Credit Suisse Group Increases Solo Brands (NYSE:DTC) Price Target to $10.00

Solo Brands (NYSE:DTC – Get Rating) had its price target hoisted by Credit Suisse Group from $9.00 to $10.00 in a research report report published on Friday morning, Benzinga reports. Credit Suisse Group currently has an outperform rating on the stock.

Other research analysts also recently issued research reports about the company. Piper Sandler upped their price objective on Solo Brands from $7.00 to $9.00 in a report on Friday. Canaccord Genuity Group began coverage on shares of Solo Brands in a research report on Thursday, November 17th. They set a buy rating and a $7.00 target price for the company. Finally, Canaccord Genuity Group initiated coverage on shares of Solo Brands in a research report on Wednesday, November 16th. They issued a buy rating and a $7.00 price objective for the company.

Solo Brands Trading Up 13.5 %

Shares of DTC opened at $6.23 on Friday. The company has a quick ratio of 0.93, a current ratio of 2.91 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $4.27 and its 200 day moving average price is $4.20. The firm has a market capitalization of $596.21 million, a price-to-earnings ratio of -89.00, a P/E/G ratio of 1.38 and a beta of 1.91. Solo Brands has a 12-month low of $3.39 and a 12-month high of $10.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Hodges Capital Management Inc. increased its holdings in shares of Solo Brands by 212.0% during the fourth quarter. Hodges Capital Management Inc. now owns 954,700 shares of the company’s stock worth $3,552,000 after purchasing an additional 648,675 shares during the period. American Century Companies Inc. raised its stake in Solo Brands by 10.7% during the fourth quarter. American Century Companies Inc. now owns 3,104,135 shares of the company’s stock worth $11,547,000 after buying an additional 299,855 shares during the last quarter. Blair William & Co. IL increased its stake in Solo Brands by 1,018.4% in the first quarter. Blair William & Co. IL now owns 281,751 shares of the company’s stock valued at $2,403,000 after purchasing an additional 256,559 shares in the last quarter. Wasatch Advisors Inc. boosted its holdings in Solo Brands by 7.5% during the first quarter. Wasatch Advisors Inc. now owns 2,405,527 shares of the company’s stock worth $20,519,000 after purchasing an additional 167,806 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Solo Brands by 166.5% during the first quarter. Bank of America Corp DE now owns 238,841 shares of the company’s stock worth $2,037,000 after purchasing an additional 149,227 shares during the last quarter. 78.25% of the stock is owned by institutional investors.

About Solo Brands

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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.