a.k.a. Brands Holding Corp. (NYSE:AKA) Short Interest Down 15.5% in March

a.k.a. Brands Holding Corp. (NYSE:AKA) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 42,500 shares, a decline of 15.5% from the March 15th total of 50,300 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is currently 3.0 days. Currently, 0.5% of the company’s shares are short sold.

Analysts Set New Price Targets

Several research analysts have commented on AKA shares. Weiss Ratings restated a “sell (d-)” rating on shares of a.k.a. Brands in a report on Tuesday, April 8th. Telsey Advisory Group decreased their price objective on a.k.a. Brands from $22.00 to $18.00 and set a “market perform” rating for the company in a report on Friday, March 7th. Finally, Jefferies Financial Group set a $17.00 target price on shares of a.k.a. Brands in a report on Friday, March 7th.

Institutional Investors Weigh In On a.k.a. Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of 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 worth $276,000 after purchasing an additional 792 shares in the last quarter. Rhumbline Advisers grew its stake in a.k.a. Brands by 487.3% during the 4th quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after buying an additional 3,236 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in 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 buying an additional 1,173 shares during the last quarter. Hedge funds and other institutional investors own 55.35% of the company’s stock.

a.k.a. Brands Stock Down 1.8 %

Shares of NYSE AKA opened at $8.43 on Monday. The stock has a market capitalization of $90.13 million, a PE ratio of -2.92 and a beta of 1.35. The company has a current ratio of 1.58, a quick ratio of 0.51 and a debt-to-equity ratio of 0.77. a.k.a. Brands has a 12-month low of $8.29 and a 12-month high of $33.73. The stock’s fifty day simple moving average is $13.56 and its two-hundred day simple moving average is $18.01.

a.k.a. Brands (NYSE:AKA) last posted its earnings results on Thursday, March 6th. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.74). The company had revenue of $159.02 million during the quarter, compared to analysts’ expectations of $158.98 million. a.k.a. Brands had a negative net margin of 5.41% and a negative return on equity of 20.82%. As a group, analysts expect that a.k.a. Brands will post -1.57 EPS for the current fiscal year.

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.