Telsey Advisory Group Cuts a.k.a. Brands (NYSE:AKA) Price Target to $20.00

Posted by Jeff Wilder on Aug 12th, 2024

a.k.a. Brands (NYSE:AKA – Free Report) had its price objective lowered by Telsey Advisory Group from $22.00 to $20.00 in a research report sent to investors on Thursday morning, StockNewsAPI reports. The brokerage currently has a market perform rating on the stock.

a.k.a. Brands Trading Down 3.9 %

AKA stock opened at $16.24 on Thursday. The firm has a market cap of $170.28 million, a P/E ratio of -1.76 and a beta of 1.36. a.k.a. Brands has a 52-week low of $3.81 and a 52-week high of $33.73. The company’s 50-day simple moving average is $15.68 and its 200-day simple moving average is $14.02. The company has a quick ratio of 0.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.73.

a.k.a. Brands (NYSE:AKA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.08. The firm had revenue of $148.93 million for the quarter, compared to analyst estimates of $134.86 million. a.k.a. Brands had a negative net margin of 18.11% and a negative return on equity of 17.80%. During the same period last year, the company posted ($0.48) EPS. As a group, equities analysts forecast that a.k.a. Brands will post -1.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC grew its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA – Free Report) by 11.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. 55.35% of the stock is owned by institutional investors.

a.k.a. Brands Company Profile

(Get Free Report)

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.