a.k.a. Brands Holding Corp. (NYSE:AKA) Receives Consensus Rating of “Hold” from Analysts

a.k.a. Brands Holding Corp. (NYSE:AKA) has received a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.09.

Several analysts have weighed in on the stock. Piper Sandler dropped their target price on shares of a.k.a. Brands from $24.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, August 10th. Wells Fargo & Company dropped their target price on shares of a.k.a. Brands from $9.00 to $8.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Telsey Advisory Group dropped their price objective on shares of a.k.a. Brands from $9.00 to $8.00 and set a “market perform” rating on the stock in a report on Thursday.

Institutional Trading of a.k.a. Brands

Several large investors have recently made changes to their positions in AKA. BlackRock Inc. boosted its holdings in a.k.a. Brands by 131.0% during the first quarter. BlackRock Inc. now owns 1,032,023 shares of the company’s stock worth $562,000 after buying an additional 585,353 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in a.k.a. Brands during the second quarter worth $169,000. Goldman Sachs Group Inc. boosted its holdings in a.k.a. Brands by 2,671.2% during the first quarter. Goldman Sachs Group Inc. now owns 388,437 shares of the company’s stock worth $1,717,000 after buying an additional 374,420 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in a.k.a. Brands by 361.5% during the second quarter. Renaissance Technologies LLC now owns 444,000 shares of the company’s stock worth $191,000 after buying an additional 347,800 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in a.k.a. Brands by 12.9% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 503,376 shares of the company’s stock worth $639,000 after buying an additional 57,453 shares in the last quarter. 55.44% of the stock is owned by hedge funds and other institutional investors.

a.k.a. Brands Stock Down 15.1 %

NYSE:AKA opened at $6.51 on Friday. The company has a market cap of $69.53 million, a PE ratio of -0.37 and a beta of 1.09. a.k.a. Brands has a twelve month low of $3.60 and a twelve month high of $24.96. The company has a current ratio of 1.97, a quick ratio of 0.67 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $6.08 and its two-hundred day moving average is $5.47.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Wednesday, August 9th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). The company had revenue of $136.03 million for the quarter, compared to analysts’ expectations of $138.45 million. a.k.a. Brands had a negative return on equity of 6.16% and a negative net margin of 33.59%. Analysts anticipate that a.k.a. Brands will post -1.53 EPS for the current year.

a.k.a. Brands Company Profile

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, and mnml brands, as well as operates physical stores under the Culture Kings brand name.