Solo Brands: Growth Turnaround Potential With Decent Risk-Reward [Seeking Alpha]
Solo Brands, Inc. (DTC)
Company Research
Source: Seeking Alpha
Stock performance has been disappointing, currently trading at $1.9 per share. It recently faced underperformance in marketing. The management has taken active steps to turnaround the situation, in my opinion. Risk-reward remains decent, suggesting a potential undervaluation. Solo Brands ( NYSE: DTC ) is a company building a direct-to-consumer (DTC) business focusing on outdoor and lifestyle products for customers in the US. All-time share performance has been disappointing. Having gone public in 2021 at a price of $18, the stock reached its all-time high of $21 towards the end of 2021, but then continued trending down and reached low-to-mid single-digits in the next two years. Recent performance has been weak, with DTC being down over -61% and -67% on a 1-year and YTD basis. It is currently trading at $1.9 per share. I rate the stock a buy. My 1-year price target of $2.6 per share projects about 38% upside. At this level, DTC appears undervalued. Risk reward remains decent,
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DTC
News
- New Solo Brands CEO Sets The Stage To Grow Its Flagship Stove And Chubbies Fashion Brand [Forbes]Forbes
- President of Solo Brands Christopher Metz Buys 150% More Shares [Yahoo! Finance]Yahoo! Finance
- Smith & Wesson (SWBI) Reports Earnings Tomorrow: What To Expect [Yahoo! Finance]Yahoo! Finance
- Netflix co-founder says this weekly ritual keeps him successful: I've done it ‘for over 30 years' [CNBC]CNBC
- WhistlePig & Solo Stove Fire Up Summer with Limited Edition CampStock Wheat Whiskey [Yahoo! Finance]Yahoo! Finance
DTC
Earnings
- 5/9/24 - Beat
DTC
Sec Filings
- 6/13/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- DTC's page on the SEC website