a.k.a. Brands (NYSE:AKA) Receives "Sell (D-)" Rating from Weiss Ratings

a.k.a. Brands (NYSE:AKA - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a report issued on Thursday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on AKA. Telsey Advisory Group lowered their price objective on shares of a.k.a. Brands from $22.00 to $18.00 and set a "market perform" rating for the company in a research report on Friday, March 7th. Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a research note on Friday, March 7th.

a.k.a. Brands Stock Down 6.4 %

AKA stock opened at $7.85 on Thursday. a.k.a. Brands has a 12 month low of $7.56 and a 12 month high of $33.73. The company has a market cap of $83.94 million, a price-to-earnings ratio of -2.72 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. The firm has a 50-day moving average of $12.85 and a two-hundred day moving average of $17.71.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.74). a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. The firm had revenue of $159.02 million during the quarter, compared to analyst estimates of $158.98 million. As a group, analysts forecast that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On a.k.a. Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its holdings in 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 during the period. JPMorgan Chase & Co. grew its position in shares of a.k.a. Brands by 103.2% during the fourth 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 increased its stake in shares of a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock worth $276,000 after buying an additional 792 shares during the period. Hedge funds and other institutional investors own 55.35% of the company's stock.

About a.k.a. Brands

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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