Telsey Advisory Group Issues Positive Forecast for a.k.a. Brands (NYSE:AKA) Stock Price

a.k.a. Brands (NYSE:AKA) had its price objective raised by research analysts at Telsey Advisory Group from $25.00 to $28.00 in a research report issued on Friday. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 7.32% from the company’s previous close.

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

a.k.a. Brands Price Performance

Shares of NYSE AKA traded up $0.72 during midday trading on Friday, reaching $26.09. The stock had a trading volume of 4,653 shares, compared to its average volume of 8,521. The company has a market capitalization of $275.25 million, a price-to-earnings ratio of -2.91 and a beta of 1.41. a.k.a. Brands has a 12-month low of $6.10 and a 12-month high of $33.73. The stock has a 50-day moving average of $23.75 and a 200-day moving average of $19.73. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.48 and a current ratio of 1.55.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings results on Wednesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.08. The business had revenue of $148.93 million during the quarter, compared to analyst estimates of $134.86 million. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. During the same quarter in the prior year, the business posted ($0.48) EPS. As a group, research analysts anticipate that a.k.a. Brands will post -1.11 EPS for the current fiscal year.

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

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC grew its holdings in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,369 shares of the company’s stock after buying an additional 3,100 shares during the quarter. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting period. 55.35% of the stock is owned by 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.