a.k.a. Brands (NYSE:AKA) Price Target Raised to $25.00

a.k.a. Brands (NYSE:AKA) had its price target raised by equities researchers at Telsey Advisory Group from $20.00 to $25.00 in a report released on Friday, Benzinga reports. The firm presently has a “market perform” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 8.27% from the stock’s previous close.

Separately, Truist Financial reduced their price objective 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 Price Performance

AKA stock opened at $23.09 on Friday. The business’s fifty day moving average price is $23.56 and its 200 day moving average price is $19.28. a.k.a. Brands has a 12-month low of $6.00 and a 12-month high of $33.73. The company has a market capitalization of $243.60 million, a PE ratio of -2.58 and a beta of 1.41. The company has a current ratio of 1.55, a quick ratio of 0.48 and a debt-to-equity ratio of 0.74.

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

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

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC lifted its holdings in shares of a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,369 shares of the company’s stock after acquiring an additional 3,100 shares during the period. Renaissance Technologies LLC owned 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting period. Institutional investors own 55.35% of the company’s stock.

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.