a.k.a. Brands (NYSE:AKA) Shares Down 0% – Here’s What Happened

a.k.a. Brands Holding Corp. (NYSE:AKA)’s stock price dropped 0% on Tuesday . The company traded as low as $10.86 and last traded at $10.7750. Approximately 1,307 shares changed hands during trading, a decline of 88% from the average daily volume of 10,777 shares. The stock had previously closed at $10.78.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AKA. Weiss Ratings reiterated a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $13.00 price objective on shares of a.k.a. Brands in a research note on Thursday, November 6th. Lake Street Capital reiterated a “buy” rating and set a $25.00 target price on shares of a.k.a. Brands in a research report on Thursday, November 6th. Finally, Zacks Research lowered a.k.a. Brands from a “strong-buy” rating to a “hold” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.33.

a.k.a. Brands Stock Performance

The company has a market cap of $121.46 million, a price-to-earnings ratio of -4.60 and a beta of 1.62. The company has a current ratio of 1.35, a quick ratio of 0.45 and a debt-to-equity ratio of 0.94. The stock’s 50 day moving average price is $12.52 and its 200 day moving average price is $11.54.

a.k.a. Brands (NYSE:AKA) last released its earnings results on Wednesday, November 5th. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($0.02). The company had revenue of $147.08 million during the quarter, compared to analysts’ expectations of $154.87 million. a.k.a. Brands had a negative net margin of 4.42% and a negative return on equity of 23.20%. On average, analysts expect that a.k.a. Brands Holding Corp. will post -1.57 EPS for the current fiscal year.

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

A hedge fund recently bought a new stake in a.k.a. Brands stock. Bridgeway Capital Management LLC purchased a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 11,475 shares of the company’s stock, valued at approximately $118,000. Bridgeway Capital Management LLC owned 0.11% of a.k.a. Brands as of its most recent filing with the Securities & Exchange Commission. 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.