a.k.a. Brands Holding Corp. (NYSE:AKA) Expected to Earn Q1 2024 Earnings of ($0.40) Per Share

a.k.a. Brands Holding Corp. (NYSE:AKA) – KeyCorp issued their Q1 2024 EPS estimates for shares of a.k.a. Brands in a note issued to investors on Wednesday, November 8th. KeyCorp analyst N. Zatzkin expects that the company will post earnings of ($0.40) per share for the quarter. The consensus estimate for a.k.a. Brands’ current full-year earnings is ($1.53) per share. KeyCorp also issued estimates for a.k.a. Brands’ Q2 2024 earnings at ($0.02) EPS.

a.k.a. Brands (NYSE:AKA) last posted its quarterly earnings data on Wednesday, August 9th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.24) by ($0.24). a.k.a. Brands had a negative return on equity of 8.72% and a negative net margin of 47.38%. The company had revenue of $136.03 million during the quarter, compared to analysts’ expectations of $138.45 million.

Other research analysts also recently issued research reports about the stock. Telsey Advisory Group lowered their price target on shares of a.k.a. Brands from $9.00 to $8.00 and set a “market perform” rating for the company in a report on Thursday. Piper Sandler cut their price objective on shares of a.k.a. Brands from $24.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, August 10th. Finally, Wells Fargo & Company dropped their price objective on shares of a.k.a. Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, a.k.a. Brands has an average rating of “Hold” and an average target price of $19.09.

a.k.a. Brands Trading Up 3.7 %

Shares of AKA stock opened at $6.65 on Friday. The stock has a fifty day simple moving average of $6.09 and a two-hundred day simple moving average of $5.49. a.k.a. Brands has a 52-week low of $3.60 and a 52-week high of $24.96. The firm has a market capitalization of $70.69 million, a PE ratio of -0.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.67 and a current ratio of 1.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Shay Capital LLC acquired a new stake in a.k.a. Brands during the 4th quarter worth approximately $27,000. Jane Street Group LLC purchased a new position in a.k.a. Brands in the third quarter valued at about $28,000. Bank of New York Mellon Corp increased its position in shares of a.k.a. Brands by 24.2% during the first quarter. Bank of New York Mellon Corp now owns 23,254 shares of the company’s stock worth $103,000 after acquiring an additional 4,538 shares during the last quarter. PDT Partners LLC bought a new stake in a.k.a. Brands in the first quarter valued at about $119,000. Finally, Renaissance Technologies LLC boosted its stake in a.k.a. Brands by 24.1% in the third quarter. Renaissance Technologies LLC now owns 85,100 shares of the company’s stock valued at $123,000 after acquiring an additional 16,500 shares during the period. 55.44% of the stock is owned by hedge funds and other institutional investors.

About a.k.a. Brands

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.