Weiss Ratings Reaffirms Sell (D-) Rating for a.k.a. Brands (NYSE:AKA)

Key Points

• Weiss Ratings has reaffirmed a "sell (D-)" rating for a.k.a. Brands (NYSE:AKA), indicating potential caution for investors.
• Despite Weiss's negative outlook, Zacks Research has upgraded a.k.a. Brands from a "hold" to a "strong-buy" rating, reflecting differing opinions among analysts.
• a.k.a. Brands' latest earnings report showed a revenue of $160.52 million, exceeding expectations, with a loss of $0.34 per share beating the anticipated $0.46 loss.

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

A number of other brokerages have also recently commented on AKA. Zacks Research raised shares of a.k.a. Brands from a "hold" rating to a "strong-buy" rating in a research note on Thursday, October 16th. Telsey Advisory Group lifted their price objective on shares of a.k.a. Brands from $10.00 to $13.00 and gave the stock a "market perform" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, a.k.a. Brands currently has an average rating of "Moderate Buy" and a consensus price target of $20.00.

a.k.a. Brands Price Performance

AKA traded up $1.36 during trading on Friday, hitting $14.63. 25,294 shares of the company traded hands, compared to its average volume of 14,930. The company has a market cap of $158.59 million, a PE ratio of -5.83 and a beta of 1.60. The stock's 50-day simple moving average is $10.92 and its two-hundred day simple moving average is $10.95. a.k.a. Brands has a 1 year low of $7.00 and a 1 year high of $26.79. The company has a current ratio of 1.32, a quick ratio of 0.54 and a debt-to-equity ratio of 0.88.

a.k.a. Brands (NYSE:AKA - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported ($0.34) earnings per share for the quarter, beating 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 company had revenue of $160.52 million during the quarter, compared to analysts' expectations of $155.82 million. As a group, sell-side analysts anticipate that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired 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 filing with the SEC. The firm acquired 11,475 shares of the company's stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands at the end of the most recent reporting period. 55.35% of the stock is owned by institutional investors and hedge funds.

a.k.a. Brands Company Profile

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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