a.k.a. Brands (NYSE:AKA) Trading 4.7% Higher – What’s Next?

a.k.a. Brands Holding Corp. (NYSE:AKA)’s stock price traded up 4.7% during mid-day trading on Wednesday . The stock traded as high as $10.99 and last traded at $10.99. Approximately 2,793 shares were traded during trading, a decline of 45% from the average daily volume of 5,042 shares. The stock had previously closed at $10.50.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, a.k.a. Brands has an average rating of “Hold” and an average price target of $19.00.

a.k.a. Brands Stock Performance

The stock has a market cap of $120.78 million, a P/E ratio of -4.43 and a beta of 1.39. The firm’s 50-day moving average is $10.93 and its two-hundred day moving average is $10.37. The company has a quick ratio of 0.40, a current ratio of 1.11 and a debt-to-equity ratio of 0.98.

a.k.a. Brands (NYSE:AKA) last posted its earnings results on Wednesday, August 5th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.35) by $0.34. a.k.a. Brands had a negative net margin of 4.43% and a negative return on equity of 20.93%. The company had revenue of $160.07 million during the quarter, compared to the consensus estimate of $162.62 million. As a group, research analysts expect that a.k.a. Brands Holding Corp. will post -1.73 EPS for the current year.

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

A hedge fund recently bought a new stake in a.k.a. Brands stock. 683 Capital Management LLC bought a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned about 0.34% of a.k.a. Brands at the end of the most recent reporting period. 55.35% of the stock is owned by institutional investors and hedge funds.

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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.