a.k.a. Brands' (AKA) Sell (D-) Rating Reiterated at Weiss Ratings

Key Points

• a.k.a. Brands received a "Sell (D-)" rating from Weiss Ratings, while also being rated "Market Perform" by Telsey Advisory Group, which raised the target price from $10.00 to $13.00.
• The company reported a revenue of $160.52 million for the quarter, surpassing analyst estimates of $155.82 million, and beat earnings per share expectations.
• Currently, institutional investors and hedge funds own 55.35% of a.k.a. Brands' stock, indicating significant institutional interest.

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

Separately, Telsey Advisory Group increased their target price on shares of a.k.a. Brands from $10.00 to $13.00 and gave the stock a "market perform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.00.

a.k.a. Brands Stock Performance

a.k.a. Brands stock traded up $0.40 during midday trading on Friday, hitting $10.82. The stock had a trading volume of 417 shares, compared to its average volume of 10,638. The firm's fifty day moving average is $11.17 and its two-hundred day moving average is $11.81. The company has a market capitalization of $117.29 million, a PE ratio of -4.31 and a beta of 1.64. a.k.a. Brands has a 52-week low of $7.00 and a 52-week high of $32.25. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in shares of a.k.a. Brands by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock valued at $276,000 after acquiring an additional 792 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in a.k.a. Brands by 103.2% during 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, Bridgeway Capital Management LLC purchased a new stake in a.k.a. Brands during the 2nd quarter valued at $118,000. 55.35% of the stock is currently owned by 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.