Weiss Ratings Reaffirms Sell (D-) Rating for a.k.a. Brands (NYSE:AKA)

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reissued by investment analysts at Weiss Ratings in a research note issued on Tuesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the company. Telsey Advisory Group cut their price objective on a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, March 7th. Lake Street Capital started coverage on a.k.a. Brands in a research report on Monday, December 16th. They set a “buy” rating and a $30.00 price target on the stock. Finally, Jefferies Financial Group set a $17.00 price target on a.k.a. Brands in a research note on Friday, March 7th.

a.k.a. Brands Price Performance

Shares of a.k.a. Brands stock opened at $12.32 on Tuesday. The stock has a market capitalization of $131.68 million, a price-to-earnings ratio of -4.26 and a beta of 1.35. The company has a fifty day moving average of $14.69 and a 200-day moving average of $18.70. a.k.a. Brands has a 52-week low of $8.89 and a 52-week high of $33.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58.

a.k.a. Brands (NYSE:AKA) last announced its quarterly earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.74). The firm had revenue of $159.02 million for the quarter, compared to analysts’ expectations of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. Equities research analysts expect that a.k.a. Brands will post -1.57 EPS for the current year.

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

Large investors have recently made changes to their positions in the business. Rhumbline Advisers boosted its holdings in a.k.a. Brands by 487.3% in the fourth 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. JPMorgan Chase & Co. boosted its stake in a.k.a. Brands by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock worth $43,000 after purchasing an additional 1,173 shares in the last quarter. Finally, Geode Capital Management LLC grew its position 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 valued at $276,000 after purchasing an additional 792 shares during the last quarter. 55.35% of the stock is currently owned by hedge funds and other institutional investors.

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.