a.k.a. Brands (NYSE:AKA - Free Report) had its price target trimmed by Telsey Advisory Group from $18.00 to $9.00 in a research report report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a market perform rating on the stock.
Several other equities analysts also recently weighed in on AKA. Weiss Ratings reissued a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Thursday, April 24th. Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a research report on Friday, March 7th.
Read Our Latest Report on a.k.a. Brands
a.k.a. Brands Stock Performance
NYSE AKA traded down $0.11 on Tuesday, hitting $7.32. 2,684 shares of the company's stock traded hands, compared to its average volume of 10,331. a.k.a. Brands has a 1-year low of $7.08 and a 1-year high of $33.73. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $78.22 million, a PE ratio of -2.53 and a beta of 1.42. The firm's 50-day moving average price is $11.18 and its two-hundred day moving average price is $16.56.
a.k.a. Brands (NYSE:AKA - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of ($0.14) by ($0.74). a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. The business had revenue of $159.02 million during the quarter, compared to analyst estimates of $158.98 million. As a group, analysts expect that a.k.a. Brands will post -1.57 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of AKA. JPMorgan Chase & Co. grew its holdings in a.k.a. Brands by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company's stock worth $43,000 after acquiring an additional 1,173 shares during the period. Rhumbline Advisers raised its stake in 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 purchasing an additional 3,236 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock worth $276,000 after acquiring an additional 792 shares during the last quarter. 55.35% of the stock is currently owned by institutional investors and hedge funds.
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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