a.k.a. Brands (NYSE:AKA - Get Free Report) had its target price boosted by research analysts at Telsey Advisory Group from $20.00 to $25.00 in a report released on Friday, Marketbeat reports. The brokerage presently has a "market perform" rating on the stock. Telsey Advisory Group's target price indicates a potential upside of 7.30% from the stock's current price.
Separately, Truist Financial cut their target price on shares of a.k.a. Brands from $22.00 to $20.00 and set a "hold" rating for the company in a research note on Friday, August 9th.
View Our Latest Report on a.k.a. Brands
a.k.a. Brands Stock Up 1.3 %
NYSE AKA traded up $0.31 during trading on Friday, reaching $23.30. The company's stock had a trading volume of 9,030 shares, compared to its average volume of 8,555. The company has a current ratio of 1.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $245.82 million, a PE ratio of -2.60 and a beta of 1.41. The business has a 50-day moving average price of $23.55 and a 200-day moving average price of $19.30. a.k.a. Brands has a 1-year low of $6.01 and a 1-year high of $33.73.
a.k.a. Brands (NYSE:AKA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.22) earnings per share for the quarter, topping analysts' consensus estimates of ($0.30) by $0.08. a.k.a. Brands had a negative net margin of 17.19% and a negative return on equity of 18.76%. The business had revenue of $148.93 million during the quarter, compared to analysts' expectations of $134.86 million. During the same period in the previous year, the company earned ($0.48) earnings per share. On average, research analysts forecast that a.k.a. Brands will post -1.11 earnings per share for the current fiscal year.
Institutional Investors Weigh In On a.k.a. Brands
A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC boosted its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 11.4% during the second quarter, according to the company in its most recent 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 quarter. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. 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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