a.k.a. Brands (NYSE:AKA) Stock Price Down 3.1% – Time to Sell?
by Jessica Moore · The Cerbat Gema.k.a. Brands Holding Corp. (NYSE:AKA – Get Free Report) shares traded down 3.1% during trading on Tuesday . The stock traded as low as $8.73 and last traded at $8.73. 4,830 shares changed hands during trading, a decline of 19% from the average session volume of 5,932 shares. The stock had previously closed at $9.01.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Get Our Latest Research Report on AKA
a.k.a. Brands Price Performance
The firm’s fifty day simple moving average is $10.27 and its 200 day simple moving average is $10.74. The firm has a market cap of $99.00 million, a P/E ratio of -3.26 and a beta of 1.44. The company has a debt-to-equity ratio of 1.09, a quick ratio of 0.55 and a current ratio of 1.19.
a.k.a. Brands (NYSE:AKA – Get Free Report) last announced its earnings results on Tuesday, May 12th. The company reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.98) by $0.32. The firm had revenue of $132.46 million for the quarter, compared to analysts’ expectations of $131.17 million. a.k.a. Brands had a negative net margin of 5.00% and a negative return on equity of 23.32%. As a group, analysts forecast that a.k.a. Brands Holding Corp. will post -1.77 earnings per share for the current year.
Institutional Trading of a.k.a. Brands
A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC bought a new stake in shares of a.k.a. Brands Holding Corp. (NYSE:AKA – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned approximately 0.11% of a.k.a. Brands at the end of the most recent quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.
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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.