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

a.k.a. Brands (NYSE:AKA)‘s stock had its “market perform” rating restated by analysts at Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They presently have a $22.00 price target on the stock. Telsey Advisory Group’s target price points to a potential upside of 53.61% from the company’s previous close.

Other equities research analysts 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 began coverage on a.k.a. Brands in a research report on Monday, December 16th. They issued a “buy” rating and a $30.00 price target for the company.

a.k.a. Brands Price Performance

AKA stock opened at $14.32 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.51 and a current ratio of 1.58. The firm has a market capitalization of $152.39 million, a price-to-earnings ratio of -4.96 and a beta of 1.37. The firm has a 50 day moving average price of $17.50 and a 200-day moving average price of $20.82. a.k.a. Brands has a 52-week low of $7.22 and a 52-week high of $33.73.

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

Several institutional investors and hedge funds have recently made changes to their positions in AKA. Geode Capital Management LLC increased its holdings 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 worth $276,000 after purchasing an additional 792 shares in the last quarter. JPMorgan Chase & Co. increased 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 buying an additional 1,173 shares in the last quarter. Finally, Rhumbline Advisers raised its position in a.k.a. Brands by 487.3% in 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. Institutional investors own 55.35% of the company’s stock.

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.