Should I buy or sell Solo Brands stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Solo Brands in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DTC, but not buy additional shares or sell existing shares. View DTC analyst ratings or view top-rated stocks .

What is Solo Brands' stock price target for 2024?

8 brokerages have issued 1-year price targets for Solo Brands' stock. Their DTC share price targets range from $2.20 to $5.00. On average, they expect the company's stock price to reach $3.54 in the next twelve months. This suggests a possible upside of 99.0% from the stock's current price. View analysts price targets for DTC or view top-rated stocks among Wall Street analysts .

How have DTC shares performed in 2024?

Solo Brands' stock was trading at $6.16 on January 1st, 2024. Since then, DTC stock has decreased by 71.1% and is now trading at $1.78. View the best growth stocks for 2024 here .

Are investors shorting Solo Brands?

Solo Brands saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,700,000 shares, an increase of 8.8% from the February 29th total of 4,320,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 17.1% of the shares of the company are sold short. View Solo Brands' Short Interest .

When is Solo Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our DTC earnings forecast .

How were Solo Brands' earnings last quarter?

Solo Brands, Inc. (NYSE:DTC) announced its quarterly earnings data on Thursday, March, 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The firm had revenue of $165.32 million for the quarter, compared to analysts' expectations of $166.15 million. Solo Brands had a negative net margin of 22.50% and a positive trailing twelve-month return on equity of 7.33%.

What guidance has Solo Brands issued on next quarter's earnings?

Solo Brands updated its FY 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $490.0 million-$510.0 million, compared to the consensus revenue estimate of $503.3 million.

When did Solo Brands IPO?

Solo Brands (DTC) raised $200 million in an 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?

Solo Brands' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.13%). Insiders that own company stock include Christopher T Metz, David Powers, John Merris , Nb Alternatives Advisers Llc 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 .

NYSE:DTC

Solo Brands (DTC) Stock Price, News & Analysis

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$1.78

+0.01 (+0.56%)

(As of 04/18/2024 ET)

Compare

Today's Range: $1.75
▼
$1.86
50-Day Range: $1.77
▼
$2.98
52-Week Range: $1.74
▼
$8.86

Volume: 464,689 shs
Average Volume: 994,244 shs
Market Capitalization: $162.30 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.54

Get Solo Brands alerts:

Solo Brands MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 99.0% Upside
$3.54 Price Target
Short Interest: Bearish
16.67% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.40
Based on 4 Articles This Week
Insider Trading: Acquiring Shares
$227,000 Bought Last Quarter
Proj. Earnings Growth: 32.00%
From $0.25 to $0.33 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.25 out of 5 stars

Retail/Wholesale Sector

44th out of 198 stocks

Sporting & Athletic Goods, Not Elsewhere Classified Industry

2nd out of 9 stocks

4.0

Analyst's Opinion

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 been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
16.67% 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 4.3.
Change versus previous month
Short interest in Solo Brands has recently decreased by 1.91%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Solo Brands does not currently pay a dividend.
Dividend Growth
Solo Brands does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DTC.

1.9

News and Social Media Coverage

News Sentiment
Solo Brands has a news sentiment score of 0.40. 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 news sentiment score is similar to the average news sentiment of Retail/Wholesale companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Solo Brands this week, compared to 3 articles on an average week.
Search Interest
Only 3 people have searched for DTC on MarketBeat in the last 30 days. This is a decrease of -81% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added Solo Brands to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

3.3

Company Ownership

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 $227,000.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 4.93% 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.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Solo Brands are expected to grow by 32.00% in the coming year, from $0.25 to $0.33 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Solo Brands is -0.92, 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 -0.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Solo Brands has a PEG Ratio of 0.62. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Solo Brands has a P/B Ratio of 0.44. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Solo Brands Stock (NYSE:DTC)

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.

DTC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DTC Stock News Headlines

March 19, 2024 | insidertrades.com

Christopher T. Metz Purchases 100,000 Shares of Solo Brands, Inc. (NYSE:DTC) Stock

April 17, 2024 | finance.yahoo.com

Solo Brands (NYSE:DTC) Might Have The Makings Of A Multi-Bagger

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 16, 2024 | finance.yahoo.com

Solo Brands, Inc. (DTC)

April 15, 2024 | americanbankingnews.com

Solo Brands, Inc. (NYSE:DTC) Given Consensus Recommendation of "Hold" by Brokerages

April 13, 2024 | americanbankingnews.com

Just Eat Takeaway.com (OTCMKTS:JTKWY) & Solo Brands (NYSE:DTC) Head to Head Review

April 5, 2024 | finance.yahoo.com

Solo Stove Takes Pizza Making to Unprecedented Depths In Honor of National Deep Dish Pizza Day

April 1, 2024 | markets.businessinsider.com

Solo Brands Inc: Strategic Marketing and Leadership Changes Justify Buy Rating

April 18, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 21, 2024 | stockhouse.com

Solo Brands Named to Fast Company's Annual List of the World's Most Innovative Companies of 2024

March 20, 2024 | businesswire.com

Solo Brands Selects PMG as Media Agency of Record for Solo Stove

March 19, 2024 | finance.yahoo.com

Solo Brands Named to Fast Company’s Annual List of the World’s Most Innovative Companies of 2024

March 16, 2024 | finance.yahoo.com

Solo Brands, Inc. (NYSE:DTC) Q4 2023 Earnings Call Transcript

March 16, 2024 | seekingalpha.com

Solo Brands, Inc. (DTC) Q4 2023 Earnings Call Transcript

March 15, 2024 | finance.yahoo.com

Q4 2023 Solo Brands Inc Earnings Call

March 14, 2024 | finance.yahoo.com

Solo Brands Gives 2024 Guidance; Sees Revenue Between $490M-$500M

March 14, 2024 | msn.com

Solo Brands Non-GAAP EPS of $0.13 misses by $0.04, revenue of $165.32M misses by $0.83M

