Telsey Advisory Group Lowers a.k.a. Brands (NYSE:AKA) Price Target to $22.00

a.k.a. Brands (NYSE:AKA) had its target price reduced by Telsey Advisory Group from $28.00 to $22.00 in a report published on Tuesday, MarketBeat.com reports. Telsey Advisory Group currently has a market perform rating on the stock.

Separately, 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 objective on the stock.

a.k.a. Brands Price Performance

Shares of NYSE:AKA opened at $17.90 on Tuesday. The company’s fifty day moving average price is $20.39 and its 200 day moving average price is $20.67. a.k.a. Brands has a 12 month low of $7.22 and a 12 month high of $33.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.58 and a quick ratio of 0.51. The firm has a market capitalization of $190.46 million, a P/E ratio of -6.19 and a beta of 1.40.

Institutional Trading of a.k.a. Brands

An institutional investor recently raised its position in a.k.a. Brands stock. Renaissance Technologies LLC lifted its stake in a.k.a. Brands Holding Corp. (NYSE:AKA) by 11.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,369 shares of the company’s stock after purchasing an additional 3,100 shares during the period. Renaissance Technologies LLC owned approximately 0.29% of a.k.a. Brands worth $463,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.