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

Weiss Ratings restated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA) in a report released on Saturday,Weiss Ratings reports.

AKA has been the subject of several other reports. Telsey Advisory Group cut their price target on shares of a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, March 7th. Lake Street Capital started coverage on shares of a.k.a. Brands in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Jefferies Financial Group set a $17.00 price target on shares of a.k.a. Brands in a report on Friday, March 7th.

a.k.a. Brands Stock Up 12.4 %

AKA opened at $13.79 on Friday. The company has a 50 day moving average of $15.64 and a 200 day moving average of $19.80. The company has a market cap of $147.46 million, a PE ratio of -4.77 and a beta of 1.39. a.k.a. Brands has a 12 month low of $8.89 and a 12 month high of $33.73. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings data on Thursday, March 6th. The company reported ($0.88) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.74). The business 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 return on equity of 20.82% and a negative net margin of 5.41%. On average, sell-side analysts expect that a.k.a. Brands will post -1.57 EPS for the current year.

Institutional Trading of a.k.a. Brands

Several institutional investors and hedge funds have recently made changes to their positions in AKA. Rhumbline Advisers raised its position in shares of a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after buying an additional 3,236 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of 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 buying an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of a.k.a. Brands by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after buying an additional 792 shares in the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

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.