Weiss Ratings reissued their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA - Free Report) in a research note published on Saturday,Weiss Ratings reports.
A number of other analysts have also issued reports on the stock. Jefferies Financial Group set a $17.00 price target on shares of a.k.a. Brands in a research note on Friday, March 7th. Telsey Advisory Group raised their price objective on shares of a.k.a. Brands from $9.00 to $10.00 and gave the stock a "market perform" rating in a report on Wednesday, May 14th.
Get Our Latest Analysis on a.k.a. Brands
a.k.a. Brands Stock Down 2.1%
AKA traded down $0.27 during trading hours on Friday, reaching $12.65. 1,076 shares of the stock traded hands, compared to its average volume of 10,850. a.k.a. Brands has a fifty-two week low of $7.00 and a fifty-two week high of $32.25. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The company has a market cap of $135.49 million, a price-to-earnings ratio of -4.37 and a beta of 1.42. The firm's fifty day simple moving average is $10.99 and its two-hundred day simple moving average is $15.35.
a.k.a. Brands (NYSE:AKA - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported ($0.78) earnings per share for the quarter, beating the consensus estimate of ($0.95) by $0.17. 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 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in AKA. JPMorgan Chase & Co. raised its stake 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 worth $43,000 after acquiring an additional 1,173 shares during the period. Rhumbline Advisers grew its holdings in a.k.a. Brands by 487.3% in the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company's stock worth $73,000 after buying an additional 3,236 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in a.k.a. Brands by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company's stock valued at $276,000 after acquiring an additional 792 shares during the period. Institutional investors and hedge funds 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.
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