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 report released on Tuesday morning,Weiss Ratings reports.

AKA has been the subject of a number of other reports. Telsey Advisory Group dropped their price target 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 note on Friday, March 7th. Jefferies Financial Group set a $17.00 target price on a.k.a. Brands in a research report on Friday, March 7th. Finally, Lake Street Capital began coverage on a.k.a. Brands in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 price target on the stock.

a.k.a. Brands Stock Down 10.1 %

Shares of NYSE:AKA opened at $10.89 on Tuesday. The company has a market cap of $116.45 million, a price-to-earnings ratio of -3.77 and a beta of 1.35. 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. The company has a 50-day moving average price of $14.60 and a 200 day moving average price of $18.59.

a.k.a. Brands (NYSE:AKA) last posted 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). The company had revenue of $159.02 million during the quarter, compared to the consensus estimate of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. As a group, equities research analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current year.

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

Large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake 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 acquiring an additional 1,173 shares in the last quarter. Rhumbline Advisers increased its holdings 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. Finally, Geode Capital Management LLC raised its position in a.k.a. Brands by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after purchasing an additional 792 shares in the last quarter. 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.