a.k.a. Brands (NYSE:AKA – Free Report) had its target price boosted by Telsey Advisory Group from $20.00 to $25.00 in a research note issued to investors on Friday, Marketbeat.com reports. Telsey Advisory Group currently has a market perform rating on the stock.
Separately, Truist Financial lowered their target price on a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.
View Our Latest Research Report on a.k.a. Brands
a.k.a. Brands Price Performance
a.k.a. Brands (NYSE:AKA – Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.08. The business had revenue of $148.93 million for the quarter, compared to the consensus estimate of $134.86 million. a.k.a. Brands had a negative net margin of 17.19% and a negative return on equity of 18.76%. During the same period in the previous year, the firm earned ($0.48) EPS. On average, research analysts expect that a.k.a. Brands will post -1.11 earnings per share for the current year.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC raised its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA – Free Report) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,369 shares of the company’s stock after acquiring an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. 55.35% of the stock is currently owned by institutional investors and hedge funds.
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.
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