a.k.a. Brands Holding Corp. (NYSE:AKA) Receives $6.68 Average Price Target from Brokerages

a.k.a. Brands Holding Corp. (NYSE:AKAGet Rating) has earned a consensus rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.68.

Several research firms have weighed in on AKA. Credit Suisse Group dropped their price target on a.k.a. Brands from $5.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, August 11th. Cowen downgraded a.k.a. Brands from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $10.00 to $2.20 in a research report on Monday, August 8th. KeyCorp initiated coverage on a.k.a. Brands in a research report on Wednesday, July 20th. They issued a “sector weight” rating for the company. Piper Sandler lowered their price objective on a.k.a. Brands from $10.00 to $5.00 and set an “overweight” rating for the company in a research report on Friday, July 22nd. Finally, Telsey Advisory Group lowered their price objective on a.k.a. Brands from $6.00 to $4.00 and set an “outperform” rating for the company in a research report on Thursday, August 11th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AKA. Signaturefd LLC acquired a new position in shares of a.k.a. Brands during the first quarter worth about $43,000. Strs Ohio lifted its stake in shares of a.k.a. Brands by 813.6% in the second quarter. Strs Ohio now owns 20,100 shares of the company’s stock worth $55,000 after acquiring an additional 17,900 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of a.k.a. Brands in the fourth quarter worth about $62,000. Bank of New York Mellon Corp lifted 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 acquiring an additional 4,538 shares in the last quarter. Finally, PDT Partners LLC acquired a new position in shares of a.k.a. Brands in the first quarter worth about $119,000. Institutional investors and hedge funds own 63.46% of the company’s stock.

a.k.a. Brands Stock Performance

Shares of AKA stock opened at $2.16 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 1.92. The stock has a fifty day moving average price of $2.61 and a 200 day moving average price of $4.09. The stock has a market cap of $277.94 million and a PE ratio of -16.62. a.k.a. Brands has a 1 year low of $1.80 and a 1 year high of $15.23.

a.k.a. Brands (NYSE:AKAGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $158.50 million for the quarter, compared to analysts’ expectations of $158.33 million. a.k.a. Brands had a positive return on equity of 1.27% and a negative net margin of 1.93%. a.k.a. Brands’s revenue for the quarter was up 6.2% compared to the same quarter last year. Sell-side analysts forecast that a.k.a. Brands will post 0.03 earnings per share for the current fiscal year.

About a.k.a. Brands

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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, mnml, and Rebdolls brands, as well as operates eight physical stores under the Culture Kings brand name.

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