a.k.a. Brands (NYSE:AKA) Downgraded to “Sell” at Zacks Investment Research

a.k.a. Brands (NYSE:AKAGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday, Zacks.com reports.

According to Zacks, “a.k.a. Brands provides platform for diversified, direct-to-consumer, digitally native fashion brands. The company’s brand portfolio includes Princess Polly, Culture Kings, Petal & Pup and Rebdolls. a.k.a. Brands is based in SAN FRANCISCO. “

Several other research firms also recently weighed in on AKA. Piper Sandler decreased their price objective on a.k.a. Brands from $17.00 to $15.00 and set an “overweight” rating for the company in a report on Wednesday, March 2nd. KeyCorp decreased their price objective on a.k.a. Brands from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Thursday, January 20th. Finally, Credit Suisse Group cut their price target on a.k.a. Brands from $11.70 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, March 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $13.20.

AKA traded down $0.25 on Monday, reaching $3.96. The company’s stock had a trading volume of 20,355 shares, compared to its average volume of 294,737. a.k.a. Brands has a fifty-two week low of $3.92 and a fifty-two week high of $15.23. The business has a 50 day simple moving average of $5.54. The company has a quick ratio of 0.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.23.

a.k.a. Brands (NYSE:AKAGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $182.42 million during the quarter, compared to analyst estimates of $178.60 million. The company’s revenue for the quarter was up 157.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share. On average, equities analysts anticipate that a.k.a. Brands will post 0.31 EPS for the current fiscal year.

In related news, Director Myles B. Mccormick acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The shares were acquired at an average price of $4.28 per share, with a total value of $42,800.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Myles B. Mccormick acquired 15,305 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were bought at an average cost of $4.00 per share, for a total transaction of $61,220.00. The disclosure for this purchase can be found here. Insiders acquired 37,305 shares of company stock valued at $155,740 in the last quarter.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in a.k.a. Brands in the 4th quarter worth about $3,295,000. Wells Fargo & Company MN acquired a new stake in a.k.a. Brands in the 4th quarter worth about $52,000. Deutsche Bank AG purchased a new position in shares of a.k.a. Brands in the 4th quarter worth about $54,000. California State Teachers Retirement System purchased a new position in shares of a.k.a. Brands in the 4th quarter worth about $48,000. Finally, Sylebra Capital Ltd purchased a new position in shares of a.k.a. Brands in the 4th quarter worth about $2,688,000. 62.65% of the stock is currently owned by institutional investors and hedge funds.

a.k.a. Brands Company Profile (Get Rating)

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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