during the period. Hedge funds and other institutional investors own 84.48% of the company’s stock.
Solo Brands Price Performance
Shares of DTC stock opened at $1.25 on Tuesday. The company has a market cap of $114.09 million, a P/E ratio of -0.62 and a beta of 2.54. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.49 and a quick ratio of 1.15. The stock’s 50-day moving average is $1.43 and its 200 day moving average is $1.80. Solo Brands has a 1-year low of $1.08 and a 1-year high of $6.36.
Solo Brands (NYSE:DTC – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Solo Brands had a positive return on equity of 6.02% and a negative net margin of 25.62%. The firm had revenue of $131.55 million during the quarter, compared to analysts’ expectations of $128.50 million. During the same period in the previous year, the firm earned $0.15 EPS. Research analysts predict that Solo Brands will post 0.18 earnings per share for the current fiscal year.
About Solo Brands
Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor and lifestyle branded products in the United States. The company provides camp stoves under the Solo Stove Lite brand name; fire pits under the Solo Stove brand name; kayaks under the Oru brand name; paddle boards under the ISLE brand name; and storage solutions for fire pits, firewood, and other accessories.
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