a.k.a. Brands (NYSE:AKA) Earns Buy Rating from Analysts at Lake Street Capital

Posted by ABMN Staff on Dec 18th, 2024

Research analysts at Lake Street Capital started coverage on shares of a.k.a. Brands (NYSE:AKA – Get Free Report) in a note issued to investors on Monday, Marketbeat.com reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. Lake Street Capital’s target price would indicate a potential upside of 38.89% from the company’s previous close.

Separately, Telsey Advisory Group lifted their price objective on shares of a.k.a. Brands from $25.00 to $28.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th.

Check Out Our Latest Analysis on AKA

a.k.a. Brands Trading Up 2.9 %

Shares of a.k.a. Brands stock opened at $21.60 on Monday. The stock has a fifty day moving average price of $22.37 and a 200-day moving average price of $20.15. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The firm has a market cap of $229.82 million, a PE ratio of -7.47 and a beta of 1.36. a.k.a. Brands has a 1 year low of $7.00 and a 1 year high of $33.73.

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 boosted its position in shares of a.k.a. Brands Holding Corp. (NYSE:AKA – Free Report) by 11.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing. 55.35% of the stock is currently owned by institutional investors and hedge funds.

a.k.a. Brands Company Profile

(Get Free Report)

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.