a.k.a. Brands (NYSE:AKA) Earns Market Perform Rating from Telsey Advisory Group

a.k.a. Brands (NYSE:AKA)‘s stock had its “market perform” rating reissued by research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the stock. Telsey Advisory Group’s target price would suggest a potential downside of 1.70% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, October 8th. Zacks Research upgraded a.k.a. Brands from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, a.k.a. Brands has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

a.k.a. Brands Stock Performance

a.k.a. Brands stock opened at $13.23 on Wednesday. The stock has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $11.03. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. a.k.a. Brands has a 12-month low of $7.00 and a 12-month high of $26.76. The stock has a market capitalization of $143.36 million, a price-to-earnings ratio of -5.27 and a beta of 1.60.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.12. a.k.a. Brands had a negative return on equity of 21.06% and a negative net margin of 4.48%.The business had revenue of $160.52 million during the quarter, compared to analysts’ expectations of $155.82 million. On average, research analysts anticipate that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Institutional Trading of a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands as of its most recent SEC filing. 55.35% of the stock is currently owned by 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.