Lake Street Capital Initiates Coverage on a.k.a. Brands (NYSE:AKA)

Research analysts at Lake Street Capital began coverage on shares of a.k.a. Brands (NYSE:AKA) in a report issued on Monday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Lake Street Capital’s target price would indicate a potential upside of 38.89% from the stock’s previous close.

Separately, Telsey Advisory Group upped their target price on a.k.a. Brands from $25.00 to $28.00 and gave the company a “market perform” rating in a research report on Friday, November 8th.

a.k.a. Brands Price Performance

AKA stock opened at $21.60 on Monday. 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 company’s fifty day simple moving average is $22.37 and its 200 day simple moving average is $20.15. a.k.a. Brands has a 12-month low of $7.00 and a 12-month high of $33.73. The firm has a market cap of $229.82 million, a price-to-earnings ratio of -7.47 and a beta of 1.36.

Institutional Inflows and Outflows

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC raised its holdings in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. 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.