a.k.a. Brands (NYSE:AKA) Given Sell (D-) Rating at Weiss Ratings

a.k.a. Brands (NYSE:AKA)‘s stock had its “sell (d-)” rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

Several other equities research analysts have also commented on the company. Lake Street Capital started coverage on 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. Jefferies Financial Group set a $17.00 price objective on a.k.a. Brands in a research report on Friday, March 7th. Finally, Telsey Advisory Group lowered their price objective on a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, March 7th.

a.k.a. Brands Price Performance

Shares of NYSE:AKA opened at $13.79 on Friday. a.k.a. Brands has a twelve month low of $8.89 and a twelve month high of $33.73. The company’s 50 day moving average is $15.64 and its 200 day moving average is $19.80. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. The company has a market cap of $147.46 million, a PE ratio of -4.77 and a beta of 1.39.

a.k.a. Brands (NYSE:AKA) last issued its quarterly earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.74). a.k.a. Brands had a negative return on equity of 20.82% and a negative net margin of 5.41%. The business had revenue of $159.02 million during the quarter, compared to analyst estimates of $158.98 million. On average, sell-side analysts forecast that a.k.a. Brands will post -1.57 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in shares of a.k.a. Brands by 103.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock valued at $43,000 after buying an additional 1,173 shares in the last quarter. Rhumbline Advisers lifted its position in shares of a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after buying an additional 3,236 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of a.k.a. Brands by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after buying an additional 792 shares in the last quarter. Hedge funds and other institutional investors 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.