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

Key Points

• a.k.a. Brands has been given a "sell (D-)" rating by Weiss Ratings, indicating potential concerns about the company's performance.
• Despite the unfavorable rating, Telsey Advisory Group has increased the company's target price from $10.00 to $13.00 and issued a "market perform" rating.
• The company's recent earnings report showed a revenue of $160.52 million, exceeding expectations, although it still posted a negative EPS of ($0.34).

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

Separately, Telsey Advisory Group raised their target price on a.k.a. Brands from $10.00 to $13.00 and gave the company a "market perform" rating in a research note on Thursday, August 7th.

a.k.a. Brands Stock Performance

Shares of AKA traded down $0.00 during midday trading on Thursday, hitting $10.49. 728 shares of the stock traded hands, compared to its average volume of 10,947. The firm has a market capitalization of $113.67 million, a PE ratio of -4.18 and a beta of 1.64. The business's 50 day moving average price is $11.37 and its two-hundred day moving average price is $12.23. a.k.a. Brands has a 1-year low of $7.00 and a 1-year high of $32.25. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.54 and a current ratio of 1.32.

a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.34) EPS for the quarter, beating the consensus estimate of ($0.46) by $0.12. The business had revenue of $160.52 million during the quarter, compared to analysts' expectations of $155.82 million. a.k.a. Brands had a negative return on equity of 21.06% and a negative net margin of 4.48%. Equities research analysts predict that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Institutional Investors Weigh In On a.k.a. Brands

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of a.k.a. Brands by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company's stock worth $43,000 after purchasing an additional 1,173 shares during the last quarter. Bridgeway Capital Management LLC acquired a new position in a.k.a. Brands in the 2nd quarter valued at $118,000. Finally, Geode Capital Management LLC grew its holdings in 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 buying an additional 792 shares in the last quarter. 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.