a.k.a. Brands Holding Corp. (NYSE:AKA – Get Rating) has been assigned an average rating of "Moderate Buy" from the ten ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $6.68.
Several analysts recently issued reports on AKA shares. Piper Sandler cut their target price on a.k.a. Brands from $10.00 to $5.00 and set an "overweight" rating on the stock in a research note on Friday, July 22nd. Credit Suisse Group cut their target price on a.k.a. Brands from $5.00 to $4.00 and set a "neutral" rating on the stock in a research note on Thursday, August 11th. Cowen cut a.k.a. Brands from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $10.00 to $2.20 in a research report on Monday, August 8th. Cowen cut a.k.a. Brands from an "outperform" rating to a "market perform" rating and cut their price objective for the company from $10.00 to $2.20 in a research report on Monday, August 8th. Finally, Wells Fargo & Company cut their price objective on a.k.a. Brands from $5.00 to $3.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 11th.
Get a.k.a. Brands alerts:Hedge Funds Weigh In On a.k.a. Brands
Several large investors have recently made changes to their positions in AKA. Signaturefd LLC purchased a new position in shares of a.k.a. Brands during the first quarter valued at approximately $43,000. Strs Ohio lifted its holdings in shares of a.k.a. Brands by 813.6% during the second quarter. Strs Ohio now owns 20,100 shares of the company's stock valued at $55,000 after purchasing an additional 17,900 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of a.k.a. Brands by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 23,254 shares of the company's stock valued at $103,000 after purchasing an additional 4,538 shares during the last quarter. PDT Partners LLC purchased a new position in shares of a.k.a. Brands during the first quarter valued at approximately $119,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of a.k.a. Brands by 1,039.7% during the first quarter. JPMorgan Chase & Co. now owns 41,474 shares of the company's stock valued at $184,000 after purchasing an additional 37,835 shares during the last quarter. 59.00% of the stock is currently owned by hedge funds and other institutional investors.
a.k.a. Brands Stock Up 2.1 %
Shares of NYSE:AKA opened at $1.45 on Monday. The company has a current ratio of 1.92, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $186.58 million and a P/E ratio of -11.15. a.k.a. Brands has a 12-month low of $1.33 and a 12-month high of $15.23. The stock's 50-day moving average price is $1.93 and its 200-day moving average price is $3.03.a.k.a. Brands (NYSE:AKA – Get Rating) last posted its earnings results on Wednesday, August 10th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $158.50 million during the quarter, compared to the consensus estimate of $158.33 million. a.k.a. Brands had a positive return on equity of 1.27% and a negative net margin of 1.93%. a.k.a. Brands's revenue was up 6.2% compared to the same quarter last year. On average, equities analysts anticipate that a.k.a. Brands will post -0.04 earnings per share for the current year.
About a.k.a. Brands
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a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. It offers apparel, footwear, and accessories through its online stores under the Princess Polly, Culture Kings, Petal & Pup, mnml, and Rebdolls brands, as well as operates eight physical stores under the Culture Kings brand name.
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