a.k.a. Brands (NYSE:AKA) Price Target Cut to $20.00 by Analysts at Truist Financial

a.k.a. Brands (NYSE:AKA) had its price objective cut by investment analysts at Truist Financial from $22.00 to $20.00 in a report released on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the stock. Truist Financial’s target price would suggest a potential upside of 20.26% from the stock’s current price.

Separately, Telsey Advisory Group cut their target price on shares of a.k.a. Brands from $22.00 to $20.00 and set a “market perform” rating on the stock in a research note on Thursday.

a.k.a. Brands Trading Down 1.6 %

Shares of AKA stock traded down $0.27 during mid-day trading on Friday, reaching $16.63. The stock had a trading volume of 5,895 shares, compared to its average volume of 8,200. The company has a current ratio of 1.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.73. The stock’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $13.91. The firm has a market capitalization of $174.37 million, a PE ratio of -1.74 and a beta of 1.36. a.k.a. Brands has a 52-week low of $3.81 and a 52-week high of $33.73.

a.k.a. Brands (NYSE:AKA) last released its quarterly earnings data on Wednesday, August 7th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.08. The business had revenue of $148.93 million during the quarter, compared to analysts’ expectations of $134.86 million. a.k.a. Brands had a negative return on equity of 17.80% and a negative net margin of 18.11%. During the same quarter last year, the business posted ($0.48) EPS. Equities analysts expect that a.k.a. Brands will post -1.21 earnings per share for the current fiscal year.

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.