Telsey Advisory Group Lowers a.k.a. Brands (NYSE:AKA) Price Target to $18.00

a.k.a. Brands (NYSE:AKA) had its price objective decreased by Telsey Advisory Group from $22.00 to $18.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

AKA has been the topic of a number of other research reports. Lake Street Capital initiated coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They issued a “buy” rating and a $30.00 price objective on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, February 19th.

a.k.a. Brands Trading Down 13.1 %

NYSE AKA opened at $13.22 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The company has a market capitalization of $140.61 million, a price-to-earnings ratio of -4.57 and a beta of 1.39. The company’s 50-day simple moving average is $16.91 and its two-hundred day simple moving average is $20.59. a.k.a. Brands has a one year low of $7.22 and a one year high of $33.73.

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

Institutional Trading of a.k.a. Brands

Several institutional investors and hedge funds have recently bought and sold shares of AKA. Geode Capital Management LLC lifted its stake in shares of a.k.a. Brands by 5.7% in 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 period. JPMorgan Chase & Co. lifted its stake in shares of a.k.a. Brands by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after purchasing an additional 1,173 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of a.k.a. Brands by 487.3% in the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after purchasing an additional 3,236 shares during the period. 55.35% of the stock is currently owned by institutional investors and hedge funds.

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.