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

Weiss Ratings reiterated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA) in a research report released on Saturday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on the company. Telsey Advisory Group dropped their price target on a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, March 7th. Jefferies Financial Group set a $17.00 target price on a.k.a. Brands in a report on Friday, March 7th. Finally, Lake Street Capital started coverage on a.k.a. Brands in a report on Monday, December 16th. They set a “buy” rating and a $30.00 price target for the company.

a.k.a. Brands Stock Performance

Shares of AKA opened at $15.34 on Friday. The company’s 50 day simple moving average is $15.56 and its 200-day simple moving average is $19.75. The firm has a market cap of $163.98 million, a PE ratio of -5.31 and a beta of 1.39. a.k.a. Brands has a 12-month low of $8.89 and a 12-month high of $33.73. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77.

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

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

A number of hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after purchasing an additional 3,236 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of a.k.a. Brands by 103.2% in 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 in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of a.k.a. Brands by 5.7% in 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 in the last quarter. Institutional investors and hedge funds own 55.35% of the company’s stock.

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.