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

Key Points

• a.k.a. Brands has been given a "sell (D-)" rating by Weiss Ratings, indicating a negative outlook on the stock.
• Telsey Advisory Group increased the target price for a.k.a. Brands from $10.00 to $13.00 while rating it as "market perform."
• The company's recent earnings report showed a loss of $0.34 EPS, which was better than analysts' expectations, with revenue surpassing estimates at $160.52 million.

a.k.a. Brands (NYSE:AKA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a research note issued to investors on Saturday, September 13th,Weiss Ratings reports.

Separately, Telsey Advisory Group boosted their price objective on a.k.a. Brands from $10.00 to $13.00 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $20.00.

a.k.a. Brands Trading Down 2.9%

Shares of AKA traded down $0.32 during trading hours on Friday, hitting $10.59. The stock had a trading volume of 1,575 shares, compared to its average volume of 3,815. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 1.32. The firm has a market cap of $114.74 million, a P/E ratio of -4.22 and a beta of 1.64. The company's fifty day simple moving average is $11.02 and its 200 day simple moving average is $11.36. a.k.a. Brands has a 12-month low of $7.00 and a 12-month high of $27.47.

a.k.a. Brands (NYSE:AKA - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.34) earnings per share for the quarter, topping the consensus estimate of ($0.46) by $0.12. a.k.a. Brands had a negative return on equity of 21.06% and a negative net margin of 4.48%.The business had revenue of $160.52 million for the quarter, compared to analyst estimates of $155.82 million. Equities research analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 11,475 shares of the company's stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned about 0.11% of a.k.a. Brands as of its most recent SEC filing. 55.35% of the stock is currently owned by hedge funds and other institutional investors.

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.