a.k.a. Brands (AKA) Set to Announce Earnings on Tuesday

a.k.a. Brands (NYSE:AKAGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.01 per share for the quarter. a.k.a. Brands has set its Q1 2022 guidance at EPS and its FY 2022 guidance at EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

a.k.a. Brands (NYSE:AKAGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 in the previous year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 157.7% compared to the same quarter last year. On average, analysts expect a.k.a. Brands to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of a.k.a. Brands stock opened at $3.69 on Tuesday. a.k.a. Brands has a 12-month low of $3.48 and a 12-month high of $15.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.71 and a quick ratio of 0.63. The firm has a 50-day moving average of $4.63.

In other news, Director Myles B. Mccormick purchased 15,305 shares of the company’s stock in a transaction on Monday, March 7th. The stock was bought at an average cost of $4.00 per share, for a total transaction of $61,220.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jill Elizabeth Ramsey purchased 12,000 shares of the company’s stock in a transaction on Monday, March 7th. The shares were purchased at an average price of $4.31 per share, with a total value of $51,720.00. The disclosure for this purchase can be found here. Insiders have purchased 37,305 shares of company stock worth $155,740 over the last quarter.

A number of large investors have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new stake in shares of a.k.a. Brands in the third quarter valued at about $2,454,000. Jane Street Group LLC acquired a new stake in shares of a.k.a. Brands in the third quarter valued at about $460,000. Citigroup Inc. grew its stake in shares of a.k.a. Brands by 252.4% in the fourth quarter. Citigroup Inc. now owns 2,904 shares of the company’s stock valued at $27,000 after buying an additional 2,080 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of a.k.a. Brands in the fourth quarter valued at about $34,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of a.k.a. Brands in the fourth quarter valued at about $191,000. Institutional investors own 63.46% of the company’s stock.

AKA has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of 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. Credit Suisse Group lowered 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 research report on Wednesday, March 2nd. Zacks Investment Research lowered shares of a.k.a. Brands from a “hold” rating to a “sell” rating in a research report on Monday, April 18th. Finally, KeyCorp lowered 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 research report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, a.k.a. Brands currently has an average rating of “Buy” and a consensus price target of $13.20.

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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