Telsey Advisory Group Boosts a.k.a. Brands (NYSE:AKA) Price Target to $22.00

a.k.a. Brands (NYSE:AKA) had its price target hoisted by stock analysts at Telsey Advisory Group from $11.00 to $22.00 in a research note issued on Thursday, Briefing.com reports. The brokerage currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target indicates a potential upside of 9.45% from the company’s current price.

Separately, Truist Financial reaffirmed a “hold” rating and set a $10.00 price objective (down from $12.00) on shares of a.k.a. Brands in a research report on Friday, March 8th.

a.k.a. Brands Trading Up 12.9 %

Shares of NYSE AKA opened at $20.10 on Thursday. The company has a market cap of $210.65 million, a PE ratio of -2.18 and a beta of 1.34. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.52 and a current ratio of 1.58. The firm’s 50 day moving average price is $12.03 and its 200-day moving average price is $10.12. a.k.a. Brands has a 52-week low of $3.81 and a 52-week high of $24.75.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings data on Thursday, March 7th. The company reported ($1.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.46) by ($0.85). The business had revenue of $148.91 million during the quarter, compared to the consensus estimate of $154.41 million. a.k.a. Brands had a negative net margin of 18.10% and a negative return on equity of 15.31%. On average, equities research analysts expect that a.k.a. Brands will post -1.11 EPS for the current fiscal year.

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.