Solo Brands (NYSE:DTC – Get Rating) released its quarterly earnings data on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.11, MarketWatch Earnings reports. The company had revenue of $82.20 million during the quarter, compared to analysts’ expectations of $84.60 million. Solo Brands’s revenue for the quarter was up 19.0% on a year-over-year basis. Solo Brands updated its FY 2022 guidance to EPS.
Shares of DTC opened at $4.80 on Friday. The stock has a 50 day simple moving average of $7.62. Solo Brands has a fifty-two week low of $4.24 and a fifty-two week high of $23.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.41 and a quick ratio of 1.21.
Several institutional investors and hedge funds have recently made changes to their positions in DTC. BlackRock Inc. purchased a new stake in shares of Solo Brands in the 4th quarter worth approximately $11,719,000. Blair William & Co. IL raised its stake in shares of Solo Brands by 1,018.4% during the 1st quarter. Blair William & Co. IL now owns 281,751 shares of the company’s stock worth $2,403,000 after acquiring an additional 256,559 shares in the last quarter. Geode Capital Management LLC bought a new position in shares of Solo Brands during the 4th quarter worth approximately $3,091,000. Millennium Management LLC bought a new position in shares of Solo Brands during the 4th quarter worth approximately $2,698,000. Finally, Wasatch Advisors Inc. raised its stake in shares of Solo Brands by 7.5% during the 1st quarter. Wasatch Advisors Inc. now owns 2,405,527 shares of the company’s stock worth $20,519,000 after acquiring an additional 167,806 shares in the last quarter. 93.69% of the stock is owned by hedge funds and other institutional investors.
Solo Brands Company Profile (Get Rating)
Solo Brands, Inc operates a direct-to-consumer platform that offers outdoor 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; grills, cook tops, and tools; 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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