a.k.a. Brands (NYSE:AKA) Shares Down 4.5% – Time to Sell?

a.k.a. Brands Holding Corp. (NYSE:AKA)’s share price traded down 4.5% during mid-day trading on Monday . The company traded as low as $13.58 and last traded at $13.5750. 1,577 shares changed hands during trading, a decline of 87% from the average session volume of 12,532 shares. The stock had previously closed at $14.22.

Wall Street Analysts Forecast Growth

AKA has been the subject of a number of research reports. Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, October 8th. Zacks Research cut shares of a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 target price on shares of a.k.a. Brands in a research note on Thursday, November 6th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $25.00 price target on shares of a.k.a. Brands in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, a.k.a. Brands presently has a consensus rating of “Hold” and a consensus price target of $18.33.

a.k.a. Brands Stock Down 4.5%

The company has a market cap of $145.80 million, a price-to-earnings ratio of -5.52 and a beta of 1.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.45 and a current ratio of 1.35. The stock’s fifty day moving average is $12.20 and its two-hundred day moving average is $11.75.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.02). The company had revenue of $147.08 million for the quarter, compared to analyst estimates of $154.87 million. a.k.a. Brands had a negative net margin of 4.42% and a negative return on equity of 23.20%. a.k.a. Brands has set its FY 2025 guidance at EPS. Sell-side analysts predict that a.k.a. Brands Holding Corp. will post -1.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On 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 position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned about 0.11% of a.k.a. Brands at the end of the most recent reporting period. Institutional investors own 55.35% of the company’s stock.

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.