a.k.a. Brands (NYSE:AKA - Get Free Report) had its target price lowered by Telsey Advisory Group from $28.00 to $22.00 in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a "market perform" rating on the stock. Telsey Advisory Group's price objective points to a potential upside of 22.91% from the company's previous close.
Separately, Lake Street Capital assumed coverage on shares of a.k.a. Brands in a research note on Monday, December 16th. They issued a "buy" rating and a $30.00 target price for the company.
View Our Latest Research Report on AKA
a.k.a. Brands Price Performance
Shares of AKA stock traded down $1.67 during trading hours on Tuesday, hitting $17.90. 15,061 shares of the company's stock were exchanged, compared to its average volume of 14,370. The stock's 50-day moving average is $20.39 and its 200-day moving average is $20.67. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 52 week low of $7.22 and a 52 week high of $33.73. The stock has a market cap of $190.46 million, a price-to-earnings ratio of -6.19 and a beta of 1.40.
Hedge Funds Weigh In On a.k.a. Brands
An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC boosted its holdings in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 11.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 30,369 shares of the company's stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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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