a.k.a. Brands (NYSE:AKA) Upgraded by Zacks Research to Strong-Buy Rating

Key Points

• a.k.a. Brands has been upgraded from a "hold" to a "strong-buy" rating by Zacks Research, indicating increased confidence in the company's stock performance.
• The company reported a quarterly revenue of $160.52 million, surpassing analysts' expectations of $155.82 million, along with an EPS of -$0.34, better than the estimate of -$0.46.
• Institutional ownership is significant, with 55.35% of the stock held by hedge funds and other institutional investors, and a recent investment from Bridgeway Capital Management acquiring shares valued at approximately $118,000.

a.k.a. Brands (NYSE:AKA - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the company. Telsey Advisory Group upped their price objective on a.k.a. Brands from $10.00 to $13.00 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of a.k.a. Brands in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given 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, a.k.a. Brands currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

a.k.a. Brands Price Performance

a.k.a. Brands stock opened at $14.90 on Thursday. The business has a 50-day simple moving average of $10.72 and a 200 day simple moving average of $10.95. a.k.a. Brands has a 52 week low of $7.00 and a 52 week 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 stock has a market cap of $161.46 million, a price-to-earnings ratio of -5.93 and a beta of 1.60.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.12. a.k.a. Brands had a negative return on equity of 21.06% and a negative net margin of 4.48%.The firm had revenue of $160.52 million during the quarter, compared to analysts' expectations of $155.82 million. On average, research analysts forecast that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC purchased a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 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. 55.35% of the stock is owned by hedge funds and other 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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