Solo Brands (DTC) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Solo Brands in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DTC shares.
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5 brokerages have issued 1 year price targets for Solo Brands' stock. Their DTC share price forecasts range from $7.00 to $11.00. On average, they expect the company's share price to reach $9.50 in the next twelve months. This suggests a possible upside of 110.6% from the stock's current price.
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Solo Brands' stock was trading at $3.72 at the beginning of the year. Since then, DTC stock has increased by 21.2% and is now trading at $4.51.
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Solo Brands saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 1,550,000 shares, an increase of 12.3% from the August 15th total of 1,380,000 shares. Based on an average daily volume of 496,800 shares, the days-to-cover ratio is presently 3.1 days. Currently, 5.3% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Solo Brands, Inc. (NYSE:DTC) issued its quarterly earnings results on Thursday, August, 3rd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The business had revenue of $130.93 million for the quarter, compared to analysts' expectations of $131.37 million. Solo Brands had a trailing twelve-month return on equity of 9.11% and a net margin of 3.37%.

Solo Brands updated its FY 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $520.00 million-$540.00 million, compared to the consensus revenue estimate of $539.40 million.

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

Solo Brands trades on the New York Stock Exchange (NYSE) under the ticker symbol "DTC."

Solo Brands' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Marshall Wace LLP (1.44%), BlackRock Inc. (1.34%), Hodges Capital Management Inc. (1.29%), Bertram Growth Capital III GPLLC L.L.C. (1.11%), RK Capital Management LLC (1.08%) and Polar Asset Management Partners Inc. (0.77%). Insiders that own company stock include David Powers, John Merris, Nb Alternatives Advisers Llc and Somer Webb.
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Shares of DTC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DTC stock can currently be purchased for approximately $4.51.

Solo Brands (NYSE:DTC) has a market capitalization of $407.97 million and generates $517.63 million in revenue each year. The company earns $-4,950,000.00 in net income (profit) each year or $0.28 on an earnings per share basis.

The company employs 350 workers across the globe.

The official website for the company is www.solostove.com. The company can be reached via phone at 817-900-2664 or via email at investors@solobrands.com.