a.k.a. Brands (NYSE:AKA - Free Report) had its price objective lowered by Telsey Advisory Group from $18.00 to $9.00 in a research report report published on Tuesday, MarketBeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.
A number of other equities analysts also recently weighed in on AKA. Jefferies Financial Group set a $17.00 target price on shares of a.k.a. Brands in a research note on Friday, March 7th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of a.k.a. Brands in a report on Thursday, April 24th.
View Our Latest Stock Report on AKA
a.k.a. Brands Price Performance
a.k.a. Brands stock traded up $0.57 during trading hours on Tuesday, hitting $7.99. 11,848 shares of the stock were exchanged, compared to its average volume of 10,372. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $33.73. The business's 50-day moving average is $11.05 and its two-hundred day moving average is $16.40. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The stock has a market capitalization of $85.44 million, a P/E ratio of -2.76 and a beta of 1.42.
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). The business had revenue of $159.02 million for the quarter, compared to analyst estimates of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. Equities research analysts expect that a.k.a. Brands will post -1.57 EPS for the current fiscal year.
Hedge Funds Weigh In On a.k.a. Brands
Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in a.k.a. Brands by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company's stock valued at $43,000 after purchasing an additional 1,173 shares during the last quarter. Rhumbline Advisers increased 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 acquiring an additional 3,236 shares during the last quarter. Finally, Geode Capital Management LLC raised its position 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 acquiring an additional 792 shares during the period. 55.35% of the stock is currently owned by institutional investors and hedge funds.
a.k.a. Brands Company Profile
(
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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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