a.k.a. Brands (NYSE:AKA) Trading Up 4.6% – What’s Next?

a.k.a. Brands Holding Corp. (NYSE:AKA) traded up 4.6% on Wednesday . The company traded as high as $11.25 and last traded at $11.20. Approximately 1,943 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 5,418 shares. The stock had previously closed at $10.71.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of a.k.a. Brands in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, a.k.a. Brands currently has a consensus rating of “Hold” and a consensus target price of $19.00.

a.k.a. Brands Price Performance

The stock’s fifty day moving average is $10.08 and its two-hundred day moving average is $10.47. The company has a current ratio of 1.19, a quick ratio of 0.55 and a debt-to-equity ratio of 1.09. The company has a market capitalization of $121.21 million, a PE ratio of -3.99 and a beta of 1.41.

a.k.a. Brands (NYSE:AKA) last posted its quarterly earnings data on Tuesday, May 12th. The company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.98) by $0.32. The business had revenue of $132.46 million during the quarter, compared to the consensus estimate of $131.17 million. a.k.a. Brands had a negative net margin of 5.00% and a negative return on equity of 23.32%. As a group, analysts predict that a.k.a. Brands Holding Corp. will post -1.77 EPS for the current year.

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

An institutional investor recently bought a new stake in a.k.a. Brands stock. 683 Capital Management LLC acquired a new stake in a.k.a. Brands Holding Corp. (NYSE:AKA) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 36,417 shares of the company’s stock, valued at approximately $390,000. 683 Capital Management LLC owned 0.34% of a.k.a. Brands as of its most recent filing with the SEC. 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. It also operates physical stores under the Culture Kings brand. The company was founded in 2018 and is headquartered in San Francisco, California.