a.k.a. Brands (NYSE:AKA) Stock Price Expected to Rise, Telsey Advisory Group Analyst Says

a.k.a. Brands (NYSE:AKA) had its price target boosted by equities researchers at Telsey Advisory Group from $20.00 to $25.00 in a research report issued on Friday, MarketBeat Ratings reports. The firm currently has a “market perform” rating on the stock. Telsey Advisory Group’s price objective suggests a potential upside of 7.30% from the company’s current price.

Separately, Truist Financial dropped their price target on shares of a.k.a. Brands from $22.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, August 9th.

a.k.a. Brands Price Performance

Shares of AKA stock opened at $23.30 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.55 and a quick ratio of 0.48. The firm’s 50-day moving average is $23.55 and its two-hundred day moving average is $19.38. a.k.a. Brands has a 12 month low of $6.01 and a 12 month high of $33.73. The company has a market capitalization of $245.82 million, a PE ratio of -2.60 and a beta of 1.41.

a.k.a. Brands (NYSE:AKA) last issued its earnings results on Wednesday, August 7th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $148.93 million for the quarter, compared to the consensus estimate of $134.86 million. During the same period in the previous year, the firm earned ($0.48) earnings per share. Analysts predict that a.k.a. Brands will post -1.11 earnings per share for the current 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% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 at the end of the most recent reporting 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.