a.k.a. Brands (NYSE:AKA) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of a.k.a. Brands (NYSE:AKA) in a report published on Friday morning,Benzinga reports. The brokerage currently has a $22.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reissued a “sell (d-)” rating on shares of a.k.a. Brands in a report on Wednesday, February 19th. Lake Street Capital assumed coverage on a.k.a. Brands in a report on Monday, December 16th. They issued a “buy” rating and a $30.00 target price on the stock.

a.k.a. Brands Price Performance

NYSE AKA opened at $14.20 on Friday. The business’s fifty day moving average price is $17.50 and its 200-day moving average price is $20.82. The stock has a market capitalization of $151.09 million, a price-to-earnings ratio of -4.91 and a beta of 1.37. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. a.k.a. Brands has a 1-year low of $7.22 and a 1-year high of $33.73.

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

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its holdings in a.k.a. Brands by 103.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,310 shares of the company’s stock worth $43,000 after purchasing an additional 1,173 shares during the period. Rhumbline Advisers raised its holdings in 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 acquiring an additional 3,236 shares during the period. Finally, Geode Capital Management LLC raised its holdings in a.k.a. Brands by 5.7% during the fourth quarter. Geode Capital Management LLC now owns 14,739 shares of the company’s stock valued at $276,000 after acquiring an additional 792 shares during the period. 55.35% of the stock is owned by institutional investors.

a.k.a. Brands Company Profile

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.