a.k.a. Brands (NYSE:AKA) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• a.k.a. Brands has received a "Sell (D-)" rating from Weiss Ratings, indicating a negative outlook for the company’s stock.
• In contrast, Telsey Advisory Group raised its target price for a.k.a. Brands from $10.00 to $13.00 while maintaining a "market perform" rating, reflecting some level of optimism.
• The company's recent earnings report showed a loss of ($0.34) EPS, surpassing analysts’ expectations, but it continues to struggle with negative financial metrics.

a.k.a. Brands (NYSE:AKA - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Telsey Advisory Group boosted their target price on shares of 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. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, a.k.a. Brands presently has a consensus rating of "Hold" and an average price target of $20.00.

a.k.a. Brands Stock Up 1.9%

Shares of NYSE AKA traded up $0.18 during trading on Wednesday, reaching $9.60. 508 shares of the stock were exchanged, compared to its average volume of 9,769. The business's 50-day moving average price is $10.69 and its 200 day moving average price is $11.11. a.k.a. Brands has a twelve month low of $7.00 and a twelve month high of $27.47. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $104.05 million, a price-to-earnings ratio of -3.82 and a beta of 1.60.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.34) EPS for the quarter, topping analysts' consensus estimates 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. As a group, equities analysts forecast that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Institutional Trading of a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC bought a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 11,475 shares of the company's stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned about 0.11% of a.k.a. Brands at the end of the most recent reporting period. 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.

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