March 14, 2024 | finance.yahoo.com

Solo Brands (NYSE:DTC) Misses Q4 Revenue Estimates

March 14, 2024 | finance.yahoo.com

Solo Brands Inc (DTC) Reports Decline in Q4 and Full Year 2023 Earnings Amid Strategic Shifts

March 14, 2024 | businesswire.com

Solo Brands Announces Fourth Quarter and Fiscal Year 2023 Results Provides Full Year 2024 Guidance

March 13, 2024 | finance.yahoo.com

Solo Brands (DTC) Reports Earnings Tomorrow. What To Expect

March 6, 2024 | markets.businessinsider.com

Navigating 4 Analyst Ratings For Solo Brands

February 29, 2024 | businesswire.com

Solo Brands, Inc. Fourth Quarter and Fiscal 2023 Financial Results To Be Released Thursday, March 14, 2024

February 21, 2024 | finance.yahoo.com

Will Solo Brands, Inc. (DTC) Beat Estimates Again in Its Next Earnings Report?

February 14, 2024 | seekingalpha.com

Solo Brands: I'm Expecting Further Financial Turbulence In 2024

February 10, 2024 | benzinga.com

Solo Brands Stock (NYSE:DTC) Earnings Dates and Earning Calls

February 7, 2024 | benzinga.com

Solo Brands Stock (NYSE:DTC), Short Interest Report

See More Headlines

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Company Calendar

Last Earnings: 3/14/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Retail/Wholesale
Industry: Sporting & athletic goods, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:DTC
CUSIP: N/A
CIK: 1870600
Web: www.solostove.com
Phone: 817-900-2664
Fax: N/A
Employees: 400
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $3.54
High Stock Price Target: $5.00
Low Stock Price Target: $2.20
Potential Upside/Downside: +93.0%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.94)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 7.34
P/E Growth: 0.62
Net Income: $-111,350,000.00
Net Margins: -22.50%
Pretax Margin: -46.80%
Return on Equity: 7.33%
Return on Assets: 4.73%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 2.21
Quick Ratio: 0.95

Sales & Book Value

Annual Sales: $494.78 million
Price / Sales: 0.34
Cash Flow: $0.58 per share
Price / Cash Flow: 3.14
Book Value: $4.09 per share
Price / Book: 0.45

Miscellaneous

Outstanding Shares: 91,180,000
Free Float: 86,681,000
Market Cap: $167.32 million
Optionable: Not Optionable
Beta: 2.61

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Key Executives

Mr. Christopher T. Metz (Age 59)
President, CEO & Director
Ms. Laura A. Coffey (Age 57)
Chief Financial Officer
Mr. Matthew Scott Webb (Age 36)
Chief Operating Officer
Comp: $8.78M
Mr. Kent Roger Christensen (Age 44)
General Counsel
Comp: $368.12k
Mr. Michael Lee Studdard (Age 54)
Chief People Officer
Mr. Michael McGoohan
Chief Growth Officer & Executive VP

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

DTC Stock Analysis - Frequently Asked Questions

Should I buy or sell Solo Brands stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Solo Brands in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" DTC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DTC, but not buy additional shares or sell existing shares.
View DTC analyst ratings or view top-rated stocks.
What is Solo Brands' stock price target for 2024?: 8 brokerages have issued 1-year price targets for Solo Brands' stock. Their DTC share price targets range from $2.20 to $5.00. On average, they expect the company's stock price to reach $3.54 in the next twelve months. This suggests a possible upside of 99.0% from the stock's current price.
View analysts price targets for DTC or view top-rated stocks among Wall Street analysts.
How have DTC shares performed in 2024?: Solo Brands' stock was trading at $6.16 on January 1st, 2024. Since then, DTC stock has decreased by 71.1% and is now trading at $1.78.
View the best growth stocks for 2024 here.
Are investors shorting Solo Brands?: Solo Brands saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 4,700,000 shares, an increase of 8.8% from the February 29th total of 4,320,000 shares. Based on an average daily volume of 1,040,000 shares, the days-to-cover ratio is presently 4.5 days. Approximately 17.1% of the shares of the company are sold short.
View Solo Brands' Short Interest.
When is Solo Brands' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our DTC earnings forecast.
How were Solo Brands' earnings last quarter?: Solo Brands, Inc. (NYSE:DTC) announced its quarterly earnings data on Thursday, March, 14th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.05. The firm had revenue of $165.32 million for the quarter, compared to analysts' expectations of $166.15 million. Solo Brands had a negative net margin of 22.50% and a positive trailing twelve-month return on equity of 7.33%.

What guidance has Solo Brands issued on next quarter's earnings?: Solo Brands updated its FY 2024 earnings guidance on Thursday, March, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $490.0 million-$510.0 million, compared to the consensus revenue estimate of $503.3 million.
When did Solo Brands IPO?: Solo Brands (DTC) raised $200 million in an 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?: Solo Brands' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Hennion & Walsh Asset Management Inc. (0.13%). Insiders that own company stock include Christopher T Metz, David Powers, John Merris, Nb Alternatives Advisers Llc 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.

This page (NYSE:DTC) was last updated on 4/18/2024 by MarketBeat.com Staff

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Solo Brands (DTC) Stock Price, News & Analysis

Solo Brands MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Solo Brands Stock (NYSE:DTC)

DTC Stock Price History

DTC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

DTC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™