a.k.a. Brands Holding Corp. (NYSE:AKA) Receives $3.15 Average PT from Analysts

a.k.a. Brands Holding Corp. (NYSE:AKAGet Rating) has received a consensus rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $3.15.

A number of analysts recently issued reports on AKA shares. Telsey Advisory Group lowered their price target on a.k.a. Brands from $6.00 to $4.00 and set an “outperform” rating for the company in a report on Thursday, August 11th. Cowen downgraded a.k.a. Brands from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $10.00 to $2.20 in a research report on Monday, August 8th. Credit Suisse Group dropped their price objective on shares of a.k.a. Brands to $3.50 in a report on Wednesday, November 16th. Truist Financial lowered their price target on shares of a.k.a. Brands to $4.00 in a report on Wednesday, November 16th. Finally, Cowen lowered shares of a.k.a. Brands from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $10.00 to $2.20 in a research note on Monday, August 8th.

Institutional Trading of a.k.a. Brands

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Summit Partners L P boosted its holdings in a.k.a. Brands by 2.7% during the third quarter. Summit Partners L P now owns 69,656,120 shares of the company’s stock worth $101,001,000 after buying an additional 1,814,229 shares in the last quarter. Stephens Investment Management Group LLC raised its position in shares of a.k.a. Brands by 15.0% in the first quarter. Stephens Investment Management Group LLC now owns 2,084,794 shares of the company’s stock valued at $9,215,000 after buying an additional 272,024 shares during the last quarter. Must Asset Management Inc. raised its position in shares of a.k.a. Brands by 99.2% in the third quarter. Must Asset Management Inc. now owns 1,339,798 shares of the company’s stock valued at $1,902,000 after buying an additional 667,166 shares during the last quarter. Putnam Investments LLC increased its position in a.k.a. Brands by 7.0% during the third quarter. Putnam Investments LLC now owns 1,230,850 shares of the company’s stock worth $1,784,000 after purchasing an additional 80,695 shares during the last quarter. Finally, Springhouse Capital Management LP acquired a new position in a.k.a. Brands during the second quarter worth approximately $1,215,000. Hedge funds and other institutional investors own 59.00% of the company’s stock.

a.k.a. Brands Price Performance

AKA stock opened at $1.70 on Tuesday. The company has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $2.38. The firm has a market capitalization of $218.99 million, a P/E ratio of -85.00 and a beta of 1.21. The company has a quick ratio of 0.58, a current ratio of 1.84 and a debt-to-equity ratio of 0.31. a.k.a. Brands has a 52 week low of $1.25 and a 52 week high of $13.40.

About a.k.a. Brands

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a.k.a. Brands Holding Corp. operates a portfolio of online fashion brands in the United States, Australia, and internationally. It offers apparel, footwear, and accessories through its online stores under the Princess Polly, Culture Kings, Petal & Pup, mnml, and Rebdolls brands, as well as operates eight physical stores under the Culture Kings brand name.

Further Reading

Analyst Recommendations for a.k.a. Brands (NYSE:AKA)

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