a.k.a. Brands (NYSE:AKA) Issues Quarterly Earnings Results

a.k.a. Brands (NYSE:AKA) posted its quarterly earnings data on Thursday. The company reported ($1.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.85) by ($0.50), FiscalAI reports. a.k.a. Brands had a negative net margin of 4.42% and a negative return on equity of 23.20%. The company had revenue of $163.95 million during the quarter, compared to the consensus estimate of $164.45 million.

a.k.a. Brands Price Performance

Shares of AKA remained flat at $10.30 during mid-day trading on Thursday. 1,479 shares of the stock traded hands, compared to its average volume of 2,936. The firm has a market capitalization of $110.62 million, a PE ratio of -4.19 and a beta of 1.65. The firm’s fifty day simple moving average is $11.14 and its two-hundred day simple moving average is $11.44. The company has a current ratio of 1.35, a quick ratio of 0.45 and a debt-to-equity ratio of 0.94. a.k.a. Brands has a 52 week low of $7.00 and a 52 week high of $16.90.

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

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC purchased a new position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 55.35% of the company’s stock.

Analysts Set New Price Targets

AKA has been the subject of several research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $13.00 price target on shares of a.k.a. Brands in a research report on Thursday, November 6th. Lake Street Capital reaffirmed a “buy” rating and issued a $25.00 target price on shares of a.k.a. Brands in a research report on Thursday, November 6th. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Wednesday, January 21st. Finally, Zacks Research cut a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. 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’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $18.33.

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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.