a.k.a. Brands Holding Corp. (NYSE:AKA - Get Free Report)'s share price traded down 6.3% on Tuesday . The stock traded as low as $9.78 and last traded at $9.98. 2,994 shares changed hands during trading, a decline of 17% from the average session volume of 3,624 shares. The stock had previously closed at $10.65.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $19.00.
Get Our Latest Analysis on AKA
a.k.a. Brands Stock Performance
The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.41 and a current ratio of 1.23. The stock has a 50-day moving average price of $10.19 and a two-hundred day moving average price of $11.28.
a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported ($0.80) earnings per share for the quarter, beating analysts' consensus estimates of ($0.85) by $0.05. The firm had revenue of $163.95 million for the quarter, compared to analysts' expectations of $164.45 million. a.k.a. Brands had a negative return on equity of 23.52% and a negative net margin of 5.24%. As a group, equities analysts forecast that a.k.a. Brands Holding Corp. will post -1.57 earnings per share for the current fiscal year.
Institutional Trading of a.k.a. Brands
An institutional investor recently bought a new position 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) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,475 shares of the company's stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned 0.11% of a.k.a. Brands at the end of the most recent quarter. Institutional investors own 55.35% of the company's stock.
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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.
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