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

Key Points

• a.k.a. Brands has received a "sell (D-)" rating from Weiss Ratings, indicating concerns about its financial health.
• Telsey Advisory Group has raised the price target for a.k.a. Brands' stock from $9.00 to $10.00 while maintaining a "market perform" rating.
• The company's recent earnings report showed an EPS of ($0.78), exceeding analysts' expectations of ($0.95), although it still reflects ongoing financial challenges.

Weiss Ratings reiterated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA - Free Report) in a report issued on Tuesday morning,Weiss Ratings reports.

Separately, Telsey Advisory Group boosted their target price on a.k.a. Brands from $9.00 to $10.00 and gave the stock a "market perform" rating in a report on Wednesday, May 14th.

a.k.a. Brands Stock Performance

Shares of AKA traded down $0.30 during mid-day trading on Tuesday, reaching $11.20. 1,071 shares of the company's stock traded hands, compared to its average volume of 1,501. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $32.25. The stock has a market capitalization of $120.06 million, a P/E ratio of -4.69 and a beta of 1.64. The business's 50-day moving average price is $11.69 and its 200-day moving average price is $12.71. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.56 and a current ratio of 1.52.

a.k.a. Brands (NYSE:AKA - Get Free Report) last announced 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%. Equities analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in a.k.a. Brands stock. JPMorgan Chase & Co. boosted its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 103.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,310 shares of the company's stock after purchasing an additional 1,173 shares during the period. JPMorgan Chase & Co.'s holdings in a.k.a. Brands were worth $43,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 55.35% of the company's stock.

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.