a.k.a. Brands (NYSE:AKA) Given “Sell (D-)” Rating at Weiss Ratings

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

Several other equities research analysts have also commented on the stock. Jefferies Financial Group set a $17.00 price objective on shares of a.k.a. Brands in a research report on Friday, March 7th. Lake Street Capital initiated 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. Finally, Telsey Advisory Group lowered their price target on shares of 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.

a.k.a. Brands Trading Up 11.9 %

Shares of a.k.a. Brands stock opened at $15.34 on Friday. The company has a 50-day moving average of $15.56 and a two-hundred day moving average of $19.75. 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 stock has a market cap of $163.98 million, a PE ratio of -5.31 and a beta of 1.39.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.74). The firm had revenue of $159.02 million during the quarter, compared to analysts’ expectations 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%. On average, research analysts anticipate that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

Institutional Trading of a.k.a. Brands

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC raised its stake 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 purchasing an additional 792 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $43,000 after buying an additional 1,173 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings 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 worth $73,000 after buying an additional 3,236 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.