a.k.a. Brands (NYSE:AKA) Given Sell (D-) Rating 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.

a.k.a. Brands (NYSE:AKA - Get Free Report)'s stock had its "sell (d-)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Separately, Telsey Advisory Group increased their price objective on shares of a.k.a. Brands from $9.00 to $10.00 and gave the company a "market perform" rating in a report on Wednesday, May 14th.

a.k.a. Brands Stock Up 2.5%

Shares of AKA opened at $11.28 on Tuesday. The firm has a market cap of $120.87 million, a P/E ratio of -4.72 and a beta of 1.63. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $32.25. The stock's 50 day moving average is $11.86 and its two-hundred day moving average is $12.83. 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 announced its earnings results on Tuesday, May 13th. The company reported ($0.78) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Institutional Trading of a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. JPMorgan Chase & Co. raised its position in a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 103.2% during the fourth quarter, according to 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 quarter. 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.

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