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

Zacks Investment Research lowered shares of a.k.a. Brands (NYSE:AKAGet Rating) from a hold rating to a sell rating in a research report report published 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. “

A number of other analysts also recently issued reports on AKA. Credit Suisse Group decreased their price target on a.k.a. Brands from $11.70 to $9.00 and set a neutral rating for the company in a report on Wednesday, March 2nd. Piper Sandler lowered their price target 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $13.20.

a.k.a. Brands stock opened at $3.37 on Monday. a.k.a. Brands has a twelve month low of $3.05 and a twelve month high of $15.23. The company has a quick ratio of 0.85, a current ratio of 2.19 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $4.02 and its 200-day simple moving average is $7.12.

a.k.a. Brands (NYSE:AKAGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $148.32 million during the quarter, compared to analysts’ expectations of $143.37 million. The firm’s revenue was up 115.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. On average, analysts predict that a.k.a. Brands will post 0.28 earnings per share for the current fiscal year.

In other news, Director Myles B. Mccormick bought 15,305 shares of a.k.a. Brands stock in a transaction dated Monday, March 7th. The stock was bought at an average price of $4.00 per share, for a total transaction of $61,220.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Myles B. Mccormick bought 10,000 shares of the stock in a transaction dated Friday, March 4th. The stock was purchased 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 acquired a total of 37,305 shares of company stock worth $155,740 over the last quarter.

A number of hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. acquired a new stake in a.k.a. Brands in the third quarter valued at $430,000. Element Capital Management LLC purchased a new stake in a.k.a. Brands during the third quarter worth about $360,000. Ghisallo Capital Management LLC acquired a new position in a.k.a. Brands during the third quarter worth about $856,000. Caas Capital Management LP purchased a new position in a.k.a. Brands in the third quarter valued at about $6,420,000. Finally, Cinctive Capital Management LP acquired a new stake in shares of a.k.a. Brands during the 3rd quarter valued at approximately $171,000. 63.46% of the stock is currently owned by hedge funds and other institutional investors.

About a.k.a. Brands (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.

Featured Stories

Get a free copy of the Zacks research report on a.k.a. Brands (AKA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for a.k.a. Brands (NYSE:AKA)

Receive News & Ratings for a.k.a. Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for a.k.a. Brands and related companies with MarketBeat.com's FREE daily email newsletter.