Solo Brands (NYSE:SBDS) Issues Quarterly Earnings Results

Solo Brands (NYSE:SBDS) posted its quarterly earnings data on Thursday. The company reported $0.73 EPS for the quarter, Zacks reports. The firm 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

SBDS stock traded down $0.26 during midday trading on Friday, reaching $4.01. The company had a trading volume of 23,806 shares, compared to its average volume of 48,580. The company 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 fifty-two week low of $0.77 and a fifty-two week high of $33.43. The company has a quick ratio of 1.08, a current ratio of 3.20 and a debt-to-equity ratio of 1.75.

Institutional Trading of Solo Brands

Several hedge funds have recently made changes to their positions in SBDS. Barclays PLC acquired a new position in Solo Brands during the 4th quarter valued at approximately $232,000. Geode Capital Management LLC acquired a new stake in Solo Brands in the fourth quarter worth $103,000. Finally, Empowered Funds LLC bought a new stake in Solo Brands in the fourth quarter valued at $54,000. Institutional investors own 84.48% of the company’s stock.

Analyst Upgrades and Downgrades

SBDS has been the subject of several research analyst reports. Wall Street Zen raised shares of Solo Brands to a “sell” rating in a research report on Friday, February 6th. Weiss Ratings assumed coverage on Solo Brands in a research note on Wednesday, February 4th. They issued a “sell (e+)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Solo Brands Company Profile

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.