$0.02 EPS Expected for a.k.a. Brands Holding Corp. (NYSE:AKA) This Quarter

Wall Street brokerages expect a.k.a. Brands Holding Corp. (NYSE:AKAGet Rating) to post earnings per share (EPS) of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for a.k.a. Brands’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. The firm is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that a.k.a. Brands will report full-year earnings of $0.36 per share for the current financial year, with EPS estimates ranging from $0.32 to $0.39. For the next year, analysts forecast that the company will post earnings of $0.52 per share, with EPS estimates ranging from $0.45 to $0.58. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that cover a.k.a. Brands.

a.k.a. Brands (NYSE:AKAGet Rating) last announced its quarterly 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 company had revenue of $182.42 million during the quarter, compared to the consensus estimate of $178.60 million. During the same quarter in the previous year, the company posted $0.07 EPS. a.k.a. Brands’s revenue for the quarter was up 157.7% compared to the same quarter last year.

AKA has been the topic of a number of research analyst reports. Piper Sandler reduced their target price on 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. KeyCorp reduced their target price on 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. Zacks Investment Research downgraded a.k.a. Brands from a “hold” rating to a “sell” rating in a report on Monday, April 18th. Finally, Credit Suisse Group reduced their target price on 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $13.20.

NYSE:AKA traded down $0.10 during mid-day trading on Friday, reaching $3.65. 172,323 shares of the company’s stock traded hands, compared to its average volume of 294,663. a.k.a. Brands has a 12-month low of $3.48 and a 12-month high of $15.23. The company has a 50 day moving average price of $4.31 and a 200-day moving average price of $7.63. The company has a quick ratio of 0.63, a current ratio of 1.71 and a debt-to-equity ratio of 0.23.

In other a.k.a. Brands news, Director Myles B. Mccormick acquired 15,305 shares of the stock in a transaction that occurred on Monday, March 7th. The shares were acquired at an average cost of $4.00 per share, with a total value of $61,220.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Myles B. Mccormick acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 4th. The stock was acquired at an average cost of $4.28 per share, for a total transaction of $42,800.00. The disclosure for this purchase can be found here. Insiders purchased a total of 37,305 shares of company stock worth $155,740 in the last 90 days.

A number of hedge funds have recently added to or reduced their stakes in the stock. Caas Capital Management LP bought a new position in shares of a.k.a. Brands during the 3rd quarter valued at $6,420,000. Stephens Investment Management Group LLC lifted its holdings in shares of a.k.a. Brands by 61.3% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,812,770 shares of the company’s stock valued at $16,768,000 after buying an additional 689,210 shares during the period. Teacher Retirement System of Texas bought a new position in shares of a.k.a. Brands during the 3rd quarter valued at $4,922,000. Millennium Management LLC bought a new position in shares of a.k.a. Brands during the 3rd quarter valued at $3,865,000. Finally, BlackRock Inc. bought a new position in shares of a.k.a. Brands during the 4th quarter valued at $3,295,000. 63.46% 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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Earnings History and Estimates for a.k.a. Brands (NYSE:AKA)

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