a.k.a. Brands (NYSE:AKA - Free Report) had its price target increased by Telsey Advisory Group from $25.00 to $28.00 in a research report sent to investors on Friday morning. They currently have a market perform rating on the stock.
Separately, Truist Financial decreased their price objective on a.k.a. Brands from $22.00 to $20.00 and set a "hold" rating on the stock in a report on Friday, August 9th.
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a.k.a. Brands Stock Down 3.0 %
AKA traded down $0.75 during trading on Friday, hitting $24.62. 7,711 shares of the company's stock were exchanged, compared to its average volume of 8,535. The business's 50 day moving average is $23.75 and its two-hundred day moving average is $19.73. The stock has a market cap of $259.74 million, a P/E ratio of -2.91 and a beta of 1.41. The company has a quick ratio of 0.48, a current ratio of 1.55 and a debt-to-equity ratio of 0.74. a.k.a. Brands has a fifty-two week low of $6.10 and a fifty-two week high of $33.73.
a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.08. The company had revenue of $148.93 million for the quarter, compared to the consensus estimate of $134.86 million. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. During the same period last year, the firm earned ($0.48) EPS. As a group, equities analysts expect that a.k.a. Brands will post -1.11 earnings per share for the current fiscal year.
Institutional Trading of a.k.a. Brands
An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC grew its holdings in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,369 shares of the company's stock after buying an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent 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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