a.k.a. Brands (NYSE:AKA – Free Report) had its price objective upped by Telsey Advisory Group from $20.00 to $25.00 in a report published on Friday morning, MarketBeat Ratings reports. The brokerage currently has a market perform rating on the stock.
Separately, Truist Financial lowered their price target on shares of a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating for the company in a report on Friday, August 9th.
a.k.a. Brands Price Performance
a.k.a. Brands (NYSE:AKA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.08. The firm had revenue of $148.93 million during the quarter, compared to analysts’ expectations of $134.86 million. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. During the same period in the previous year, the firm posted ($0.48) earnings per share. Analysts expect that a.k.a. Brands will post -1.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On a.k.a. Brands
A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC raised its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA – Free Report) by 11.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,369 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent quarter. 55.35% 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. The company offers streetwear apparel, dresses, tops, bottoms, shoes, headwear, and accessories through its online stores under the Princess Polly, Petal & Pup, Culture Kings, and mnml brands.
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