a.k.a. Brands Holding Corp. (NYSE:AKA) Expected to Earn FY2023 Earnings of ($1.95) Per Share

a.k.a. Brands Holding Corp. (NYSE:AKA) – Equities researchers at Telsey Advisory Group dropped their FY2023 earnings per share (EPS) estimates for a.k.a. Brands in a research report issued to clients and investors on Thursday, November 9th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will post earnings per share of ($1.95) for the year, down from their previous forecast of ($1.51). Telsey Advisory Group currently has a “Market Perform” rating and a $8.00 target price on the stock. The consensus estimate for a.k.a. Brands’ current full-year earnings is ($1.81) per share. Telsey Advisory Group also issued estimates for a.k.a. Brands’ Q4 2023 earnings at ($0.50) EPS and FY2024 earnings at ($0.91) EPS.

A number of other analysts have also recently issued reports on the company. Wells Fargo & Company reduced their price objective on a.k.a. Brands from $9.00 to $8.00 and set an “equal weight” rating for the company in a research report on Thursday. Piper Sandler reduced their price objective on a.k.a. Brands from $24.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, August 10th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $19.09.

a.k.a. Brands Price Performance

AKA opened at $6.65 on Monday. The stock has a market cap of $70.69 million, a price-to-earnings ratio of -0.28 and a beta of 1.09. a.k.a. Brands has a 1 year low of $3.60 and a 1 year high of $24.96. The company has a current ratio of 1.75, a quick ratio of 0.67 and a debt-to-equity ratio of 0.64. The stock has a fifty day moving average price of $6.09 and a 200 day moving average price of $5.50.

Hedge Funds Weigh In On a.k.a. Brands

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of a.k.a. Brands in the third quarter worth about $28,000. Shay Capital LLC bought a new position in shares of a.k.a. Brands in the fourth quarter worth about $27,000. Bank of New York Mellon Corp increased its stake in shares of a.k.a. Brands by 24.2% in the first quarter. Bank of New York Mellon Corp now owns 23,254 shares of the company’s stock worth $103,000 after purchasing an additional 4,538 shares during the period. PDT Partners LLC bought a new position in shares of a.k.a. Brands in the first quarter worth about $119,000. Finally, JPMorgan Chase & Co. increased its stake in shares of a.k.a. Brands by 1,039.7% in the first quarter. JPMorgan Chase & Co. now owns 41,474 shares of the company’s stock worth $184,000 after purchasing an additional 37,835 shares during the period. 55.44% of the stock is currently owned by institutional investors.

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.