Solo Brands (DTC) Stock Price, News & Analysis

Company Overview

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. It also offers swim trunks, casual shorts, sport products, polos, shirts, and lounge products under the Chubbies brand name; consumables, such as color packs, starters, natural charcoal, fuel, pellets, and firewood products; and accessories comprising shelters, shields, roasting sticks, tools, paddles, and pumps under the Solo Stove, Oru, and ISLE brands. Solo Brands, Inc. was founded in 2011 and is headquartered in Grapevine, Texas.

Key Stats

• Today's Range: $1.43 to $1.59
• 50-Day Range: $1.09 to $2.48
• 52-Week Range: $1.08 to $6.36
• Volume: 1.14 million shs
• Average Volume: 615,107 shs
• Market Capitalization: $135.99 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.93
• Consensus Rating: Hold

Solo Brands Stock Analysis - MarketRank™

Solo Brands scored higher than 77% of companies evaluated by MarketBeat, and ranked 79th out of 209 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Solo Brands has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 6 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Solo Brands has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 66.67%

Earnings Growth

Earnings for Solo Brands are expected to grow by 66.67% in the coming year, from $0.21 to $0.35 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Solo Brands is -0.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Solo Brands is -0.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Solo Brands has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.56% of the float of Solo Brands has been sold short.

Short Interest Ratio / Days to Cover

Solo Brands has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Solo Brands has recently decreased by 10.00%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Solo Brands does not currently pay a dividend.

Dividend Growth

Solo Brands does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.56% of the float of Solo Brands has been sold short.

Short Interest Ratio / Days to Cover

Solo Brands has a short interest ratio ("days to cover") of 6.6.

Change versus previous month

Short interest in Solo Brands has recently decreased by 10.00%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.76

News Sentiment

Solo Brands has a news sentiment score of 0.76. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Solo Brands this week, compared to 2 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Solo Brands insiders have bought more of their company's stock than they have sold. Specifically, they have bought $325,000.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 0.73% of the stock of Solo Brands is held by insiders.

Percentage Held by Institutions

84.48% of the stock of Solo Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DTC Stock Analysis - Frequently Asked Questions

How have DTC shares performed this year?

Solo Brands' stock was trading at $6.16 at the beginning of 2024. Since then, DTC stock has decreased by 75.8% and is now trading at $1.49.
View the best growth stocks for 2024 here.

How were Solo Brands' earnings last quarter?

Solo Brands, Inc. (NYSE:DTC) announced its earnings results on Wednesday, August, 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.09 by $0.07. The firm earned $131.55 million during the quarter, compared to analyst estimates of $128.50 million. Solo Brands had a positive trailing twelve-month return on equity of 6.02% and a negative net margin of 25.62%.

When did Solo Brands IPO?

Solo Brands (DTC) raised $200 million in an initial public offering (IPO) on Thursday, October 28th 2021. The company issued 12,903,225 shares at a price of $14.00-$17.00 per share.

Who are Solo Brands' major shareholders?

Top institutional shareholders of Solo Brands include American Century Companies Inc. (6.09%), AQR Capital Management LLC (0.79%), Sei Investments Co. (0.68%) and Dimensional Fund Advisors LP (0.68%). Insiders that own company stock include Nb Alternatives Advisers Llc, John Merris and Somer Webb.
View institutional ownership trends.

How do I buy shares of Solo Brands?

Shares of DTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/07/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Retail/Wholesale
• Industry: Sporting & athletic goods, not elsewhere classified
• Sub-Industry: Recreation
• Current Symbol: NYSE:DTC
• CUSIP: N/A
• CIK: 1870600
• Web: www.solostove.com
• Phone: 817-900-2664
• Fax: N/A
• Employees: 300
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.93
• High Stock Price Target: $5.00
• Low Stock Price Target: $1.35
• Potential Upside/Downside: +86.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.48
• P/E Growth: N/A
• Net Income: $-111,350,000.00
• Net Margins: -25.62%
• Pretax Margin: -52.37%
• Return on Equity: 6.02%
• Return on Assets: 3.55%

Debt

• Debt-to-Equity Ratio: 0.43
• Current Ratio: 2.49
• Quick Ratio: 1.15

Sales & Book Value

• Annual Sales: $492.52 million
• Price / Sales: 0.29
• Cash Flow: $0.64 per share
• Price / Cash Flow: 2.45
• Book Value: $4.09 per share
• Price / Book: 0.38

Miscellaneous

• Outstanding Shares: 91,268,000
• Free Float: 90,602,000
• Market Cap: $143.29 million
• Optionable: Not Optionable
• Beta: 2.54