Weiss Ratings Reiterates Sell (D-) Rating for a.k.a. Brands (NYSE:AKA)

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reaffirmed by Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.

Separately, Telsey Advisory Group boosted their target price on a.k.a. Brands from $10.00 to $13.00 and gave the company a “market perform” rating in a research report on Thursday, August 7th.

a.k.a. Brands Stock Down 2.3%

NYSE AKA opened at $10.87 on Thursday. The company has a quick ratio of 0.54, a current ratio of 1.32 and a debt-to-equity ratio of 0.88. a.k.a. Brands has a 52 week low of $7.00 and a 52 week high of $32.25. The firm has a market capitalization of $117.83 million, a price-to-earnings ratio of -4.33 and a beta of 1.64. The company has a fifty day moving average of $11.48 and a two-hundred day moving average of $12.37.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Wednesday, August 6th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.46) by $0.12. a.k.a. Brands had a negative net margin of 4.48% and a negative return on equity of 21.06%. The firm had revenue of $160.52 million during the quarter, compared to analyst estimates of $155.82 million. On average, analysts predict that a.k.a. Brands will post -1.57 earnings per share for the current year.

Institutional Trading of a.k.a. Brands

A hedge fund recently raised its stake in a.k.a. Brands stock. JPMorgan Chase & Co. boosted its stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 103.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,310 shares of the company’s stock after buying an additional 1,173 shares during the quarter. JPMorgan Chase & Co.’s holdings in a.k.a. Brands were worth $43,000 as of its most recent SEC filing. 55.35% of the stock is currently owned by institutional investors.

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.