a.k.a. Brands’ (AKA) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA) in a research report sent to investors on Friday,Weiss Ratings reports.

A number of other research analysts have also weighed in on the stock. Lake Street Capital began coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They set a “buy” rating and a $30.00 target price for the company. Telsey Advisory Group cut their target price on shares of a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday.

a.k.a. Brands Trading Down 13.1 %

Shares of NYSE:AKA opened at $13.22 on Friday. The stock has a market capitalization of $140.61 million, a price-to-earnings ratio of -4.57 and a beta of 1.39. a.k.a. Brands has a 1-year low of $7.22 and a 1-year high of $33.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The company has a 50 day moving average price of $16.79 and a 200 day moving average price of $20.47.

a.k.a. Brands (NYSE:AKA) last issued its earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.74). The business had revenue of $159.02 million for the quarter, compared to the consensus estimate of $158.98 million. a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. On average, research analysts anticipate that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AKA. Rhumbline Advisers raised its position in shares of a.k.a. Brands by 487.3% during the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after buying an additional 3,236 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of a.k.a. Brands by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after buying an additional 1,173 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in shares of a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after buying an additional 792 shares during the last quarter. Institutional investors and hedge funds 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.