a.k.a. Brands (NYSE:AKA) Receives “Sell (D-)” Rating from Weiss Ratings

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reissued by Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other research firms have also recently issued reports on AKA. Telsey Advisory Group decreased their price target on a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating on the stock in a report on Tuesday, January 14th. Lake Street Capital assumed coverage on a.k.a. Brands in a report on Monday, December 16th. They set a “buy” rating and a $30.00 target price on the stock.

a.k.a. Brands Price Performance

a.k.a. Brands stock opened at $17.44 on Wednesday. The business’s 50-day simple moving average is $17.99 and its 200 day simple moving average is $20.82. The stock has a market cap of $185.51 million, a price-to-earnings ratio of -6.03 and a beta of 1.37. a.k.a. Brands has a 12-month low of $7.22 and a 12-month high of $33.73. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in a.k.a. Brands by 103.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock worth $43,000 after buying an additional 1,173 shares during the last quarter. Rhumbline Advisers boosted its holdings in a.k.a. Brands by 487.3% during the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after buying an additional 3,236 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock worth $276,000 after buying an additional 792 shares during 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.