a.k.a. Brands (NYSE:AKA) Stock Price Down 4.5% – Here’s What Happened

Shares of a.k.a. Brands Holding Corp. (NYSE:AKA) were down 4.5% during trading on Monday . The stock traded as low as $13.58 and last traded at $13.5750. Approximately 1,577 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 12,532 shares. The stock had previously closed at $14.22.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AKA. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 target price on shares of a.k.a. Brands in a report on Thursday, November 6th. Zacks Research downgraded a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Lake Street Capital reissued a “buy” rating and issued a $25.00 price objective on shares of a.k.a. Brands in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $18.33.

a.k.a. Brands Price Performance

The company has a current ratio of 1.35, a quick ratio of 0.45 and a debt-to-equity ratio of 0.94. The stock has a 50-day moving average price of $12.25 and a 200 day moving average price of $11.73. The stock has a market capitalization of $120.29 million, a price-to-earnings ratio of -4.55 and a beta of 1.62.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.02). a.k.a. Brands had a negative return on equity of 23.20% and a negative net margin of 4.42%.The business had revenue of $147.08 million during the quarter, compared to analyst estimates of $154.87 million. As a group, equities research analysts expect that a.k.a. Brands Holding Corp. will post -1.57 earnings per share for the current year.

Institutional Investors Weigh In On a.k.a. Brands

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC acquired a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands as of its most recent SEC filing. Institutional investors and hedge funds own 55.35% of the company’s stock.

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.