Stock analysts at Lake Street Capital initiated coverage on shares of a.k.a. Brands (NYSE:AKA - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm set a "buy" rating and a $30.00 price target on the stock. Lake Street Capital's target price would indicate a potential upside of 46.34% from the stock's current price.
Separately, Telsey Advisory Group boosted their price objective on a.k.a. Brands from $25.00 to $28.00 and gave the company a "market perform" rating in a report on Friday, November 8th.
Read Our Latest Stock Report on a.k.a. Brands
a.k.a. Brands Stock Down 0.2 %
NYSE AKA traded down $0.05 during trading hours on Monday, reaching $20.50. 5,347 shares of the company traded hands, compared to its average volume of 8,748. The company has a 50 day moving average of $22.37 and a two-hundred day moving average of $20.11. The stock has a market capitalization of $218.12 million, a PE ratio of -7.11 and a beta of 1.36. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $33.73. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC boosted its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 11.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,369 shares of the company's stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent quarter. 55.35% of the stock is currently owned by hedge funds and other institutional investors.
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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