Weiss Ratings reissued their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA - Free Report) in a research note released on Thursday,Weiss Ratings reports.
AKA has been the subject of a number of other research reports. Telsey Advisory Group decreased their price objective on shares of a.k.a. Brands from $22.00 to $18.00 and set a "market perform" rating for the company in a report on Friday, March 7th. Jefferies Financial Group set a $17.00 price target on shares of a.k.a. Brands in a research note on Friday, March 7th.
View Our Latest Stock Analysis on AKA
a.k.a. Brands Trading Down 3.9 %
Shares of AKA traded down $0.31 during midday trading on Thursday, hitting $7.57. The stock had a trading volume of 2,012 shares, compared to its average volume of 10,482. The stock's 50 day moving average is $12.09 and its 200 day moving average is $17.31. The firm has a market cap of $80.95 million, a PE ratio of -2.62 and a beta of 1.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 1 year low of $7.17 and a 1 year high of $33.73.
a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.74). The firm had revenue of $159.02 million during the quarter, compared to the consensus estimate of $158.98 million. a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. As a group, analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.
Hedge Funds Weigh In On a.k.a. Brands
Hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC lifted its holdings in a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock worth $276,000 after buying an additional 792 shares during the period. JPMorgan Chase & Co. boosted its position in a.k.a. Brands by 103.2% during 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 in the last quarter. Finally, Rhumbline Advisers grew its stake in a.k.a. Brands by 487.3% in the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock valued at $73,000 after purchasing an additional 3,236 shares during the last quarter. 55.35% of the stock is currently owned by institutional investors.
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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