Solo Brands (NYSE:SBDS) Posts Earnings Results

Solo Brands (NYSE:SBDS) issued its earnings results on Thursday. The company reported $0.73 EPS for the quarter, Zacks reports. The business had revenue of $94.03 million for the quarter. Solo Brands had a negative net margin of 21.22% and a negative return on equity of 7.50%.

Solo Brands Stock Performance

NYSE:SBDS traded down $0.26 on Friday, reaching $4.01. The stock had a trading volume of 23,806 shares, compared to its average volume of 48,580. The company has a debt-to-equity ratio of 1.75, a current ratio of 3.20 and a quick ratio of 1.08. The stock has a market cap of $9.93 million, a P/E ratio of -0.08 and a beta of 4.81. Solo Brands has a 12-month low of $0.77 and a 12-month high of $33.43.

Analysts Set New Price Targets

Several brokerages recently issued reports on SBDS. Wall Street Zen upgraded Solo Brands to a “sell” rating in a report on Friday, February 6th. Weiss Ratings started coverage on Solo Brands in a research report on Wednesday, February 4th. They issued a “sell (e+)” rating for the company. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Solo Brands currently has an average rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Empowered Funds LLC purchased a new position in Solo Brands in the fourth quarter valued at about $54,000. Geode Capital Management LLC acquired a new position in shares of Solo Brands in the 4th quarter valued at approximately $103,000. Finally, Barclays PLC purchased a new position in shares of Solo Brands during the 4th quarter valued at approximately $232,000. Institutional investors and hedge funds own 84.48% of the company’s stock.

About Solo Brands

Solo Brands, Inc (NYSE: SBDS) is a consumer products company focused on outdoor lifestyle and recreation. The company is best known for the Solo Stove brand of outdoor fire pits and portable wood-burning stoves that emphasize compact design and reduced smoke emissions. Its product lineup includes backyard fire pits, portable backpacking stoves, grills, cooking accessories and related outdoor gear designed for both casual backyard use and mobile outdoor activities.

Solo Brands markets and sells its products through a mix of direct-to-consumer e-commerce channels and third-party retail partners, supporting its branded stores and online presence with product content and community-oriented marketing.