a.k.a. Brands (NYSE:AKA) Earns Market Perform Rating from Telsey Advisory Group

Key Points

• a.k.a. Brands received a "market perform" rating from Telsey Advisory Group, with a target price of $10.00, indicating a potential downside of 11.31% from its previous close.
• Weiss Ratings has also reissued a "sell (d-)" rating on the company's shares, reflecting negative sentiment among analysts.
• Institutional investors own 55.35% of a.k.a. Brands, with Geode Capital Management recently increasing its stake by 5.7%.

Telsey Advisory Group reiterated their market perform rating on shares of a.k.a. Brands (NYSE:AKA - Free Report) in a research note published on Wednesday morning,Benzinga reports. The brokerage currently has a $10.00 price objective on the stock.

Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of a.k.a. Brands in a report on Tuesday, July 29th.

a.k.a. Brands Stock Performance

AKA traded down $0.30 during midday trading on Wednesday, hitting $11.20. 1,071 shares of the company were exchanged, compared to its average volume of 1,555. The company's 50 day simple moving average is $11.69 and its 200 day simple moving average is $12.65. The firm has a market capitalization of $120.06 million, a price-to-earnings ratio of -4.69 and a beta of 1.64. a.k.a. Brands has a 1-year low of $7.00 and a 1-year high of $32.25. The company has a current ratio of 1.52, a quick ratio of 0.56 and a debt-to-equity ratio of 1.01.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its earnings results on Tuesday, May 13th. The company reported ($0.78) EPS for the quarter, topping the consensus estimate of ($0.95) by $0.17. a.k.a. Brands had a negative return on equity of 19.03% and a negative net margin of 4.33%. As a group, sell-side analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current year.

Institutional Trading of a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Geode Capital Management LLC increased its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,739 shares of the company's stock after purchasing an additional 792 shares during the quarter. Geode Capital Management LLC owned approximately 0.14% of a.k.a. Brands worth $276,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 55.35% of the company's stock.

a.k.a. Brands Company Profile

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.