a.k.a. Brands (NYSE:AKA) Given "Sell (D-)" Rating 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 reissued by analysts at Weiss Ratings in a research report issued to clients and investors on Thursday,Weiss Ratings reports.

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

a.k.a. Brands Trading Down 2.3%

a.k.a. Brands stock opened at $10.87 on Thursday. a.k.a. Brands has a 1 year low of $7.00 and a 1 year high of $32.25. The firm's 50 day moving average price is $11.48 and its 200-day moving average price is $12.37. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 0.54. The stock has a market cap of $117.83 million, a P/E ratio of -4.33 and a beta of 1.64.

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, topping the consensus estimate of ($0.46) by $0.12. a.k.a. Brands had a negative net margin of 4.48% and a negative return on equity of 21.06%. The business had revenue of $160.52 million for the quarter, compared to analysts' expectations of $155.82 million. On average, equities analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. JPMorgan Chase & Co. increased its stake in a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) by 103.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,310 shares of the company's stock after acquiring an additional 1,173 shares during the period. JPMorgan Chase & Co.'s holdings in a.k.a. Brands were worth $43,000 as of its most recent SEC filing. 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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