Q3 2024 EPS Estimates for a.k.a. Brands Holding Corp. Boosted by Analyst (NYSE:AKA)

a.k.a. Brands Holding Corp. (NYSE:AKA) – Research analysts at Telsey Advisory Group lifted their Q3 2024 earnings per share (EPS) estimates for a.k.a. Brands in a report released on Thursday, August 8th. Telsey Advisory Group analyst D. Telsey now forecasts that the company will earn ($0.10) per share for the quarter, up from their previous estimate of ($0.12). Telsey Advisory Group has a “Market Perform” rating and a $20.00 price target on the stock. The consensus estimate for a.k.a. Brands’ current full-year earnings is ($1.21) per share. Telsey Advisory Group also issued estimates for a.k.a. Brands’ Q4 2024 earnings at ($0.18) EPS, FY2024 earnings at ($1.35) EPS and FY2025 earnings at ($0.86) EPS.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.08. a.k.a. Brands had a negative return on equity of 17.80% and a negative net margin of 18.11%. The business had revenue of $148.93 million for the quarter, compared to analyst estimates of $134.86 million. During the same quarter in the prior year, the company posted ($0.48) earnings per share.

Separately, Truist Financial lowered their target price on a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.

a.k.a. Brands Price Performance

NYSE:AKA opened at $21.20 on Monday. The company has a quick ratio of 0.51, a current ratio of 1.62 and a debt-to-equity ratio of 0.73. The stock’s 50 day moving average price is $15.80 and its two-hundred day moving average price is $14.16. The firm has a market capitalization of $222.28 million, a price-to-earnings ratio of -2.30 and a beta of 1.36. a.k.a. Brands has a 12-month low of $3.81 and a 12-month high of $33.73.

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

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC raised its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. 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. 55.35% of the stock is owned by hedge funds and other institutional investors.

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.