a.k.a. Brands’ (AKA) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of a.k.a. Brands (NYSE:AKA) in a report issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also commented on AKA. Lake Street Capital started coverage on shares of a.k.a. Brands in a research report on Monday, December 16th. They set a “buy” rating and a $30.00 price target for the company. Telsey Advisory Group reduced their target price on a.k.a. Brands from $28.00 to $22.00 and set a “market perform” rating for the company in a research report on Tuesday, January 14th.

a.k.a. Brands Trading Up 2.3 %

Shares of AKA opened at $17.89 on Wednesday. The business’s 50-day moving average price is $17.94 and its 200-day moving average price is $20.84. The company has a quick ratio of 0.51, a current ratio of 1.58 and a debt-to-equity ratio of 0.77. a.k.a. Brands has a twelve month low of $7.22 and a twelve month high of $33.73. The stock has a market cap of $190.30 million, a PE ratio of -6.19 and a beta of 1.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its stake in a.k.a. Brands by 103.2% during the fourth 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 last quarter. Geode Capital Management LLC lifted its position in 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 buying an additional 792 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in a.k.a. Brands by 487.3% in the fourth quarter. Rhumbline Advisers now owns 3,900 shares of the company’s stock worth $73,000 after buying an additional 3,236 shares in the last quarter. 55.35% of the stock is currently owned by hedge funds and other 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.