a.k.a. Brands (NYSE:AKA) Price Target Cut to $18.00 by Analysts at Telsey Advisory Group

a.k.a. Brands (NYSE:AKA) had its price objective trimmed by Telsey Advisory Group from $22.00 to $18.00 in a research report released on Friday morning, Marketbeat Ratings reports. The firm currently has a market perform rating on the stock.

Other analysts have also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, February 19th. Lake Street Capital assumed coverage on shares of a.k.a. Brands in a report on Monday, December 16th. They set a “buy” rating and a $30.00 target price for the company.

a.k.a. Brands Trading Down 13.1 %

Shares of NYSE AKA opened at $13.22 on Friday. The firm’s 50 day moving average price is $16.91 and its 200-day moving average price is $20.59. The company has a market cap of $140.61 million, a PE ratio of -4.57 and a beta of 1.39. a.k.a. Brands has a 52-week low of $7.22 and a 52-week high of $33.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings data on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.74). The company had revenue of $159.02 million for the quarter, compared to the consensus estimate of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. On average, equities research analysts expect that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of AKA. Geode Capital Management LLC lifted its holdings in shares of a.k.a. Brands by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock worth $276,000 after acquiring an additional 792 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in a.k.a. Brands by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after buying an additional 1,173 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after buying an additional 3,236 shares in the last quarter. Institutional investors own 55.35% of the company’s stock.

a.k.a. Brands Company Profile

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.