a.k.a. Brands (NYSE:AKA) Price Target Raised to $28.00

a.k.a. Brands (NYSE:AKA) had its target price raised by research analysts at Telsey Advisory Group from $25.00 to $28.00 in a report released on Friday. The brokerage presently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective would indicate a potential upside of 7.32% from the stock’s current price.

Separately, Truist Financial cut their target price on a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, August 9th.

a.k.a. Brands Stock Up 2.8 %

NYSE AKA traded up $0.72 during trading hours on Friday, reaching $26.09. 4,653 shares of the company’s stock traded hands, compared to its average volume of 8,521. The firm has a market cap of $275.25 million, a PE ratio of -2.91 and a beta of 1.41. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 0.48. a.k.a. Brands has a 52-week low of $6.10 and a 52-week high of $33.73. The firm has a 50-day simple moving average of $23.75 and a 200 day simple moving average of $19.73.

a.k.a. Brands (NYSE:AKA) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.08. The business had revenue of $148.93 million during the quarter, compared to analysts’ expectations of $134.86 million. a.k.a. Brands had a negative return on equity of 18.76% and a negative net margin of 17.19%. During the same quarter in the previous year, the business earned ($0.48) earnings per share. Sell-side analysts anticipate that a.k.a. Brands will post -1.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in a.k.a. Brands stock. Renaissance Technologies LLC lifted its holdings in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC owned about 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting period. Institutional investors and hedge funds 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.