a.k.a. Brands’ (AKA) “Sell (D-)” Rating Reaffirmed at Weiss Ratings

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reiterated by equities research analysts at Weiss Ratings in a research report issued on Friday,Weiss Ratings reports.

Several other equities analysts have also recently issued reports on the company. Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a report on Friday, March 7th. Telsey Advisory Group lifted their price objective on a.k.a. Brands from $9.00 to $10.00 and gave the stock a “market perform” rating in a report on Wednesday, May 14th.

a.k.a. Brands Stock Up 0.9%

AKA opened at $11.09 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.52 and a quick ratio of 0.56. The business has a 50 day simple moving average of $10.98 and a 200-day simple moving average of $14.12. The stock has a market capitalization of $118.83 million, a P/E ratio of -4.64 and a beta of 1.72. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $32.25.

a.k.a. Brands (NYSE:AKA) last posted its quarterly earnings results on Tuesday, May 13th. The company reported ($0.78) EPS for the quarter, beating the consensus estimate of ($0.95) by $0.17. a.k.a. Brands had a negative return on equity of 19.03% and a negative net margin of 4.33%. On average, equities analysts anticipate that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

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

Institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in shares of a.k.a. Brands by 487.3% in the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after acquiring an additional 3,236 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of a.k.a. Brands by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after purchasing an additional 1,173 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of a.k.a. Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after purchasing an additional 792 shares during the period. 55.35% of the stock is owned by institutional investors and hedge funds.

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. 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.