a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report) saw a large growth in short interest in May. As of May 15th, there was short interest totalling 39,400 shares, a growth of 57.0% from the April 30th total of 25,100 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 14,000 shares, the short-interest ratio is currently 2.8 days.
a.k.a. Brands Trading Up 4.5%
Shares of NYSE:AKA traded up $0.57 during midday trading on Thursday, reaching $13.26. 6,633 shares of the company's stock were exchanged, compared to its average volume of 10,900. The firm's 50 day simple moving average is $10.75 and its two-hundred day simple moving average is $15.10. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The stock has a market cap of $142.03 million, a price-to-earnings ratio of -4.59 and a beta of 1.72. a.k.a. Brands has a fifty-two week low of $7.00 and a fifty-two week high of $32.25.
a.k.a. Brands (NYSE:AKA - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.78) earnings per share for the quarter, beating the consensus estimate of ($0.95) by $0.17. a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. As a group, sell-side analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.
Hedge Funds Weigh In On a.k.a. Brands
Several hedge funds and other institutional investors have recently made changes to their positions in AKA. Rhumbline Advisers boosted its stake in shares of a.k.a. Brands by 487.3% in the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock valued at $73,000 after buying an additional 3,236 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of a.k.a. Brands by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company's stock valued at $43,000 after buying an additional 1,173 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of a.k.a. Brands by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock valued at $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.
Analysts Set New Price Targets
AKA has been the topic of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of a.k.a. Brands in a report on Saturday, May 24th. Telsey Advisory Group raised their target price on a.k.a. Brands from $9.00 to $10.00 and gave the stock a "market perform" rating in a research note on Wednesday, May 14th. Finally, Jefferies Financial Group set a $17.00 target price on a.k.a. Brands in a research note on Friday, March 7th.
Read Our Latest Research Report on AKA
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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