a.k.a. Brands (NYSE:AKA) Posts Earnings Results

a.k.a. Brands (NYSE:AKA) issued its quarterly earnings results on Tuesday. The company reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.00) by $0.34, FiscalAI reports. a.k.a. Brands had a negative return on equity of 23.52% and a negative net margin of 5.24%.The company had revenue of $132.46 million for the quarter, compared to analyst estimates of $131.17 million.

a.k.a. Brands Trading Up 6.1%

Shares of a.k.a. Brands stock traded up $0.67 during trading hours on Tuesday, reaching $11.73. 7,382 shares of the company’s stock were exchanged, compared to its average volume of 3,624. a.k.a. Brands has a 52-week low of $8.50 and a 52-week high of $16.38. The firm has a market capitalization of $126.91 million, a price-to-earnings ratio of -4.00 and a beta of 1.50. The company has a fifty day moving average of $10.23 and a 200-day moving average of $11.25. The company has a current ratio of 1.23, a quick ratio of 0.41 and a debt-to-equity ratio of 1.07.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in a.k.a. Brands stock. 683 Capital Management LLC bought a new position in a.k.a. Brands Holding Corp. (NYSE:AKA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned 0.34% 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.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research note on Monday, April 20th. One equities 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. According to MarketBeat.com, a.k.a. Brands has a consensus rating of “Hold” and an average price target of $19.00.

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.