a.k.a. Brands (NYSE:AKA) Posts Quarterly Earnings Results, Beats Expectations By $0.34 EPS

a.k.a. Brands (NYSE:AKAGet Free Report) posted its earnings results on Tuesday. The company reported ($0.66) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.00) by $0.34, FiscalAI reports. a.k.a. Brands had a negative net margin of 5.24% and a negative return on equity of 23.52%. The firm had revenue of $132.46 million during the quarter, compared to analyst estimates of $131.17 million.

a.k.a. Brands Stock Up 6.1%

Shares of NYSE AKA traded up $0.67 during trading on Tuesday, hitting $11.73. The stock had a trading volume of 4,203 shares, compared to its average volume of 3,606. a.k.a. Brands has a 12 month low of $8.50 and a 12 month high of $16.38. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.23 and a quick ratio of 0.41. The company has a market capitalization of $126.91 million, a PE ratio of -4.00 and a beta of 1.50. The firm has a fifty day moving average of $10.23 and a two-hundred day moving average of $11.25.

Hedge Funds Weigh In On a.k.a. Brands

An institutional investor recently bought a new position in a.k.a. Brands stock. Bridgeway Capital Management LLC purchased a new position in a.k.a. Brands Holding Corp. (NYSE:AKAFree Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 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. 55.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Monday, April 20th. 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.00.

Read Our Latest Stock Report on AKA

a.k.a. Brands Company Profile

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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.

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Earnings History for a.k.a. Brands (NYSE:AKA)

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