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 reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Saturday,Weiss Ratings reports.

Several other equities research analysts have also recently issued reports on AKA. Jefferies Financial Group set a $17.00 price target on a.k.a. Brands in a research note on Friday, March 7th. Telsey Advisory Group lowered their price objective on shares of a.k.a. Brands from $18.00 to $9.00 and set a “market perform” rating for the company in a research report on Tuesday, May 6th.

a.k.a. Brands Trading Up 7.7%

Shares of NYSE:AKA opened at $7.99 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The stock has a market cap of $85.44 million, a PE ratio of -2.76 and a beta of 1.42. The business has a 50 day moving average of $11.05 and a 200-day moving average of $16.34. a.k.a. Brands has a 12-month low of $7.00 and a 12-month high of $33.73.

a.k.a. Brands (NYSE:AKA) last issued its quarterly 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). The company had revenue of $159.02 million during the quarter, compared to the consensus estimate of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. As a group, equities research analysts forecast that a.k.a. Brands will post -1.57 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Rhumbline Advisers increased its holdings 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 buying an additional 3,236 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of a.k.a. Brands by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock worth $43,000 after buying an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of a.k.a. Brands by 5.7% in the fourth 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. 55.35% of the stock is currently owned by institutional investors and hedge funds.

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.