a.k.a. Brands (NYSE:AKA) Issues Earnings Results

a.k.a. Brands (NYSE:AKA) issued its quarterly earnings data on Thursday. The company reported ($1.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.50), FiscalAI reports. The business had revenue of $163.95 million for the quarter, compared to the consensus estimate of $164.45 million. a.k.a. Brands had a negative net margin of 4.42% and a negative return on equity of 23.20%.

a.k.a. Brands Price Performance

AKA remained flat at $10.30 during trading on Thursday. 1,480 shares of the company’s stock were exchanged, compared to its average volume of 2,953. The stock has a 50-day simple moving average of $11.14 and a two-hundred day simple moving average of $11.44. 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 company has a market capitalization of $110.62 million, a P/E ratio of -4.19 and a beta of 1.65. a.k.a. Brands has a twelve month low of $7.00 and a twelve month high of $16.90.

Analysts Set New Price Targets

A number of brokerages have issued reports on AKA. Zacks Research lowered a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of a.k.a. Brands in a research report on Thursday, November 6th. Telsey Advisory Group reissued a “market perform” rating and set a $13.00 target price on shares of a.k.a. Brands in a research note 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, January 21st. One 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 data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $18.33.

Institutional Trading of 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 a.k.a. Brands Holding Corp. (NYSE:AKA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned about 0.11% of a.k.a. Brands as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.