a.k.a. Brands (NYSE:AKA) Given Market Perform Rating at Telsey Advisory Group

a.k.a. Brands (NYSE:AKA)‘s stock had its “market perform” rating reaffirmed by research analysts at Telsey Advisory Group in a note issued to investors on Friday,Benzinga reports. They currently have a $22.00 target price on the stock. Telsey Advisory Group’s price objective would suggest a potential upside of 53.61% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Lake Street Capital began coverage on a.k.a. Brands in a research note on Monday, December 16th. They set a “buy” rating and a $30.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, February 19th.

a.k.a. Brands Stock Performance

AKA stock opened at $14.32 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 1 year low of $7.22 and a 1 year high of $33.73. The company has a market cap of $152.39 million, a P/E ratio of -4.96 and a beta of 1.37. The stock’s fifty day moving average price is $17.50 and its 200-day moving average price is $20.82.

Institutional Trading of a.k.a. Brands

Several hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of 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. Rhumbline Advisers increased its holdings in a.k.a. Brands by 487.3% in the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after acquiring an additional 3,236 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in a.k.a. Brands by 5.7% during 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 period. 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.