a.k.a. Brands (NYSE:AKA) Receives Sell (D-) Rating from Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA) in a research report released on Wednesday morning,Weiss Ratings reports.

Other analysts have also issued reports about the stock. Lake Street Capital initiated coverage on shares of a.k.a. Brands in a report on Monday, December 16th. They set a “buy” rating and a $30.00 target price for the company. Telsey Advisory Group dropped their price objective on a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating for the company in a report on Tuesday, January 14th.

a.k.a. Brands Stock Up 2.3 %

Shares of NYSE AKA opened at $17.89 on Wednesday. The firm’s fifty day moving average is $17.94 and its 200 day moving average is $20.84. a.k.a. Brands has a 52 week low of $7.22 and a 52 week high of $33.73. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. The company has a market cap of $190.30 million, a price-to-earnings ratio of -6.19 and a beta of 1.37.

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

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings 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 worth $43,000 after acquiring an additional 1,173 shares during the period. 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. Finally, Rhumbline Advisers boosted its position in shares of a.k.a. Brands by 487.3% during the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock valued at $73,000 after purchasing an additional 3,236 shares in the last quarter. 55.35% of the stock is owned by institutional investors.

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.