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

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Thursday,Weiss Ratings reports.

Separately, Telsey Advisory Group lifted their target price on shares of a.k.a. Brands from $10.00 to $13.00 and gave the company a “market perform” rating in a report on Thursday, August 7th.

a.k.a. Brands Trading Down 1.5%

NYSE AKA opened at $10.71 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.32 and a quick ratio of 0.54. The firm’s fifty day moving average price is $11.43 and its 200 day moving average price is $12.33. The company has a market capitalization of $116.04 million, a price-to-earnings ratio of -4.26 and a beta of 1.64. a.k.a. Brands has a 12 month low of $7.00 and a 12 month high of $32.25.

a.k.a. Brands (NYSE:AKA) last posted its earnings results on Wednesday, August 6th. The company reported ($0.34) EPS for the quarter, beating analysts’ consensus estimates of ($0.46) by $0.12. The firm had revenue of $160.52 million for the quarter, compared to the consensus estimate of $155.82 million. a.k.a. Brands had a negative net margin of 4.48% and a negative return on equity of 21.06%. On average, sell-side analysts expect that a.k.a. Brands will post -1.57 earnings per share for the current fiscal year.

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

Several institutional investors have recently modified their holdings of AKA. Bridgeway Capital Management LLC purchased a new stake in shares of a.k.a. Brands in the second quarter valued at about $118,000. JPMorgan Chase & Co. lifted its holdings in shares of a.k.a. Brands by 103.2% in the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of a.k.a. Brands by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after purchasing an additional 792 shares in the last quarter. Hedge funds and other 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.