Weiss Ratings restated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA - Free Report) in a research note issued to investors on Tuesday,Weiss Ratings reports.
A number of other brokerages have also recently weighed in on AKA. Jefferies Financial Group set a $17.00 price target on a.k.a. Brands in a research report on Friday, March 7th. Telsey Advisory Group cut their target price on a.k.a. Brands from $22.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday, March 7th. Finally, Lake Street Capital started coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They set a "buy" rating and a $30.00 price target for the company.
Check Out Our Latest Report on a.k.a. Brands
a.k.a. Brands Stock Performance
Shares of NYSE AKA traded down $1.88 during trading on Tuesday, reaching $8.93. The stock had a trading volume of 10,949 shares, compared to its average volume of 10,525. The firm's 50 day moving average price is $14.43 and its two-hundred day moving average price is $18.43. a.k.a. Brands has a one year low of $8.43 and a one year high of $33.73. The stock has a market cap of $95.53 million, a PE ratio of -3.09 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58.
a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.74). a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. The business had revenue of $159.02 million during the quarter, compared to the consensus estimate of $158.98 million. On average, research analysts forecast that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.
Institutional Trading of a.k.a. Brands
Several hedge funds have recently added to or reduced their stakes in AKA. Rhumbline Advisers raised its stake in shares of a.k.a. Brands by 487.3% during 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. raised its position in shares of 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 lifted its stake in shares of a.k.a. Brands by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock worth $276,000 after acquiring an additional 792 shares during the period. Institutional investors own 55.35% of the company's stock.
About a.k.a. Brands
(
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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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