a.k.a. Brands (NYSE:AKA) Given New $9.00 Price Target at Telsey Advisory Group

a.k.a. Brands (NYSE:AKA) had its price objective trimmed by Telsey Advisory Group from $18.00 to $9.00 in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has a market perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Thursday, April 24th. Jefferies Financial Group set a $17.00 price objective on shares of a.k.a. Brands in a research note on Friday, March 7th.

a.k.a. Brands Stock Down 4.2 %

a.k.a. Brands stock opened at $7.27 on Tuesday. The firm has a 50 day moving average price of $11.18 and a two-hundred day moving average price of $16.56. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. a.k.a. Brands has a 52-week low of $7.08 and a 52-week high of $33.73. The firm has a market cap of $77.68 million, a price-to-earnings ratio of -2.51 and a beta of 1.42.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $158.98 million. Equities analysts predict that a.k.a. Brands will post -1.57 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AKA. Rhumbline Advisers raised its position in shares of a.k.a. Brands by 487.3% during the fourth 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 period. JPMorgan Chase & Co. increased its stake in a.k.a. Brands by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock worth $276,000 after buying an additional 792 shares during the last quarter. 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.