Weiss Ratings reiterated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA - Free Report) in a research note published on Friday,Weiss Ratings reports.
A number of other analysts also recently issued reports on AKA. Telsey Advisory Group cut their price target on shares of a.k.a. Brands from $22.00 to $18.00 and set a "market perform" rating for the company in a report on Friday. Lake Street Capital began coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They issued a "buy" rating and a $30.00 target price on the stock.
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a.k.a. Brands Price Performance
Shares of NYSE AKA traded down $1.04 during mid-day trading on Friday, reaching $11.38. The company's stock had a trading volume of 10,056 shares, compared to its average volume of 10,343. The stock has a 50-day moving average of $16.66 and a two-hundred day moving average of $20.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The stock has a market capitalization of $121.03 million, a P/E ratio of -3.94 and a beta of 1.39. a.k.a. Brands has a 1-year low of $7.22 and a 1-year high of $33.73.
a.k.a. Brands (NYSE:AKA - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.88) EPS for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.74). The business had revenue of $159.02 million during the quarter, compared to analyst estimates of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. On average, equities research analysts anticipate that a.k.a. Brands will post -1.57 EPS for the current fiscal year.
Institutional Investors Weigh In On a.k.a. Brands
Several institutional investors and hedge funds have recently modified their holdings of AKA. Rhumbline Advisers grew its holdings in shares of a.k.a. Brands by 487.3% in the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock valued at $73,000 after purchasing an additional 3,236 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in a.k.a. Brands by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company's stock worth $43,000 after buying an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of a.k.a. Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock worth $276,000 after acquiring an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 55.35% of the company's stock.
a.k.a. Brands Company Profile
(
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a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.
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