a.k.a. Brands (NYSE:AKA) Earns Sell (D-) Rating from Weiss Ratings

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reaffirmed by stock analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

AKA has been the topic of a number of other research reports. Telsey Advisory Group cut their price target on shares of a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, March 7th. Jefferies Financial Group set a $17.00 price objective on shares of a.k.a. Brands in a research note on Friday, March 7th. Finally, Lake Street Capital assumed coverage on shares of a.k.a. Brands in a research note on Monday, December 16th. They issued a “buy” rating and a $30.00 price objective on the stock.

a.k.a. Brands Stock Up 12.4 %

AKA stock opened at $13.79 on Friday. a.k.a. Brands has a 12 month low of $8.89 and a 12 month high of $33.73. The firm has a 50 day simple moving average of $15.64 and a 200 day simple moving average of $19.80. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The firm has a market cap of $147.46 million, a PE ratio of -4.77 and a beta of 1.39.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.74). a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. The firm had revenue of $159.02 million for the quarter, compared to analyst estimates of $158.98 million. Equities research analysts forecast that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AKA. JPMorgan Chase & Co. increased its stake in shares of a.k.a. Brands by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock worth $43,000 after purchasing an additional 1,173 shares during the last quarter. Rhumbline Advisers increased its stake in shares of a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after purchasing an additional 3,236 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of a.k.a. Brands by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock worth $276,000 after purchasing an additional 792 shares during the last quarter. Institutional investors and hedge funds own 55.35% of the company’s stock.

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.