Zacks: Brokerages Expect a.k.a. Brands Holding Corp. (NYSE:AKA) Will Post Quarterly Sales of $143.74 Million

Wall Street brokerages expect that a.k.a. Brands Holding Corp. (NYSE:AKA – Get Rating) will announce $143.74 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for a.k.a. Brands’ earnings, with the highest sales estimate coming in at $145.00 million and the lowest estimate coming in at $142.34 million. The company is expected to report its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that a.k.a. Brands will report full-year sales of $796.62 million for the current year, with estimates ranging from $786.50 million to $805.00 million. For the next year, analysts forecast that the company will post sales of $982.07 million, with estimates ranging from $942.59 million to $1.01 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow a.k.a. Brands.

a.k.a. Brands (NYSE:AKA – Get Rating) last released its earnings results on Tuesday, March 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $182.42 million for the quarter, compared to the consensus estimate of $178.60 million. During the same period last year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 157.7% on a year-over-year basis.

A number of research analysts have recently weighed in on the stock. Piper Sandler cut their price target on shares of a.k.a. Brands from $17.00 to $15.00 and set an “overweight” rating on the stock in a report on Wednesday, March 2nd. Credit Suisse Group cut their price target on shares of a.k.a. Brands from $11.70 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, March 2nd. KeyCorp cut their price target on shares of a.k.a. Brands from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Thursday, January 20th. Finally, Zacks Investment Research downgraded shares of a.k.a. Brands from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, a.k.a. Brands presently has an average rating of “Buy” and a consensus target price of $13.20.

In related news, Director Myles B. Mccormick purchased 15,305 shares of the firm’s stock in a transaction 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jill Elizabeth Ramsey purchased 12,000 shares of the firm’s stock in a transaction on Monday, March 7th. The stock was bought at an average price of $4.31 per share, for a total transaction of $51,720.00. The disclosure for this purchase can be found here. Insiders purchased a total of 37,305 shares of company stock worth $155,740 over the last quarter.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in a.k.a. Brands in the 4th quarter worth $3,295,000. Wells Fargo & Company MN acquired a new stake in shares of a.k.a. Brands during the 4th quarter valued at about $52,000. Deutsche Bank AG acquired a new stake in shares of a.k.a. Brands during the 4th quarter valued at about $54,000. California State Teachers Retirement System acquired a new stake in shares of a.k.a. Brands during the 4th quarter valued at about $48,000. Finally, Sylebra Capital Ltd acquired a new stake in shares of a.k.a. Brands during the 4th quarter valued at about $2,688,000. Institutional investors own 62.65% of the company’s stock.

a.k.a. Brands stock opened at $3.96 on Tuesday. The firm’s fifty day simple moving average is $5.47. The company has a current ratio of 1.71, a quick ratio of 0.63 and a debt-to-equity ratio of 0.23. a.k.a. Brands has a 1-year low of $3.86 and a 1-year high of $15.23.

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.

Recommended Stories